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> Pirate Bay Financier Files For Bankruptcy, Focus Shifts To Peter Sunde 
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post 20. Sep 2012, 12:03
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Following their earlier convictions for copyright infringement, Pirate Bay co-founders Gottfrid Svartholm and Fredrik Neij, former site spokesman Peter Sunde, and financier Carl Lundström all owe a considerable amount in damages.


Collectively the four originally owed 46 million kronor ($7.03m) to the movie and recording company plaintiffs in the case to compensate them for their claimed losses. However, as revealed earlier this year, due to added interest that amount has been growing since May 31, 2006.


By February 2012 it had reached 73 million kronor ($11.16m) but today another 3 million kronor can be added to that, making a total to date of $11.62m.


But despite these ever-growing telephone-number sized figures, it’s looking increasingly unlikely that the recording and movie studios will recover any significant amount from any of the four.


Last month, movie company Yellow Bird asked the Stockholm District Court to declare Fredrik Neij bankrupt in the hope of recovering at least some funds from the Pirate Bay founder. Neij informs TorrentFreak that there’s not much to take.


And now, former Pirate Bay financier Carl Lundström has effectively given up on his existing financial position by filing for bankruptcy in Switzerland, his home since 2008. He submitted his application during the summer and the date for creditors to submit their claims has now expired.


Lundström made a fortune in the 1980s when the Wasabröd family business was sold for around 77 million kronor ($11.77m). He made another 35 million kronor ($5.35m) when his telecoms company Port80 was sold to Phonera. However, a string of deals gone wrong over a 15 year period saw Lundström lose an estimated 50 million kronor ($7.65m).


“I like to draw on the fun things in my life, but the bad things, I prefer to get over as soon as possible,” Lundström told FriaTider.


While Lundström would not be drawn on whether he is still in contact with any of the former Pirate Bay crew, he did respond to the question of whether he had any regrets of becoming involved with the site.


“Actually not. The project was legal when it started and as long as I supported it,” he said.


“The picture that Fredrik Neij painted to me when we met almost 10 years ago became reality – The Pirate Bay became the largest site of its kind. The fact that Swedish courts do not follow Swedish law is nothing that I can undo.”


As for the future, Lundström says he will start again from the bottom. He has $1,000 which he will use to start trading currencies, something he expects could make a good return should current European monetary cooperation break down.


But now it seems that the eyes of the entertainment industry are turning towards former Pirate Bay spokesman Peter Sunde. Movie studio lawyer Monique Wadsted has written to Sweden’s Enforcement Authority asking them to look into Sunde having financial interests in micro-payment company Flattr.


“[The facts suggest] that Peter Sunde Kolmisoppi receives dispensable salary / consulting fees and / or directors’ fees for his services,” Wadsted wrote.


“He still indirectly, probably through Karbon Ventures Ltd and its owner The Chromatic Trust, owns shares in Flattr and / or has received compensation for sale of shares in Flattr.”


Speaking with Ny Teknik, the head of IT company Kvittar AB confirmed that Sunde also has an interest in her business.


“His company Karbon Ventures owns 15 percent of the shares,” CEO Anna Oscarsson said.


For years, Sunde and his co-defendants have insisted that the plaintiffs in the Pirate Bay case will not see a penny of the damages they were awarded. Time will tell if that prediction comes true.


Source: Pirate Bay Financier Files For Bankruptcy, Focus Shifts To Peter Sunde



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