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So Blanc & Eclare design contest , the profits from which are supposed to go to "Hedge fund C ", has a winner.


FoG

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^

 

The only given termns and condition of this contest are "Once you submit the design the you transfer the rights and ownership of the designer to blanc and Eclare"

Meaning they can do whatever they want with your design, basically about picking  skill and arts.

 

 

 

 

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re-edited by blanc and eclare
Bz_AvVeCQAEGvV2.jpg
 
 

 

 

 

The winner of this contest  gets his name engraved on the products sold .

And based on the rules of this contest,B&E will own all the designs submitted onto the contest from that point onwards of submission And only the design put up by her  was be shown in public the rest of design which b&e owned through the contest were not .................................... . .

 

 

Next ,

And the profits from selling the products will be donated to charity

In this case  the hedgefund care org about child care  that B&e chosed to associate  established its first offshore org in cayman island(a paradise for tax haven and money laundering http://www.ft.com/intl/cms/s/0/24feef72-adc5-11e2-82b8-00144feabdc0.html#axzz3XpMkI2iR)

 

And the asia branch which which ws launched just 2days before the launch of contest is located not on rural sea area.

But Hongkong the 3rd on world tax haven list

 

If people are wondering what is hedge fund is..

According to FBI

 

Hedge funds are minimally regulated private investment partnerships that historically accept only high-wealth investors. The theory behind their creation was that high-wealth investors are "financially sophisticated" and therefore did not need or want to incur the additional administrative expense of reporting to a regulatory agency. The label "hedge fund" is not a specific legal term, but rather is used to describe an investment vehicle with great flexibility in the investment strategies it can adopt; many of these strategies are unavailable to traditional mutual funds. Hedge funds can invest in equities, bonds, options, futures, commodities, arbitrage and derivative contracts, as well as illiquid investments such as real estate. This gives hedge funds the potential to profit in times of market volatility. Hedge fund managers are compensated on a contingency-based fee structure, which typically earns them a 1 percent management fee plus an incentive fee of 20 percent of annual profits.

Although the exact number of hedge funds is difficult to quantify due to a lack of centralized reporting requirements, it is clear that hedge funds have grown exponentially in the last ten years. Industry trade publications indicate that hedge funds have quadrupled in number (from approximately 2,100 in 1996 to approximately 8,800 in 2006), have over $1.3 trillion under management and account for 20 percent to 50 percent of the daily trading volume on the New York Stock Exchange.

Hedge funds offer many benefits, but because of the volume of assets under management, they draw special attention when they fail. Hedge funds can fail for a variety of reasons. A hedge fund with a small asset base can experience crippling cash flow problems following a period of poor returns on investment. Excessive leverage can precipitate sudden capital depletion when investing in volatile financial instruments or commodities. Of most importance to law enforcement and regulators, however, is when hedge funds fail due to fraud. Debate continues among civil regulatory agencies and in Congress as to what, if anything, should be done to regulate the industry to control potential fraud and abuse.

The current investment climate, which lacks regulatory scrutiny, may tempt unscrupulous hedge fund managers to commit fraud. Hedge funds themselves are not illegal; they are simply the vehicle that facilitates fraudulent activity by managers. The FBI has investigated a variety of frauds that involve hedge funds. In the Daedalus Capital Partners case, for example, a classic advanced fee scheme was perpetrated by the hedge fund manager; investors received false financial statements claiming large profits, when in fact the money was being siphoned off and used to finance the manager's lavish lifestyle. In the Global Time Capital Growth Fund case, on the other hand, the hedge fund manager was convicted of trading on material non-public information regarding an impending bank merger--a classic example of insider trading. Finally, in the Bayou Management LLC case, the hedge fund principals created a legitimate hedge fund, suffered losses in trading and later issued false financials to their investors to hide those trading loses.

 

Source- http://www.fbi.gov/a...edge-fund-fraud

LittlePinky92

 

Hedge funds are made available only to certain sophisticated or accredited investors and cannot be offered or sold to the general public.

Many hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling ("absolute return"). Hedge fund managers often invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund.

 

 

LOL

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Do you even have proof on that supposedly fake charity fund? You do realize that you can get sued for defamation if your claim reached B&E?

read again butthurt

he pointed out some facts and records instead of claiming any thing

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Its sad that fan deisgned better sunglasses than Jessica Chief Designer did

 

and b&e now owns other designs that didnt win... cant wait to see in the future if they will be included since some of them > Jessica's design

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This reminds me of the time koalasplayground admin busted some ot8 nutjob using 12 different accounts.

 

Your scraping the bottom of the barrel when all you got is criticising a donation to charity.

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tbh the conditions for entering the competition e.g. relinquishing all rights etc. are actually pretty standard. 

 

I lf you guys had entered any of this types of competitions before you'd realise there's nothing weird about it. 

 

But you need something to bash her for so carry on looser

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This reminds me of the time koalasplayground admin busted some ot8 nutjob using 12 different accounts.

 

Your scraping the bottom of the barrel when all you got is criticising a donation to charity.

 

If you want to do just charity go donate on some WHO or a transparent org by your money  but using  a plateform with a system of financial secrecy and dodgy laws which can be used for the donors benefits will not make you look any better.

Thats the point.

 

tbh the conditions for entering the competition e.g. relinquishing all rights etc. are actually pretty standard. 

 

I lf you guys had entered any of this types of competitions before you'd realise there's nothing weird about it. 

 

But you need something to bash her for so carry on looser

I   pointed out how that condition gives the right to B&E.

These type of competition are pretty standard to get ideas /songs/designs from contestants.

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Well that is interesting. In your opinion, do you find at least her intentions amiable or sketchy?

I am not a delulu jessica fan any more so you guess.

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This reminds me of the time koalasplayground admin busted some ot8 nutjob using 12 different accounts.

 

Your scraping the bottom of the barrel when all you got is criticising a donation to charity.

Oooh, lmao really? I must've missed that post. Link, please?

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