For sale : cheap car, hardly used, good condition
47 comments / November 26, 2009
The title says it all. Somebody definitely needs to get rid of his brand new Renault Scenic with license plate 16-JNZ-5. Hardly ever used and in perfect condition. As good as new.
The car is part of the remaining assets of Van der Moolen, to be auctioned somewhere in January 2010. Together with the other rather unimpressive VDM cars (the Lexus is a nice exception).
The curious fact is the car had been bought by the firm on August 5th, just five days before seeking creditor protection. Five days including a weekend. Who has been driving these cars? Can’t imagine traders to be driving this kind of vehicles..
certainly not a traders car! Thought all VDM/Curvalue traders drove ferraris….like Phillip
The Lexus driver still works there
He will be using public transportation, in that case..
She…
The Lexus was driven by Linda Moos. The wannabe CFO and registered public accountant. She and the wicked witch Lenny van der Ham are as quilty as Richard Den Drijver.
RDD's very very expensive car is payed for by VDM, en is located in Switzerland. Seems they haven't recovered the car for auction in NL yet.
The traders didn't get any car. But they paid for it with higher deskfee's.
By the way, I see 10 dutch cars, and VDM had around 50 traders located in the Netherlands.
Thats E 666 deskfee per trader a month.
Those 10 car drives lets say on average E15000 a month salary.
Thats E 3000 deskfee per trader a month.
etc….
I see only five cars, with two pictures each.
i think it belongs to Ralph van put – he has downgraded 🙂
i am surprised egbert isnt getting the car for free
I think he wants to have a credit.
Hehe, good to read some nametags here…
hehhe they should buy allards stupid car, aston martin vangquish….yeah, he has stayed really humble, the short midget
I thought he was driving an Audi?!
allard is copying ralph van put, getting fat and flashing money around
allard lucky mother%#$#$ made private a lot of money with his invest in kas bank…but oh well, even with all the money in the world, he stays ugly!!!!!!
heard that he still has a position in kas bank, rumour is that he has approximately 4,2 million profit
Lucky? Maybe Allard is a smart guy who did some good analysis on Kas Bank and made money on a good investment decision.
What did VDM guys need cars for? Their taxi bill was supposedly 250k € in 2008, just going from Keizersgracht to Schiphol. Much nicer,if you get a blow job on the way to the airport!
Don't forget the restaurant located on de Herengracht, where they took lunch everyday.
Can anyone throw insight on what were bonuses at VDM and curvalue like for 2008.
I mean did you traders see this coming ?
This is hilarious. If yo go to the linkedin page of Kas bank. The career path for the employees before and after Kas bank is ING and ABN AMRO.
LOL
Linda Moos reminds me of Erin Callan of Lehman brothers
http://www.youtube.com/watch?v=qqGlY6fRx4U
@4.49:
VDM paid out 32 million euros in bonuses in 2008 (on a staff of about 150, which includes many who are not traders). The majority of the TRADER bonuses were paid in England and Germany/Switzerland. Curvalue doesn't really figure into this equation because they have NEVER made any serious money. Not before VDM took over Curvalue and most definitely not afterwards. If I remember correctly Curvalue made about 4 million last year with 25 traders (after overhead but before bonuses). After bonuses were paid out to traders and management, that leaves about 2 million for its shareholders in an EXTREMELY good year for trading. Pathetic. The biggest UNDESERVED bonuses were paid out in Amsterdam, of course, to management idiots like Egbert, Linda and myself. Whoever said that crime doesn't pay was a liar!
To answer your question, judging by the bonuses alone, one wouldn't think this company was sinking so swiftly.
@ December 3, 2009 10:26 PM :
The taxi bill was for Richard and Hans alone! I really hate them for ruining the company and screwing me out of a nice "ontslagvergoeding" (golden handshake). I deserved one more than Marco.
Onno !!!! How are you ? what's your new job ?
Dont be a sore loosa, Onno. I will be bag shortly (once the invastigations stop – have to keep a low profil riht now) and tis time I will dominate the financial world. I will set up a 3 timezones global interconected hot air investmentbank hedge fund exchange and will sell it for 100 bilion. You have to tell me quikly if you wand to join as the number of interested hi-caliba cantidates far outnumbers the vacancys. I build a strong reputation in my carer. Everyon wonts to work for me.
the vdm administrator will get the bonuses back from senior mgt, dont worry about that. especially when they can see that the company had problems at the time when the bonuses were paid. people like egbert will have to pay it all back
Ontopic: I guess this car belongs to one of the secretaries. No doubt. Must be…..
The old VDM IT manager drove one of the cars. He left VDM in 2006, though RDD really liked him.
don't forget the daily taxi rides of the integration manager from the keizersgracht towards brouwersgracht!
go on holidays or go to work !
Numbers mentioned are wrong. The number of traders was much smaller and I am doubtful about the 4 mio (there's probably something up with the definition).
Didn't they have any Audi TTs back then too?
Renault was company car for staff person, Trader including Egbert and Onno did not have a company car. The last IT manager (still with the company on banlrupcy) was driving the Volvo and as it looks he could not even keep that one without a lot of damage.
Een veiling van de inboedel van het failliete effectenhuis Van der Moolen heeft 400.000 euro opgebracht; nog geen 10% van de nieuwwaarde.
De internetveiling trok meer dan zeshonderd bieders uit diverse landen waaronder ook oud-werknemers, oud-bestuurders en werknemers van onderdelen die een doorstart maakten, hebben meegeboden, aldus Troostwijk Veiling.
Een groep gloednieuwe bureaus bracht het meest op: 42.000 euro. Een luxe auto van het merk Lexus, nieuw bijna 80.000 euro, ging voor bijna een kwart; 24.000 euro van de hand.
New one.
http://www.troostwijkauctions.com/nl/van-der-moolen/01-12869/
http://www.troostwijkauctions.com/nl/olieverfschilderij-op-doek/03-12869-870-1077767/
Saw the last photo. I bought It myself to hang it on de wall here in Villars in Switzerlandd. Nijs to have friends! Richy-Rich.
More interesting is the MISSING painting from the VDM building; the huge one with the ships in a storm. I believe it was bought at Christies some time ago. Maybe an angry employee took it home secretly. …or was it the management… The painting is NOT on the auctionsite; who the hell took it?
Even more interesting, where is the MISSING painting of the Fallen Madonna with the Big Boobies…?!
expensive paintings from Christies. VDM bosses sure did live THE life.
they sure did, least they had their priorities right! And lets not forget the 300k trip to Barcelona 3 months before the firm went bankrupt!
Anybody heard anything further about an investigation?
This painting?
http://images2-telegraaf.nl/multimedia/archive/00495/van_gogh_495920d.jpg
Time for a new topic!
Does anyone have an idea of how much the CFTC fine is going to be for Optivar?
Will they get one and if yes how much? (and when)
At a rough guess, I think the fine will be around $50m USD. The CFTC fined Enron about $35m USD, and that was before the GFC, so they'll be wanting to make an example of them.
"Will they get one?" – If they are found guilty, then yes; if not, then no 😛
I personally think the evidence is pretty strong against Optiver – you can listen to the audio on the CFTC website.
The next hearing is in te middle of May. I would expect the case to be resolved either way by the end of the year.