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...

Andy Powers Communiclique (CliqueAPI) Criminal and Bankruptcy Court Update

According to Andy Medici of the Washington Business Journal, federal prosecutors are working with Andy Powers, CEO of Communiclique, AKA Clique API on a plea deal. The article which is behind a paywall states: “The parties in this case are exploring a pre-indictment guilty plea,” the joint motion reads. "The parties are working diligently, however, the investigation in this case covers a period of several years and the financial evidence is voluminous." The government is represented in the case by Federal Prosecutor, Jack Handy. Powers' requested a public defender, which is usually only supplied to indigent defendants. Powers is represented by Eugene Gorokhov of the white-collar criminal defense firm Burnham & Gorokhov. It is not clear if they Gorokhov was assigned the case as a public defender or if Powers is footing the bill (For more information about the case see this post). Whoever is footing the bill appears to be getting their money's worth as Powers has ceased many of his bonehead actions.  Powers has clammed up. He did not respond to Andy Medici's request for comment and he got rid of moronic blog posts in which he admitted his guilt. For instance, back in May of 2019, Andy Powers wrote a post, admitting...

Jennifer Mellon Generously Donates Stolen Money

Jennifer Mellon, the co-founder, former President and Board Member of Trustify, a company that was an elaborate Ponzi Scheme that bilked investors out of $18 million dollars. Investors in Trustify accuse Danny Boice and Jen Mellon of embezzling and defrauding investors out of millions of dollars. While the company had very little revenue, Jennifer Mellon and Danny Boice paid themselves $200K per year each. It is alleged that Mellon and Boice transferred $750 thousand from Trustify into another account. The couple allegedly used investor money to buy a $1.6 million home in Alexandria, Virginia and a million dollar vacation home in NJ. They traveled the world in a private NetJet, taking elaborate vacations with company money. Had a company paid, maid, nanny, groundskeepers, and chauffeur. Millions of investor cash evaporated into thin air thanks to Jen Mellon and Danny Boice. Jennifer generously donated investor money to charities like the Campagna Center. She leveraged those investments to develop a relationship with an active member of the Compagna team, Rebbeca Chatterjee. Then Jennifer Mellon leveraged that relationship to land a job with Ms. Chatterjee's husband, Neil Chatterjee, the commissioner of FERC. Mellon was generous with the money she stole from investors and she used...

Clique’s Andy Powers Securities Fraud Victim Letter

This week, victims of the Clique, Securities Fraud case were sent the following letter regarding the case and their status. If you are a victim of this fraud known as Communiclique (AKA Clique API) and didn't receive this email, you might want to get in touch with the Justice Department. I don't understand what happened to Ram Reddy, Clique API (AKA Communiclique) Chairman of the Board and Tim Lee the company's CFO. For instance, according to the lawsuit below Ram passed on fraudulent data in order to motivate others into purchasing shares of Communiclique. I'm not an attorney, but I was under the impression that gross lies about the revenue, client wins and valuation of a company in order to sell stock in a company was the definition of security fraud. It's hard to fathom that the CFO and Chairman of the Board for over a decade, had no visibility into the companies books. That's difficult to fathom but it's possible. Maybe he was just negligent or stupid. Ram Reddy categorically denies the allegations. According to John Rowley, Reddy's attorney, "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...

Chapter 7 Hearing Schedule for Andy Powers Clique Bankruptcy

For those interested Creditors in the Andy Powers, Clique Bankruptcy Hearing, here are the highlights. If you're new to the story, in last month, a bankruptcy court in Deleware found Communiclique (AKA Clique API) bankrupt and the judge found that Andy Powers had attempted to defraud the court and forwarded a complaint to the US Attorney's office. Since that Time Andy Powers (Andrew Brent Powers) was arrested by the FBI and last week Andy Powers was arraigned in the Eastern District Court of Virginia for fraud and embezzlement. Powers claimed he was indigent and was granted a public defender. The public defender will face US Attorney, Jack Hanly. For you creditors in the Andy Powers Communiclqiue $50 million Ponzi Scheme, here is next week's court schedule. 11:00 AM, Friday, June 21, 2019 - Presiding Judge, Honorable Kevin Gross 19-10573-KG CommuniClique, Inc. Chapter 7 - Motion to Approve Motion of Alfred T. Giuliano, Chapter 7 Trustee for Order (1) Extending Time for the Debtors to File Schedules and Statement of Financial Affairs, and (2) Upon the Debtors Failure to File within the Extension Period Authorizing But Not Requiring Chapter 7 Trustee to Prepare and File Debtors Schedules and Statement of Financial Affairs, and Approving Trustees Reimbursement...

Communiclique’s Andy Powers Thinks He’s Tinkerbell

Communiclique (AKA Clique, CliqueAPI) is dead. A judge declared it so (see post). Like the story of Peter Pan, Communiclique was always a fantasy story. Now, that the story has ended, Andy Powers keeps putting out press releases in an attempt to convince potential investors that Communiclique exists and Andy is a businessman instead of a common criminal. Remember that part of Peter Pan where Peter implores anyone who will listen to declare their belief in fairies? That was the only way to bring Tinkerbell to come back to life. Andy Powers thinks he's Tinkerbell and if he keeps asking for applause his company will not die and he will not find himself in Prison. Andy thinks he's a Fairy and he needs an audience to show they believe in fairies. Now before I go on, I want to give a message to Andy Powers children's classmates. I hear that you are teasing his kids mercilessly because of the crimes of the father. I know you kids are reading this. Please lay off. The Powers kids are not guilty of the crimes of the father. In fact, they are innocent victims. Help them don't hurt them. Show that you have compassion. Now...