05.30.18

Märpel Looks at Benoît Battistelli’s Toxic Financial Affairs at the EPO

Posted in Europe, Finance, Patents at 11:55 pm by Dr. Roy Schestowitz

Recent: Benoît Battistelli the Latest Example of Massive Bonuses Given to People Who Destroyed Their Own Organisation

Financial image

Summary: More and more people/circles raise serious questions about Battistelli’s financial dealings at the EPO

THE scandals at the EPO are greater in number and magnitude than it may seem. Some of them may take years to come to the surface. The USPTO, by contrast, has barely any scandals (we covered one yesterday, but those are rare).

Recently, the ‘gambling’ with EPO funds was brought up again (it happened around Christmas time when almost nobody paid attention). Märpel has just published this long post about it:

Now President Battistelli has decided he needed a blank check to play with that money on the stock and derivatives market. Apparently he did not learn about the toxic loans of Saint-Germain. Or maybe he knows them too well, Märpel cannot say. Usually money lost in risky investments is not lost for everybody.

The Council, in its rubber-stamping majesty, decided to approve the new investment guidelines last December. Lately the budget and finances committee cleared the small details. Interested readers having access to the EPO intranet may look for document CA/F 10/18.

Märpel finds difficult to believe what that document says. Apparently, the EPO is going to set aside “around 250 millions Euros” every year in the next 20 years and expects that the total treasury will reach EUR 12 billions Euros after a period of 20 years, which is lots of money even for cats. The expected long term return on the modelled portfolio is 4,0% and the annual risk is 15,1% of the Net Assets Value, which Märpel understands to mean that the EPO will invest in relatively high risk assets to get that level of return. Märpel’s compound interests calculator also notes that the figures do not match, even if the EPO would invest its complete cash reserve in that risky scheme (2.3 billions Euros) Märpel is short of some money. Märpel also notes that up to 75% can be invested in risk investments (equities, commodities, real estate and “alternatives”), which probably explains the 4% annual return in times when one is lucky to get 0.5%.

Nobody knows what the EPO is going to do with 12 billions Euros in 20 years. If the scheme succeeds (and that is a big “if”), the next-next-next-next President is going to have lots of money to play with. Or will he?

This subject was not too long ago tackled in a series of posts by Thorsten Bausch and recently by us as well. Bausch has just published this post about the Federal Court of Justice of Germany (not to be mistaken for FCC). He said:

The FCJ ordered that the petitioner must be granted access to the entire file wrapper. The objections raised by the plaintiff with regard to parts of the file which allow conclusions to be drawn on infringement proceedings conducted in parallel or which contain information on the designs challenged there were unfounded.

Bausch comes from a different world than yours truly because he works for a law firm, but judging by recent interactions he remains concerned about the financial dealings at the EPO. We’re now just one week away from the massive passage of EPO’s budget (i.e. stakeholders’ money) to Battistelli’s other employer in Saint-Germain. It remains to be seen what happens to all that money and whether Battistelli will be held belatedly accountable after his diplomatic immunity is voided (António Campinos had already enjoyed it under EU-IPO).

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

This post is also available in Gemini over at:

gemini://gemini.techrights.org/2018/05/30/toxic-financial-affairs-at-the-epo/

If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

Pages that cross-reference this one

What Else is New


  1. Links 8/5/2021: GIMP 2.99.6, Wine 6.8 Released

    Links for the day



  2. IRC Proceedings: Friday, May 07, 2021

    IRC logs for Friday, May 07, 2021



  3. [Meme] Outsourcing Audacity Development to Microsoft Proprietary Software and Then Copying Microsoft Tactics (and 'Telemetry')

    They've had the audacity to call it "telemetry" and pretend that surveillance companies (spying giants) cannot figure out who you are based on IP addresses



  4. Links 7/5/2021: IPFire 2.25 Core Update 156 and Diffoscope 174 Released

    Links for the day



  5. The New Microsoft? No, the New IBM.

    Microsoft GitHub and IBM: a strategic alliance between a monopolistic duo



  6. The Audacity Takeover by Muse Group is No Cause for Celebration

    Audacity is now part of an entity called Muse Group and if it doesn’t take or suck freedom out of Audacity, it will certainly deny users rather basic concepts (or anticipation) of privacy



  7. King of Linux

    If the entire operating system is being called "Linux", then we fall for a publicity or misattribution stunt



  8. The Biggest Troll is the Linux Foundation, Still Looking to Provoke and Defame Free Software Communities in Order to Help a Monopolistic Takeover and to Shoehorn Tyrants Into Leadership Positions

    Contrary to what the so-called ‘Linux’ Foundation is trying to say, the most toxic element is itself; it’s maligning the real community while protecting abusive and racist corporations that profit from war and tribalism-motivated hatred



  9. IRC Proceedings: Thursday, May 06, 2021

    IRC logs for Thursday, May 06, 2021



  10. “The Lolita Express” and Prince Bill

    “The Lolita Express” scandals return to haunt pool old Bill, as it turns out his wife was upset and it's quite likely the reason for their divorce



  11. Links 7/5/2021: GNU/Linux Preinstalled, Plamo 7.3, LibreOffice 7.1.3

    Links for the day



  12. The Latest Reports About Bill Gates Serve to Confirm or at Least Reaffirm Many People's Suspicions

    So, just as many people suspected, Melinda Gates did not appreciate her husband sneaking behind her back to meet someone who had trafficked thousands of underage girls for sexual exploitation and there are high-profile calls right now for greater transparency, seeing the impact on the world’s biggest tax evasion vehicle



  13. Disregard Web Sites That Call Themselves 'News' and Instead Promote Proprietary Software for Companies Like Microsoft

    Publishers like IDG have long been paid-for marketing in ‘article’ clothing, sometimes with the veneer of ‘reporting’ (as if they have some inside knowledge or insight, e.g. speaking with or for the company they secretly coordinate with or market for); but sadly we’ve been seeing some so-called ‘Linux’ sites doing the same thing, in effect acting like de facto Microsoft marketers



  14. [Meme] Who Needs Examination Anyway When There's 'Hey Hi' (AI)?

    The patent production line could do away with 'pesky' and 'opinionated' examiners who actually wish to scrutinise alleged 'inventions'



  15. Europe's Second-Largest Institution Corrupting the Media and Buying Expensive Puff Pieces

    As annual reports reveal, the EPO wastes an extraordinary amount of money on reputation laundering campaigns and it pollutes the signal by paying publishers; we examine this issue using the new 'reports' shown in the video above



  16. Links 6/5/2021: Fedora’s Compiler Policy and Celemony Software GmbH Adopting Free Software

    Links for the day



  17. Free Software Proponents Don't Fall for Bullshit (Same is True for EPO Examiners)

    There are parallels between what happens in the Free Software Movement and the EPO, where well-meaning people — and usually hard-working scientists — are besieged by people who never really contributed anything to society



  18. IRC Proceedings: Wednesday, May 05, 2021

    IRC logs for Wednesday, May 05, 2021



  19. Lessons From Another Failed Coup Against the Free Software Movement

    The coup has very clearly failed and we should prepare for future attempts (they go in cycles); the monopolies really dislike software they cannot control fully (e.g. copyleft/GPL-licensed software)



  20. Links 5/5/2021: Mesa 21.1 Released and New Releases of Python

    Links for the day



  21. Links 5/5/2021: StarLabs, GNU Zile 2.6.2, Fedora i3 Spin

    Links for the day



  22. Phony 'Scandals' From Phony 'News' Site ZDNet

    Steven J. Vaughan-Nichols continues the coup against the FSF (trying to separate it from its founder, Richard Stallman), funded by IBM and Microsoft to engage in libel at a marketing company-owned ‘news’ site called ZDNet



  23. Links 5/5/2021: Windows Security Breaches and GNU Pokology Launched

    Links for the day



  24. IRC Proceedings: Tuesday, May 04, 2021

    IRC logs for Tuesday, May 04, 2021



  25. Links 4/5/2021: Taiwins 0.3, KDE Plasma 5.21.5 Released

    Links for the day



  26. EPO Already Wasting Money on Media Manipulation Campaigns for European Inventor Award

    An online-only European Inventor Award 'event' is being used as a pretext/excuse to flood European publishers with money they can rightly perceive as 'hush money'; everyone out there with no spine would likely buckle at the sight of EPO euros and just produce mindless puff pieces that serve to distract from EPO corruption



  27. The Timing of This Melinda Gates Tweet Was Always Curious...

    Remarking on her trip to Africa, where the Gates family lobbies for monopolies on seeds (for profit or course, notably through Monsanto/Bayer, which the Gates family heavily invests in), she posted pure fluff and old photos. And it’s hard to believe she had nothing better to do at the time (better than such nostalgia). As we noted last year: “The above tweet of a beach was posted [by Melinda Gates] on the date of the arrest/search of their employee, who was at their residence at the time.” He was arrested around the very same time this tweet was posted. As we wrote last year (based on detailed documents obtained from the police department): “This tweet was posted 2 hours and 40 minutes after the door was breached and incriminating evidence collected.” He was arrested later that morning at the mansion of Bill and Melinda Gates (the police records contain detailed timelines to confirm the chronology). Melinda’s first name was also in the CP 'stash'.



  28. Media Frenzy Around Gates Divorce Helps Distract From Bill's Crimes

    The distraction from many Gates scandals is cushioned by yet another personal fluff; we would rather see investigative journalism pursuing real answers about real scandals



  29. IRC Proceedings: Monday, May 03, 2021

    IRC logs for Monday, May 03, 2021



  30. EPO Disregards Animal Welfare

    An often overlooked issue surrounding the second-largest institution in Europe is its impact on millions if not billions of animals; there's ongoing research into that


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts