General > General Technical Chat
Steorn Orbo free energy scam - they're Still at it!
EEVblog:
--- Quote from: T3sl4co1l on May 22, 2017, 07:33:13 am ---No, it doesn't matter if that thing happens to violate thermodynamics (those water-from-air crowdfunding campaigns), or is unprovable, unsolvable or impractical (say, NP-complete problems, breaking hard crypto, proving the Riemann Hypothesis...), or just happens to be some average every-day engineering problem that needs a little more research behind it (a bigger team, smarter eggheads, better direction, whatever).
To the CEO, to the investor, to the businessman, it's just another problem that needs to be solved, directly or indirectly.
--- End quote ---
This is how uBeam sucked in so may big name people.
T3sl4co1l:
--- Quote from: CJay on May 22, 2017, 09:30:28 am ---I agree with much of what you say Tim but in a company with such a narrow portfolio as Steorn then surely reality must have not been that much of a stranger to them?
I can see how a company with a broad portfolio of seemingly unrelated market and products could get their CEO in such a position but doesn't it seem unlikely that any decent CEO wouldn't have some inkling that all wasn't right in what was essentially a single technology?
I can believe that investors would keep on putting money in, after all they're only about the return, most would have had stock because it was part of a scheme offered by a financial company who'd chosen based on figures, not technological knowledge.
Nobody likes to have to admit they've been had so they will throw good money after bad, at least for a short time.
--- End quote ---
Yeah, within Stoern, it's unclear how much of (and at what levels) it was self-deception versus explicit scamming, but the amount was certainly nonzero.
Tim
EEVblog:
--- Quote from: T3sl4co1l on May 22, 2017, 10:21:06 am ---Yeah, within Stoern, it's unclear how much of (and at what levels) it was self-deception versus explicit scamming, but the amount was certainly nonzero.
--- End quote ---
If you've ever watched the guy talk and give demos etc your spidey scam sense goes off the charts.
Unlike the uBeam, Solar Roadways, Fontus and other such people which your spidey sense tells you are just genuinely delusional and won't admit their world changing idea isn't practical.
HighVoltage:
--- Quote from: EEVblog on May 21, 2017, 09:18:50 am ---
--- Quote from: mikeselectricstuff on May 20, 2017, 10:24:23 pm ---Assets for sale by liquidator :
http://www.cooney.ie/cooney_item_page.php?id=126
--- End quote ---
Why did they need a DPO7104 1Ghz scope?
--- End quote ---
Here in this video they show the scope and expensive probes:
If the first guy in the video asking questions is an indication of how educated the the investors are, then we get an idea of easy it was to scam 23 million out of them.
HighVoltage:
So, here is what he has been using the 1 GHz scope for:
That guy is pretty funny...
He shows his potential investors the scope trace and tries to explain what this means and the line goes up and up and shows over unity.
All he did, is using the math function of the scope and integrated the current trace., LOL
This is in part 2 of the 4 part video series.
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