Comments on: The Extraordinary Rise And Fall Of Denmark’s IT Factory http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/ Startup and Technology News Thu, 26 Nov 2009 10:26:17 -0800 hourly 1 By: Online Journalism Scandinavia: A blogging-journalist hero for Ada Lovelace Day | Journalism.co.uk Editors' Blog http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2667950 Online Journalism Scandinavia: A blogging-journalist hero for Ada Lovelace Day | Journalism.co.uk Editors' Blog Tue, 24 Mar 2009 18:36:52 +0000 http://www.techcrunch.com/?p=31394#comment-2667950 [...] “Denmark’s Best IT-company 2008″ by Danish Computerworld, as one big ponzi scheme: according to Techcrunch, sources assessed that up to 90 per cent of IT Factory’s turnover had been based on [...] [...] “Denmark’s Best IT-company 2008″ by Danish Computerworld, as one big ponzi scheme: according to Techcrunch, sources assessed that up to 90 per cent of IT Factory’s turnover had been based on [...]

]]> By: DEIXIS - pragmatic advice » Blog Archive » No Fun http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2655938 DEIXIS - pragmatic advice » Blog Archive » No Fun Sun, 15 Mar 2009 14:58:15 +0000 http://www.techcrunch.com/?p=31394#comment-2655938 [...] That’s very well done for a comedian in Denmark. So at that time, Finn Nørbygaard, as he is called, looked pretty much like the shrewd Jute (apart from the fact that the goose that was supposed to lay the golden eggs was a company called IT-Factory, whose business it allegedly was to sell licences for some Lotus Notes add-in or other, read more here). [...] [...] That’s very well done for a comedian in Denmark. So at that time, Finn Nørbygaard, as he is called, looked pretty much like the shrewd Jute (apart from the fact that the goose that was supposed to lay the golden eggs was a company called IT-Factory, whose business it allegedly was to sell licences for some Lotus Notes add-in or other, read more here). [...]

]]> By: salil http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2615633 salil Wed, 04 Feb 2009 03:26:36 +0000 http://www.techcrunch.com/?p=31394#comment-2615633 This article is based on hear-say events. What about 500-700+ employees wirking with IT factory and a number of associates. They were directly associated with clients, client engagement activities, software development and collection of bills. So all of it mentioned in the write-up is not true. I am sure there is a money spinoff from the IT factory accounts. These days media print/TV/web love to spice-up the story so that circulation or eye ball views or clicks increase. This article is based on hear-say events. What about 500-700+ employees wirking with IT factory and a number of associates. They were directly associated with clients, client engagement activities, software development and collection of bills. So all of it mentioned in the write-up is not true.

I am sure there is a money spinoff from the IT factory accounts.

These days media print/TV/web love to spice-up the story so that circulation or eye ball views or clicks increase.

]]> By: ‘Cloud-Rush’ Attracts Shady Characters | FutuLab http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2566000 ‘Cloud-Rush’ Attracts Shady Characters | FutuLab Sat, 13 Dec 2008 17:30:05 +0000 http://www.techcrunch.com/?p=31394#comment-2566000 [...] employees, customers, partners and creditors. It also is a black-eye for the tech industry. As TechCrunch reports, just this September the Danish version of Computerworld named IT Factory “Denmark’s Best IT [...] [...] employees, customers, partners and creditors. It also is a black-eye for the tech industry. As TechCrunch reports, just this September the Danish version of Computerworld named IT Factory “Denmark’s Best IT [...]

]]> By: Magaboco64 « Magaboco Podcast http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2565961 Magaboco64 « Magaboco Podcast Sat, 13 Dec 2008 16:36:38 +0000 http://www.techcrunch.com/?p=31394#comment-2565961 [...] En lille dansk virksomhed er nævnt på TechCrunch. Godt nok ikke for noget positivt, men så fik vi da lille DK på [...] [...] En lille dansk virksomhed er nævnt på TechCrunch. Godt nok ikke for noget positivt, men så fik vi da lille DK på [...]

]]> By: boethius http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2564750 boethius Fri, 12 Dec 2008 10:05:15 +0000 http://www.techcrunch.com/?p=31394#comment-2564750 Let's give credit where it's due - Enron was accounting fraud on a MUCH larger scale than this. Enron was a huge, billion dollar company. Let’s give credit where it’s due – Enron was accounting fraud on a MUCH larger scale than this. Enron was a huge, billion dollar company.

]]> By: IT Factory’s Bagger Super Sorry For The Massive Fraud | Top Tech News, LIVE http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2564713 IT Factory’s Bagger Super Sorry For The Massive Fraud | Top Tech News, LIVE Fri, 12 Dec 2008 09:24:14 +0000 http://www.techcrunch.com/?p=31394#comment-2564713 [...] beginning of what promises to be a fascinating story (and possibly a Hollywood movie) around the rise and fall of Denmark’s IT Factory is starting to emerge. In late November celebrated CEO Stein Bagger went missing in Dubai - it [...] [...] beginning of what promises to be a fascinating story (and possibly a Hollywood movie) around the rise and fall of Denmark’s IT Factory is starting to emerge. In late November celebrated CEO Stein Bagger went missing in Dubai – it [...]

]]> By: IT Factory’s Bagger Super Sorry For The Massive Fraud http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2564679 IT Factory’s Bagger Super Sorry For The Massive Fraud Fri, 12 Dec 2008 08:35:47 +0000 http://www.techcrunch.com/?p=31394#comment-2564679 [...] beginning of what promised to be a fascinating story (and possibly a Hollywood movie) around the rise and fall of Denmark’s IT Factory is starting to emerge. In late November celebrated CEO Stein Bagger went missing in Dubai - it [...] [...] beginning of what promised to be a fascinating story (and possibly a Hollywood movie) around the rise and fall of Denmark’s IT Factory is starting to emerge. In late November celebrated CEO Stein Bagger went missing in Dubai – it [...]

]]> By: An opinion on events important to all » How did you connect me with him? http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2559760 An opinion on events important to all » How did you connect me with him? Sun, 07 Dec 2008 20:50:52 +0000 http://www.techcrunch.com/?p=31394#comment-2559760 [...] http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/ [...] [...] http://www.tech...rks-it-factory/ [...]

]]> By: IT Factory’s Bagger Arrested In California After Worldwide Search | American News World - News And Technology http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2559316 IT Factory’s Bagger Arrested In California After Worldwide Search | American News World - News And Technology Sun, 07 Dec 2008 03:30:40 +0000 http://www.techcrunch.com/?p=31394#comment-2559316 [...] update on our previous article about bankrupt Danish company IT Factory and its missing managing director Stein Bagger: Bagger [...] [...] update on our previous article about bankrupt Danish company IT Factory and its missing managing director Stein Bagger: Bagger [...]

]]> By: IT Factory’s Bagger Arrested In California After Worldwide Search http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2559308 IT Factory’s Bagger Arrested In California After Worldwide Search Sun, 07 Dec 2008 03:12:58 +0000 http://www.techcrunch.com/?p=31394#comment-2559308 [...] update on our previous article about bankrupt Danish startup IT Factory and its missing managing director Stein Bagger: Bagger [...] [...] update on our previous article about bankrupt Danish startup IT Factory and its missing managing director Stein Bagger: Bagger [...]

]]> By: IT Factory’s Bagger Arrested In California After Worldwide Search http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2559307 IT Factory’s Bagger Arrested In California After Worldwide Search Sun, 07 Dec 2008 03:12:57 +0000 http://www.techcrunch.com/?p=31394#comment-2559307 [...] update on our previous article about bankrupt Danish startup IT Factory and its missing managing director Stein Bagger: Bagger [...] [...] update on our previous article about bankrupt Danish startup IT Factory and its missing managing director Stein Bagger: Bagger [...]

]]> By: Dennis Bjørn Petersen http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2556517 Dennis Bjørn Petersen Thu, 04 Dec 2008 14:30:48 +0000 http://www.techcrunch.com/?p=31394#comment-2556517 Oh yeah and I nearly forgot: You can now play Stein Bagger - The Match Game. http://www.steinbagger.dk/ Oh yeah and I nearly forgot: You can now play Stein Bagger – The Match Game.

http://www.steinbagger.dk/

]]> By: Dennis Bjørn Petersen http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2556401 Dennis Bjørn Petersen Thu, 04 Dec 2008 12:28:18 +0000 http://www.techcrunch.com/?p=31394#comment-2556401 Stein Bagger is now officially charged for fraud and forgery worth over $150 million! He is now wanted by the Danish police. Stein Bagger is now officially charged for fraud and forgery worth over $150 million!

He is now wanted by the Danish police.

]]> By: Investments » Major Danish IT Fraud Case - CEO Runs Away ! http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2556166 Investments » Major Danish IT Fraud Case - CEO Runs Away ! Thu, 04 Dec 2008 08:07:27 +0000 http://www.techcrunch.com/?p=31394#comment-2556166 [...] is an amazing story of fraud within the Danish information technology sector and a system that did not react until it [...] [...] is an amazing story of fraud within the Danish information technology sector and a system that did not react until it [...]

]]> By: LameList.com » Real Life Scandals, Swindles and Secrets http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2556125 LameList.com » Real Life Scandals, Swindles and Secrets Thu, 04 Dec 2008 07:36:40 +0000 http://www.techcrunch.com/?p=31394#comment-2556125 [...] TechCrunch: “Last week, Danish Computerworld awarded IT Factory … with the prestigious Denmark’s [...] [...] TechCrunch: “Last week, Danish Computerworld awarded IT Factory … with the prestigious Denmark’s [...]

]]> By: Thorbjørn Aksel Nielsen http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2555825 Thorbjørn Aksel Nielsen Thu, 04 Dec 2008 02:39:24 +0000 http://www.techcrunch.com/?p=31394#comment-2555825 Another error. As far as I am concerned (and I have been following the news about this pretty close), there are still no reports on Heels angels executing the assault, but the one who got assaulted says that when he was assaulted, the people executing told him that they were some of Stein Baggers friends... ...far fetched, eh? This is some crazy stuff. "Carl Freer was a part of Gizmondo right?" Yes. To those who do not know what Denmark is: http://en.wikipedia.org/wiki/Denmark Another error.
As far as I am concerned (and I have been following the news about this pretty close), there are still no reports on Heels angels executing the assault, but the one who got assaulted says that when he was assaulted, the people executing told him that they were some of Stein Baggers friends…

…far fetched, eh?

This is some crazy stuff.

“Carl Freer was a part of Gizmondo right?”
Yes.

To those who do not know what Denmark is:
http://en.wikip...rg/wiki/Denmark

]]> By: <fb:name linked="false" useyou="false" uid="1248727793">Ped Xing</fb:name> http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2554879 Ped Xing Wed, 03 Dec 2008 18:59:53 +0000 http://www.techcrunch.com/?p=31394#comment-2554879 Wow. Wow.

]]> By: Tom Blue http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2554709 Tom Blue Wed, 03 Dec 2008 17:04:06 +0000 http://www.techcrunch.com/?p=31394#comment-2554709 What about DEN? http://en.wikipedia.org/wiki/Digital_Entertainment_Network What about DEN? http://en.wikip...ainment_Network

]]> By: Jens Møller Nielsen http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2554490 Jens Møller Nielsen Wed, 03 Dec 2008 12:31:34 +0000 http://www.techcrunch.com/?p=31394#comment-2554490 There are numerous factual errors in this story. Here's a summary of the events as of Tuesday: http://www.infoworld.com/news/feeds/08/12/02/Danish-software-company-goes-bankrupt-as-CEO-disappears.html Also IT Factory was given the mentioned award in September - not last week. The award was based on independently audited financial reports - based on numbers that now appear to have been falsified. Finally you should note that Computerworld Denmark has worked closely with Danish IT journalist and blogger Dorte Toft in this investigation: http://bizzen.blogs.business.dk/ Best regards Jens Møller Nielsen Computerworld Denmark There are numerous factual errors in this story. Here’s a summary of the events as of Tuesday: http://www.info...disappears.html

Also IT Factory was given the mentioned award in September – not last week. The award was based on independently audited financial reports – based on numbers that now appear to have been falsified.

Finally you should note that Computerworld Denmark has worked closely with Danish IT journalist and blogger Dorte Toft in this investigation: http://bizzen.b...gs.business.dk/

Best regards

Jens Møller Nielsen
Computerworld Denmark

]]> By: Ridiculous http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2554488 Ridiculous Wed, 03 Dec 2008 12:27:47 +0000 http://www.techcrunch.com/?p=31394#comment-2554488 Dude, That is just totally flubbed up. Tired of muslims so go to the United Friggin Arab Emirates (no muslims there I presume). Dumbarse... Dude,

That is just totally flubbed up. Tired of muslims so go to the United Friggin Arab Emirates (no muslims there I presume).

Dumbarse…

]]> By: Correction http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2554454 Correction Wed, 03 Dec 2008 11:31:58 +0000 http://www.techcrunch.com/?p=31394#comment-2554454 that is just pathetic Duude... or should I say Reetaard! that is just pathetic Duude… or should I say Reetaard!

]]> By: Duude http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2554056 Duude Wed, 03 Dec 2008 03:17:13 +0000 http://www.techcrunch.com/?p=31394#comment-2554056 yeah tells you a lot about the ernst & young award... they are full of it as much as this danish guy.. sorry if that award would mean anything they'd at least do some basic research yeah tells you a lot about the ernst & young award… they are full of it as much as this danish guy.. sorry if that award would mean anything they’d at least do some basic research

]]> By: Nicki Brøchner Nielsen http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2553968 Nicki Brøchner Nielsen Wed, 03 Dec 2008 01:36:06 +0000 http://www.techcrunch.com/?p=31394#comment-2553968 Well not only did they win the Danish Computerworld awarded. But the they also won ( And now lost ) the even more prestigious Ernst & Young's Entrepreneur Of The Year. I really don't think that it where that they had in mind when they called him an Entrepreneur ;P - Link: http://translate.google.com/translate?u=http%3A%2F%2Fpolitiken.dk%2Ferhverv%2Farticle605783.ece&hl=en&ie=UTF-8&sl=da&tl=en Well not only did they win the Danish Computerworld awarded. But the they also won ( And now lost ) the even more prestigious Ernst & Young’s Entrepreneur Of The Year. I really don’t think that it where that they had in mind when they called him an Entrepreneur ;P – Link: http://translat...sl=da&tl=en

]]> By: Allen Young http://www.techcrunch.com/2008/12/02/the-extraordinary-rise-and-fall-of-denmarks-it-factory/comment-page-1/#comment-2553914 Allen Young Wed, 03 Dec 2008 00:12:32 +0000 http://www.techcrunch.com/?p=31394#comment-2553914 http://www.marketwatch.com/news/story/Media-Power-Addresses-Events-Surrounding/story.aspx?guid=%7B53C068CB-3D41-4AD7-981A-8604861C8DD8%7D http://www.mark...8604861C8DD8%7D

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