Tag Archives: bankruptcy

HumanCharger’s “global breakthrough” fake

Last autumn I came across a deceptive piece praising Valkee and its HumanCharger at goodnewsfinland.com (part of Finpro, a state-run agency). I complained to the editors about the fake news they spread, prompting them to delete most of the misinformation from the text. It took several weeks, and there is no mention of the changes in the article.

The diff is documented here, as a perfect example of how Valkee deceives others, which in turn deceive people about the HumanCharger.


The Interbrand report of 2017’s “breakthrough brands” was a marketing stunt for the HumanCharger. In the small print, the report admits that companies could submit themselves and their stories were not challenged (p. 61f in the PDF). An embarrassing glitch for Interbrand: They faithfully listed what Valkee said, although the company should not be even in there. The limit for inclusion was 10 years in business and the HumanCharger company was already older than 10 years – it was founded in February 2007, and the product is even older.

Then it gets absurd: Interbrand has never “valued HumanCharger’s brand at 64,67 million”. Impossible – it’s a known scam, and as such, a toxic brand in Finland and most of Europe. The 65 million was, back in 2013, the valuation, i.e. investors paid ~10 million for a 16% stake, which put the whole company in theory at 65 million.

This is fairly outdated. Valkee lost its share capital and is now worth Zero.

65 million x 0/share = 0

That the earlight does not work by “stimulating the brain” is clear, at least to everybody who had ever to do with neuroscience. Silently deleted.


The name of the notified body or its claimed image doesn’t tell anything about the earlight. It just looks better, when it’s in Germany. Changed.

Valkee’s CEO Aki Backman then claimed that the FDA somehow testified that HumanCharger is harmless. That’s a breathtaking misrepresentation. In reality, they could not provide evidence for the device’s health claims. Therefore it got no approval as a medical device, but fell in the underclass “General wellness” category. As such, the device cannot give any kind of (light) therapy despite misleading advertisements. Deleted.


“Breakthrough brand” is a struggling micro-business

The aging scam company meets the tight finnish criteria for a micro-business and is therefore exempt from certain standards in financial reporting. The firm uses this in its balances and managed to survive to this day – being technically bancrupt – as detailed in its 2/2017 balance. A mysterious person has recently pumped millions of private funds into Valkee, to keep it alive.

Earlightswindle.com makes the balances traditionally available to the public. Here it is.

Valkee-balance 2017 (PDF)

Valkee Ltd collapses as predicted: All share capital lost

UPDATE: My original story has reached more than 500.000 800.000 readers.

The finnish trade register has just announced, that the HumanCharger manufacturer Valkee Ltd has lost all of its share capital. That means, that all of the company’s ressources are depleted, and new capital is not in sight – not even theoretically.


In other countries, the firm would have to file for immediate insolvency or bankruptcy, which is regulated in the same chapter of finnish corporate law.  In Finland, however, business could go on for a while – under extreme conditions, as purchases must all be paid in advance, and credits are stroke off. All business partners are now informed officially, that Valkee cannot fulfil upcoming liabilities.

Because of the consequences, such a notification is usually done in the least possible moment. It may be driven by the fact, that management and owners can be held liable personally from now on, if they don’t declare the final state publicly.

If anyone has claims against Valkee Ltd, now is the time to demand.

Personally I think, that the company will exist on paper for a few months, until its chairman Timo Ahopelto resigns from the board of TEKES, Finland’s tax-financed innovation funding agency. TEKES has shot in more than 100.000€ last year into Valkee, despite the obviously desperate state of the company, which was strictly documented in the 2016 balance.

Probably it’s the political dimension of the case. The snail media will report more soon. The source is earlightswindle.com – just in case they “forget” it again. /-Ed.

Valkee ist pleite

Wie die finnische Registerbehörde PRH gestern mitteilte, hat der Ohrleuchtenhersteller Valkee Oy aus Oulu am vergangenen Donnerstag den Verlust des gesamten Stammkapitals gemeldet.


Während nach deutschem Recht die Gesellschafter zum sofortigen Insolvenzantrag verpflichtet wären, kann die Firma in Finnland unter Umständen fortgesetzt werden. Wegen der Auswirkungen auf die Geschäftstätigkeit (Einkäufe nur noch gegen Vorkasse, Kündigung von Kreditlinien, usw.) ist aber eine Insolvenz mit Gläubigerschutz und Sanierungsversuch oder ein direkter Konkurs wahrscheinlicher. [s. Abschnitt 20, §§23-25 des finnischen Kapitalgesellschaftsgesetzes: Stammkapitalverlust, Insolvenz und Konkurs]

Die Meldung über den Stammkapitalsverlust erfolgt in der Regel zum allerletzten rechtlich möglichen Zeitpunkt. Unterbleibt die Anzeige, oder erfolgt sie zu spät, können Geschäftsführung und Gesellschafter im Falle des Konkurses in Anspruch genommen werden. Hiermit zeigen demnach die Verantwortlichen bei Valkee an, dass sämtliche finanziellen Möglichkeiten ausgeschöpft sind, und sie nicht persönlich haften wollen.

Da das Schicksal von Valkee in Finnland wegen der Verwicklung der Regierung politische Bedeutung hat, könnte die Skandalfirma auf dem Papier noch fortbestehen – etwa bis zum Sommer 2017, wenn der Firmenchef Timo Ahopelto vom Leitungsgremium der Innovationsförderungsbehörde TEKES zurücktritt. TEKES hat im letzten Jahr noch über 100.000 € in Valkee nachgeschossen, obwohl die Geschäftsführung öffentlich zugegeben hat, dass die Ohrleuchtengeräte in Finnland unverkäuflich sind und der sinkende Auslandsumsatz maximal 1/4 der Kosten deckt.

Wenn Sie noch Ansprüche an die Firma Valkee haben, dann ist jetzt der Zeitpunkt, sie anzumelden. Das Zeitfenster kann sich bald schließen.