Attention Law Enforcement – Matthew Pugsley Chalant Health

Attention law enforcement, be warned that Matthew Pugsley, Chalant Health, CEO is on the prowl. There was a time where he took an actual job. It appears that he lost that job and is back raising money for his company that is a total scam (see this post). Matt's been evicted again and is seeking a new place to rent. Landlords be careful, this guy has been evicted for non-payment of rent about a dozen times (see post). By the end of this week, Matthew Pugsley, Chalant Health CEO, may get free rent. He is likely to get 3 hots and a cot for being seriously in arrears on child support. Meanwhile, while not paying child support this scofflaw is a big spender when he goes out on the town (see this post). Here's a warning to landlords and prospective employees who are thinking about working for Matthew Pugsley, Chalant Health CEO, think twice. Here's a recent message I received from someone claiming to be a former employee. I just your articles about the con-man Matthew Pugsley. He is a horrible person who conned young naive sonographers fresh out of school into jobs, came up with a million and one excuses on why he...

Buckley Law wins Legal Judgement Against Trustify

Another legal judgment against Trustify is added to the pile. The once high-flying, never high-achieving, always unethical DC area startup has crumbled under the weight of hubris and debt. Buckley's award is just another loss in court. This latest judgment is for $245,945 awarded to Trustify's former law firm Buckley LLP.  It sucks for Danny Boice, Jennifer Mellon, and Trustify because no one with the possible exception of El Chapo needs a lawyer more than these crooks and yet most good attornies like to get paid. Legal Judgment Against Trustify $245,945 - Buckley LLP: Trustify's former law firm was awarded a legal judgment against Trustify for 2 years of legal bills. How the hell do you let a shady client rack up $250 thousand in fees and keep servicing them? In someway I want lawyers this stupid that they don't care if you pay them a quarter of million dollars or not and in other ways when I need an attorney, I'd rather hire one with common sense. $263,478 - JBG Smith: Trustify's former landlord awarded a legal judgment against Trustify for back rent $34,708 - Eight Former Employees:  Eight employees sued and won back wages. Here's hoping they can find...

Exec Cranky Rants On AdvisoryCloud Scam (Formerly ExecRanks)

Can we talk about the AdvisoryCloud Scam? Mind if I get Exec Cranky about the AdvisoryCloud Scam? First off what is AdviosryCloud and what is the AdvisoryCloud Scam (There ya go, I think I made enough AdvisoryCloud Scam references to get a good SEO ranking when people google  AdvisoryCloud Scam)? Advisory Cloud is a company that charges people who want a board seat but don't have the reputation, network, and/or credential to qualify to sit on a board, thousands of dollars to sit on their butts, twiddling their non-board advisory thumbs while waiting an eternity to become board members to non-existent companies (That should be their elevator pitch). Their clients are put on a list that is most likely longer than the waiting list of people who signed up five years ago for the LifeFuels Connected IoT Kool-Aid bottle from Jonathon Perrelli. People on either list have a better chance of getting rich by investing in Danny Boice and Jennnifer Mellon's Trustify than they do of ever being interviewed for a board seat or holding a LifeFuels bottle. They would have a better chance of being funded by Jason Feimster. They would have better odds of finding a thoughtful blog post on the...

Danny Boice and Jennifer Mellon Real Estate Shenanigans

Attention Police! Attention Authorities! Attention Anchorage Capital, other dopey Trustify Investors, and Trustify Creditors.  Be aware of the latest Danny Boice and Jen Mellon shenanigans. To catch up the readers new to this continuing saga, Danny Boice and Jennifer Mellon started their life of crime, fraud, and embezzlement together by bamboozling investors into dumping $18 million in their company called Trustify. Danny Boice and Jennifer Mellon then used that money as their personal piggy bank. Among other things, they used investor money to purchase this lovely house for $1.625 million in Alexandria, Virginia. Which according to Redfin is now for sale for $1.675 million. The house has been for sale since January 2019 and the price has dropped $100 thousand. Then Jen Mellon and Danny Boice took investor money and purchased a beach house in Sea Isle, NJ. This sweet little vacation home with 5 bedrooms, 5 full baths, and one 1/2 bath located at 14 73rd West, Sea Isle City, NJ – Built in 2017, this house features a private elevator, landscaped backyard, One master suite, and two junior master suites. The two middle bedrooms are separated by a shared full bathroom. And then wonder of wonders, another group of shady transactions show up. Jennifer...

Anchorage Capital Committed Fiduciary Malfeasance

A private equity company called Anchorage Capital is suing Trustify. They think they were cheated. To my eye, it appears that Anchorage CEO, Lance Ulrich, and junior, master of the universe wannabe, Adam Besvinick cheated Anchorage's limited partners. Anchorage Capital Committed Fiduciary Malfeasance when they invested in a steaming turd called Trustify. If you are a limited partner invested in Anchorage Capital, this tale might just give you pause. In May 2017, Anchorage Capital invested slightly over $4.7 million in the A-round of a little DC-based company called Trustify. Trustify raised just under $7 million in their prior two seed rounds, $1.9 million on October 30, 2015, and $5 million in a second seed round on October 30, 2015. The terms of the A-round bogle the mind. Sources say that a rookie VC, Adam Besnivick, shepherded the deal for Anchorage. Rookie-hood can be the only excuse for the unforced errors of that investment. Let us take stock of all the mistakes made by Anchorage and all the red flags they ignored. Lead Investor Malfeasance - At $4.7 million of a $7 million round. You would think that anyone making such a relative sizeable investment in the first institutional round of a company would...

Jennifer Mellon FERC

Jennifer Mellon FERC. Federal Energy Regulatory Commissioner, Neil Chatterjee, hired Jen Mellon, a woman absent any positive business accomplishments of note, with no educational qualifications, and no real-world experience. It boggles the mind to think that Mellon, who in her two last roles, ran two organizations into bankruptcy is somehow qualified to be the commissioner's confidential assistant. I don't blame you, Neil Baby, I'd keep it confidential too, if I had hired my wife's friend and that friend was eminently unqualified for the job, I'd want that to be confidential too. Check out her resume. Jennifer Mellon FERC, has absolutely no background nor education in energy.  Jennifer's only successful experience to date was separating investors and charitable donors from their cash.  Over the years Jen Mellon has been living large spending other peoples money. She's stolen money from charitable donors, investors, and now she' has the opportunity to steal from taxpayers. Jennifer Mellon FERC, last two jobs ended in disaster. Mellon graduated from Bucknell University with a B.A. degree in international relations and Chinese in 2004. After graduating, Jen Mellon joined the Joint Council on International Children's Services, an organization that was founded in the 1970s and succeeded to continuously operate until Jennifer Mellon took the helm as executive...

Communiclique Bankruptcy (AKA: CliqueAPI)

Communiclique Bankruptcy? It looks like the investors believe a Communicliaque Bankruptcy is warranted.  On Friday, March 15, 2019, several investors petitioned a Deleware court to involuntarily take the company into Chapter 7, bankruptcy (see what a Virginia Court found about the fraud Andy Powers and his team perpetrated at Communicliqe). The case was filed by Attorney Daniel A. O'Brien, of the firm Venable LLP, representing creditors/investors: Andrew and Jamie Schwartzberg, Keith Hladek, Stonehaven Capital, Erik Sachwitz, Philip Lowit, Adam Stern, Robert Mitchell Pons, and the Paitaridis Children Family Trust. In one month, two of DC's scummiest bags are being attacked and forced into bankruptcy by their investors. Danny Boice of Trustify (see article) and Andy Powers of Communiclique were litigated into bankruptcy when their investors finally had a moment of clarity and realized they had invested in sham fake bullshit Potemkin Village-esque companies   What does a Communiclique Bankruptcy have in common with Trustify's Bankruptcy (check out the crime family post here)? [caption id="attachment_81076" align="alignright" width="243"] Andy Powers (kneeling) and Danny Boice all prison-tatted ready[/caption] Both companies were founded by criminals. Both Danny Boice and Andy Powers are pathological liars and crooks. Both companies existed to take investor money and put it into the pockets to fund a high-life...

Another Trustify Lawsuit – Anchorage Capital VS Trustify and Danny Boice

Another Trustify Lawsuit and big trouble for Danny Boice and Jen Mellon as this suit alleges fraud and embezzlement among other charges. Some highlights: 2. Anchorage has sound reason to believe that its substantial investment in Trustify is being squandered and its rights as a stockholder are being materially, irrevocably, and adversely affected through Trustify's abandoning of its business and through the fraudulent and negligent actions of Trustify's Chief Executive Officer, Daniel K. Boice ("Boice"), and its other officers (Cranky Not: Jen Mellon, you are an other officer a VP, a "Co-founder" and a board member). 3. In May 2017, Anchorage purchased 2,408,599 shares of Trustify's Series A Preferred Stock at a price of $1.9721 per share, for an aggregate investment of $4,749,998.09. 5. Moreover, a number of Trustify's board members have suddenly resigned and one has even retained separate counsel, Trustify's corporate headquarters have been shuttered and abandoned, and Anchorage has uncovered malfeasance, mismanagement, breaches of fiduciary duty, and fraud relating to the funds received by Trustify as part of its stock offerings into which Anchorage has invested. 13. The majority of Trustify's board members also resigned during this same time, including Boice's co-founder and wife, Jennifer Mellon. While Trustify's investors were able to communicate with the...

More Jason Feimster Plagiarist – Conman and Fake VC

Unfortunately for the World, Jason Feimster, Plagiarist, Conman and Fake VC is back (check out 3sI Phony VC). His web site is back up and this semi-literate, conman is continues to steal other people writing and present it as his own (see this post about his prior plagiarism foibles). If Jason Feimster ever had an original thought it would die of loneliness. That must be why this guy steals other peoples work. There was a while where his low-rent, Wix website went down...