Andy Powers Communiclique Court Delay
It appears that Andy Powers is still negotiating his plea bargain. It appears that the courts are not pursuing charges against the company’s former CFO Tim Lee and Chairman of the Board Ram Reddy. That’s a head-scratcher, how could the Chairman of the Board and CFO not know their company barely had any revenues? How could they not know that the company was hemorrhaging cash? Communiclique(aka Clique or Clique API) clearly appears to be a $50 – $70 million Ponzi scheme.
I don’t know if Tim Lee or Ram Reddy are guilty of any crime.
Based on paragraph 26 of the criminal complaint (see below), someone with the initials PR, likely Ram Ready whose legal name is, Parvathareddy Balarami Reddy claimed he just passed on information. He didn’t verify the accuracy?
26. P.R. was interviewed by the FBI and advised that all of the information he passed along to investors came directly from POWERS.
It appears PR asserted he passed on information that came directly from Powers and it infers that PR didn’t know the information he passed on to investors included bold-faced lies.
An attorney, John P. Rowley III of SCHERTLER & ONORATO, LLP, who claims to represent Ram Reddy in which R. Rowley asserts in a letter to me:
“Dr. Reddy lost a substantial sum of money as a result of Powers’ deceit and he is one of the main victims of Powers’ fraud scheme.”
It appears that Reddy who was Chairman of the Board of the company for over a decade and who promoted the company and helped raise money from investors now vigorously asserts he is just as much a victim as any other investor. It would seem he believes that he had no fiduciary responsibility as the Chairman of the Board of Communiclique to certify the validity of the information he innocently passed on to other victims.
I hope you all can join me to watch Andy Powers arraignment scheduled before Judge Rossie Alston on August 2, 2019, 11:00 AM at Alexandria Courtroom 601, Federal Courthouse, 401 Courthouse Sq, Alexandria VA.
July 29, 2019
U.S. Department of Justice
|Re:||United States v. Defendant(s) Andrew B. Powers
Case Number 2018R02532 and Court Docket Number 19-CR-00213
The enclosed information is provided by the United States Department of Justice Victim Notification System (VNS). As a victim witness professional, my role is to assist you with information and services during the prosecution of this case. I am contacting you because you were identified by law enforcement as a victim or potential victim during the investigation of the above criminal case.
The arraignment previously scheduled for defendant(s) Andrew B. Powers on August 2, 2019, 09:00 AM at Alexandria Courtroom 601, Federal Courthouse, 401 Courthouse Sq, Alexandria VA has been rescheduled by the court. VNS will continue to provide you with updated case scheduling and event information.
An arraignment is scheduled before Judge Rossie Alston on August 2, 2019, 11:00 AM at Alexandria Courtroom 601, Federal Courthouse, 401 Courthouse Sq, Alexandria VA for the case which involves defendant(s) Andrew B. Powers. The main purpose of this hearing is for the defendant to enter a plea to the charges filed in this case. Your attendance is not required. The government expects the defendant to enter a plea of not guilty at this hearing. If the plea is guilty, you will be notified.
Because of the Court’s schedule, hearing dates could change on very short notice. If you plan on attending, you may want to call the VNS Call Center or check the website to confirm the date and time. Please note, there is a 24-hour delay in information transfer to the website.
G. Zachary Terwilliger