Latvian scammer Matiss Paegle: Windhan scam, Asicvault scam

[Alois D]

Could a person be at the same time legit enterpreneur and a piece of scammy shit?  Should we have attitude: once scammer - allways scammer? Or it is not that simple?

This is the problem with a person Matiss Paegle, (also Matīss Paegle) a person supposedly active in Latvia and Estonia.

He has been a central figure in proven bitcoin scams:

1) Asicvault: https://bitcointalk.org/index.php?topic=5186716.0 ; http://archive.is/4fDi1 ; he is a shareholder in scammy Aiscvault run by notorious scammer Hando Eilsen

2) Windhan: he is main person in scammy Windhan ICO: https://bitcointalk.org/index.php?topic=5114243.40 ; now its website dead etc typical scam indicators (more on Windhan in Kazakhstan and its relation with this "Windhan" here will be coming soon, waiting for information from Kazakhstan).

But the same person Matiss Paegle is a central figure in a seemingly solid enterprise called BaltCap Infrastructure: https://www.baltcap.com/team/matiss-paegle/    

And he promotes project  that also seems pretty legit: http://keepwarmeurope.eu/fileadmin/user_upload/Learning_Centre/Latvia/T2.5-1__Alternative_to_financing_of_infrastructure_projects_and_public-private_partnership_.pdf

 I am quite confused now as I plan to take legal action concerning Asicvault members in Latvia and Estonia.  Any opinion?

[morvillz7z]

2) Windhan: he is main person in scammy Windhan ICO: https://bitcointalk.org/index.php?topic=5114243.40 ; now its website dead etc typical scam indicators (more on Windhan in Kazakhstan and its relation with this "Windhan" here will be coming soon, waiting for information from Kazakhstan).

Thanks for bringing up Windhan. I do remember a scam accusations topic against them, which was later labeled as resolved and locked.

It's not a 'typical scam indicators', Windhan is a straight-up exit scam. They finished their ICO back in what was April-May and boom they are gone. As you said website is down, their Twitter account is deleted, Medium and Reddit channels are gone. A video shown as proof of their team is removed too. Their telegram has been dead for more than 6 months.

I will probably start a new scam accusation thread in the next couple of days and list every single member of Windhan including Matiss Paegle. I think they deserve some exposure and recognition by Google. lol

[The Sceptical Chymist]

I don't know anything about this guy Paegle or his scams, but real human beings are often complicated creatures who can have dual natures, and yes I think it's possible for a scammer to be running a legitimate project or business, though my guess would be that if he really did pull off scams in the past there's a danger that he'd do the same thing again and to beware.

And if someone has a track record of being dishonest, you could reasonably expect them to be dishonest again.  So even if they're operating something that looks legit, I'd stay away from it if it means putting your money at risk--especially in the world of cryptocurrency, where things often are not what they seem and where scams are rampant.

[tmfp]

legit businessman and scammer at the same time?

But the same person Matiss Paegle is a central figure in a seemingly solid enterprise called BaltCap Infrastructure

Some of the biggest crooks in the world work in the Private Equity field.
 

....And he promotes project  that also seems pretty legit

Public/Private Partnerships (as he seems to be proposing for KeepWarm) are licenses to print money for unscrupulous capital providers.

 

[Alois D]

Matiss Paegle update

 Matiss Paegle is not any more board member of Estonian company AsicVault OÜ since autumn 2020. This AsicVault company was behind international scam https://bitcointalk.org/index.php?topic=5186716.msg55988575#msg55988575

Also, Matiss Paegle has closed down Estonian company  Windhan OÜ https://www.teatmik.ee/en/personlegal/14611233-Windhan-O%C3%9C that was behind Windhan Energy scam

Matiss Paegle's LinkedIn accounts linkedin.com/in/matiss-paegle-3624732 https://lv.linkedin.com/in/matiss-paegle-3624732 fail to mention that he was a chairman of the board of Windhan OÜ and the member of the board of AsicVault OÜ.

His part in those scams has been never mentioned anywhere on the Internet.

But it is mentioned everywhere that he is at Chairman-Management Board at Anaerobic Holding SIA https://www.anaerobic.lv/ and Investment Director at BaltCap AS https://www.baltcap.com/team/matiss-paegle/

It might be assumed that Anaerobic Holding SIA and BaltCap AS promote scammy activites, or at least those two companies should be dealt with extreme caution as a central figure there is a proven fraudster!

Contacts of Matiss Paegle at BaltCap AS are as follows:

Matiss Paegle
Investment Director
Tel:+371 6721 4225
E-mail: Matiss.Paegle@baltcap.com

[Alois D]

2) Windhan: he is main person in scammy Windhan ICO: https://bitcointalk.org/index.php?topic=5114243.40 ; now its website dead etc typical scam indicators (more on Windhan in Kazakhstan and its relation with this "Windhan" here will be coming soon, waiting for information from Kazakhstan).

Thanks for bringing up Windhan. I do remember a scam accusations topic against them, which was later labeled as resolved and locked.

It's not a 'typical scam indicators', Windhan is a straight-up exit scam. They finished their ICO back in what was April-May and boom they are gone. As you said website is down, their Twitter account is deleted, Medium and Reddit channels are gone. A video shown as proof of their team is removed too. Their telegram has been dead for more than 6 months.

I will probably start a new scam accusation thread in the next couple of days and list every single member of Windhan including Matiss Paegle. I think they deserve some exposure and recognition by Google. lol

Yes, it would be nice you start a topic on Windhan scam. Some of the person there were very real, at least Matiss Paegle, he was one of the architects of that scam, and now he is running several business enterprises in Latvia and Estonia. I even do not imagine how it is possible but here he is:

Chairman-Management Board at Anaerobic Holding SIA https://www.anaerobic.lv/ and Investment Director at BaltCap AS https://www.baltcap.com/team/matiss-paegle/

[Alois D]

Picture of Matiss Paegle from 2020 https://www.baltcap.com/wp-content/uploads/2021/05/baltcap_esg-report_2020.pdf

[AceFairy]

i think you must fund a manhunt action against thieves and capture, or kill bad people;
the last option i mentioned is because even police is corrupt from criminals and drug dealers, they can protect thieves for money;
simple, honest people are little safe from both criminals and authorities in power;
because both are criminals in nature - the government and the thieves, liars, scammers or killers;
i have explored a layered cake of this structure in our society, from low thieves to government thieves...

[Alois D]

i think you must fund a manhunt action against thieves and capture, or kill bad people;
the last option i mentioned is because even police is corrupt from criminals and drug dealers, they can protect thieves for money;
simple, honest people are little safe from both criminals and authorities in power;
because both are criminals in nature - the government and the thieves, liars, scammers or killers;
i have explored a layered cake of this structure in our society, from low thieves to government thieves...

Yes, scams are not mushrooms that grow themselves: behind every scam, there is a real person with a name and ID. So we should here not only warn of potential fraud schemes but dig deeper and expose the real persons behind them. Often it is not possible. But sometimes fraudsters are careless and register a company or bank account in their own name, or make other mistakes that give us a chance to identify a real person behind a fraud scheme.

The real persons behind Windhan scam and Asicvault scam have been exposed: Matiss Paegle and Hando Eilsen. Bringing their names to daylight is not vengeance, it is just to save people from their next scams. These names might appear in the future again in white papers, or as a bank account holder or board member, etc places. So these two names should be a red flag to anybody.

Of course, a person can change and start a new thing as a legit one with much hard work and honesty. But they should clear up the previous mess over the decades: explain, recompensate losses to hurt people, and apologize.