Afinsa
A collectible-asset business built around promised repurchases, internal pricing and dependence on new money; followed by criminal, insolvency and cross-border proceedings.
Figure Eleven Foundation / Case Studies
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04matching entries
Coingate
How Ohio workers’ compensation money entered privately managed coin funds; how records exposed misuse; and why liquidation proceeds do not erase theft.
The Stanford fraud
Offshore certificates of deposit, concealed uses of investor money, repeated regulatory warnings and recovery proceedings spanning several jurisdictions.
Spectrum Wine
The 2012 Spectrum–Vanquish London auction, its connection to Rudy Kurniawan’s counterfeit-wine prosecution, and the corporate link to Afinsa.
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4 reports · Edition October 29, 2026
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Each report brings together a chronology, key people and institutions, financial measures, legal outcomes and analysis. Source references lead to the underlying records and reporting; discussion questions support evaluation of the evidence and conclusions.
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