He taunted his victims, telling them that in EVE , trust is a commodity, and they had given it away too cheaply. He pointed out that his name was literally —and they had still trusted him with their life savings.
The leader of this alliance went by the username . bad bobby
Bad Bobby called a shareholder meeting. However, instead of a financial report, he initiated a vote. Because he held the majority of voting shares, he didn't need anyone else's permission. He proposed a motion to liquidate the corporation’s assets and transfer all holdings to a third party. He taunted his victims, telling them that in
Over time, Bad Bobby quietly consolidated power. He used a variety of legitimate corporate maneuvers to convince the other shareholders to hand over their voting shares to him for "safekeeping" or "streamlined management." One by one, the voting power concentrated in his hands until he held 51% of the company's voting shares. Bad Bobby called a shareholder meeting
In 2010, the virtual universe of EVE Online witnessed one of its most legendary scams . Bad Bobby ran an investment firm called , which promised high returns to players who invested their hard-earned ISK (the game's currency) to fund the production of "blueprints" for the game's most powerful warships. Instead of building ships, Bad Bobby vanished with hundreds of billions of ISK, leaving behind a legacy that serves as a case study for risk management and fraud in virtual economies. 2. The Duality of Robert F. Kennedy