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...

How Did Smart People Get Suckered By An Obvious Moron Like Andy Powers of Communiclique

Today's Washington Business Journal (WBJ) features a much better article by Andy Medici than the one I wrote yesterday (see mine here).  In Medici's article he reports he received several emails from the common criminal, Andy Powers. Powers was arrested by the FBI yesterday. Later that afternoon Powers reportedly entered into an email exchange with Medici. In the conversation, Powers confirmed his arrest and said he was released on his own recognizance on an unsecured bond.  This email exchange between Powers and Medici, reveals Powers to be a full whiny little bitch, gone Tinkerbell Mode. You know Peter Pan's Tinkerbell...

What Did Bucknell Alumni Association Do With Jen Mellon?

When Jen Mellon was the President of Trustify she reportedly spent over $800 thousand on PR efforts. Most of that money was directed to pump up her public persona and build her fame. Today all of that is tumbling down. Everything Mellon touches turns rotten. Today, Jennifer Mellon, parlayed Trustify Investor-funded PR to land a job she is totally unqualified for as the confidential assistant to Niel Chatterjee, of FERC. Will Mellon's long unending record of failures continue at FERC and bring down the US Government? Let's make sure we're all on the same page of Jennifer Mellon's accomplishments before we move on to her latest achievement in Failure. Executive Director of Failed 40-Year-Old Charity - According to Jen Mellon's LinkedIn page (since removed but here is a copy Profile Jen Mellon - linkedin feb 19) Jennifer Mellon was the executive director of the Joint Council On International Children's Services (JCICS). Shortly after Mellon left the organization and quite probably the reason she left, Pound Pup Legacy, an adoption industry watchdog reported the organization was financially failing and leaked this internal document. The damage inflicted on the JCICS by Mellon proved fatal. The organization is gone...

Love Your Haters

You have to love your haters. If you're a person of principle. If you're true to your values. Then you have to love your haters. That's the reason I was flattered the other day when a semi-literate, inarticulate, hater created a web site that pays homage to Mr. Cranky. Thank you whomever you are. You're a hater and you have to love your haters. Oh wait...

Bankrupt Clique CEO Andy Powers Doesn’t Pay His Bills

Bankrupt Clique CEO Andy Powers doesn't pay his bills. Powers company, Communiclique (AKA Clique) company was placed into Chapter 7 Bankruptcy. The Deleware judge, in that case, found that Andy Powers had attempted to defraud the court with forged fraudulent documents. That's the second time a court found that Powers was guilty of fraud. A court in Virginia in the summer of  2018 found Powers was guilty of embezzlement, tax fraud, bank fraud, wire fraud, and securities fraud (see post) The Deleware judge referred these criminal charges to the US Attorney's office for prosecution. Not only is he a criminal but bankrupt Clique CEO Andy Powers doesn't pay his bills. Andy Powers of Communiclique recently hired a search firm to hire an IT guy to create a new web site for Andy in order to obfuscate search results so that you may not find out that Clique CEO Andy Powers doesn't pay his bills, that he is a common criminal, a fraud, an embezzler and his feet stink. That's right Andy, I said it! Your feet stink. Unfortunately for the search firm and the IT guy, Powers stiffed them. He got a web site and they got nada. Do you know...

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...

Communiclique Data Details

Before Communiclique was exposed as a giant Ponzi scheme, the company Andy Powers and Ram Reddy were telling anyone who would listen that it was a Billion Dollar Unicorn. Now we know it is practically worthless. A group of investors recently won a judgment to put the company in receivership. The Bankruptcy lawsuit shed light on the murky details of this company (first story on this dumpster fire company and Andy Powers here) Here are just a few facts recently made public thanks to the bankruptcy proceedings. The Cap Table and how much each investor would have realized if the company exited at a billion dollar valuation. Shareholder Shares Percentage Value Empower LLC/Andy Powers 6,389,000 27.61% $ 276,149,974 Srin Reddy 5,000,000 21.61% $ 216,113,612 Devasena Reddy Irrev Trust 1 2,042,687 8.83% $ 88,290,493 Parva Reddy Family Trust 2 2,042,666 8.83% $ 88,289,586 Parva Reddy Family Trust 1 1,242,750 5.37% $ 53,715,038 Ram Reddy 720,000 3.11% $ 31,120,360 Jason Donahue Trust 526,000 2.27% $ 22,735,152 Kamakshi Radha Reddy 500,000 2.16% $ 21,611,361 Jai Gupta 476,191 2.06% $ 20,582,271 Jason Donahue IRA 400,000 1.73% $ 17,289,089 New Angel Capital LLC 333,334 1.44% $ 14,407,603 Diwakar Nagula 272,728 1.18% $ 11,788,047 Sam Medile 260,000 1.12% $ 11,237,908 Tim Gentry 250,000 1.08% $ 10,805,681 Federal Express Investments 238,096 1.03% $ 10,291,157 Barique Holdings 173,612 0.75% $ 7,503,983 Most Holdings 152,000 0.66% $ 6,569,854 Justin Connor 120,000 0.52% $ 5,186,727 Janardhan Nukalapati 100,000 0.43% $ 4,322,272 Ram Gupta 100,000 0.43% $ 4,322,272 Tim Lee 90,000 0.39% $ 3,890,045 Seetaramayya Nagula 90,000 0.39% $ 3,890,045 Andrew Schwartzman 89,960 0.39% $ 3,888,316 Gemma Medile 80,000 0.35% $ 3,457,818 Stephen Clune 80,000 0.35% $ 3,457,818 Satish Nagula 68,183 0.29% $ 2,947,055 Kishor Nagula 68,183 0.29% $ 2,947,055 Chuckie Reddy 60,000 0.26% $ 2,593,363 John Carleton 55,753 0.24% $ 2,409,796 Shapur Bashar 53,334 0.23% $ 2,305,241 Shankar Ram 50,000 0.22% $ 2,161,136 Robert and Carole Donahue Family Trust 50,000 0.22% $ 2,161,136 Dean Catino 45,000 0.19% $ 1,945,023 Carolyn Lee IRA 43,333 0.19% $ 1,872,970 Ashok Patel 43,000 0.19% $...