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% $ 1,858,577
Graham Weigle 40,000 0.17% $ 1,728,909
Fishing Pole Partners 34,723 0.15% $ 1,500,823
Philip Lowit 34,723 0.15% $ 1,500,823
Quantum Investing 34,247 0.15% $ 1,480,249
David B Armstrong 33,400 0.14% $ 1,443,639
Doraiswamy Rajaopai 33,334 0.14% $ 1,440,786
Timothy Mickey PTC Cust 32,000 0.14% $ 1,383,127
Roshan Bhatka 30,000 0.13% $ 1,296,682
Zolon Ventures 30,000 0.13% $ 1,296,682
Nicholas Romano 26,667 0.12% $ 1,152,620
Paitaridis Investments 26,042 0.11% $ 1,125,606
Margot Lee 25,000 0.11% $ 1,080,568
Davis Lee 25,000 0.11% $ 1,080,568
Kristin Dahl 22,523 0.10% $ 973,505
Jon Bartlett 20,000 0.09% $ 864,454
Laura Caruso 20,000 0.09% $ 864,454
Alan Abdolbashar 20,000 0.09% $ 864,454
Alan Reed 20,000 0.09% $ 864,454
Pravin and Pranav Family Trust 20,000 0.09% $ 864,454
Narimha Koppula 20,000 0.09% $ 864,454
Jayanth Chalia 20,000 0.09% $ 864,454
Adam Stern 17,362 0.08% $ 750,433
Dan Knox 17,362 0.08% $ 750,433
ESBK LLC 16,000 0.07% $ 691,564
Fern O-Brian 16,000 0.07% $ 691,564
Charles Tharrington 16,000 0.07% $ 691,564
Krishna Paila 15,000 0.06% $ 648,341
Laith Dokku 15,000 0.06% $ 648,341
Andre Clark 13,333 0.06% $ 576,289
Robert Pons 13,021 0.06% $ 562,803
Chandra Boyapati 11,905 0.05% $ 514,567
Jeanette Lapp 11,112 0.05% $ 480,291
Gregory Holmes PTC Cust 10,238 0.04% $ 442,514
Howard Walsh 10,000 0.04% $ 432,227
Haridas Padkithaya 10,000 0.04% $ 432,227
Sreedhar Yetur and Prav Yeture 8,700 0.04% $ 376,038
Emerald Aviation Inc. 8,000 0.03% $ 345,782
Lisa Mickey PTC Cust 8,000 0.03% $ 345,782
S Reddy and Alan Monroe 7,143 0.03% $ 308,740
Eric Gere 6,667 0.03% $ 288,166
Nova Fund LLC 6,667 0.03% $ 288,166
S K Pidatala 5,000 0.02% $ 216,114
Radha Pandipati 5,000 0.02% $ 216,114
Ravi Pidatala 5,000 0.02% $ 216,114
Chris Lapp 5,000 0.02% $ 216,114
BAA Enterprises 5,000 0.02% $ 216,114
23,135,979 100.00% $ 1,000,000,000

Matching some of the investment numbers with plaintiffs named in the lawsuits supplies this information matching the amount invested and shares:

Investor Investment Shares
Jai Gubpta – New Angel Capital $ 3,000,000 100,000
Robert and Carol Donahue $ 288,000 50,000
Jason Donahue $ 2,862,250 526,000
Satya Akula $ 602,500 333,334
Adam Reinhart – Barrique Holdings $ 500,000
Justin Connor $ 293,484 100,000
Diwakar Nagula $ 1,600,000 272,728
Kaspm Donahue $ 3,622,250
RCDFT $ 288,000 50,000
Seetaramaya Nagula $ 1,465,500 90,000

 

JASON M. DONAHUE TRUST (see original case) won a case against Andy Powers, Ram Reddy and Communiclique on February 19, 2019 (see judgment).

Judgment in the amount of $2,862,250.90, with interest thereon running on the amounts and from the dates set forth below:

1. $190,000 from November 30, 2016
2. $1 ,152,000 from December 2, 2016
3. $130,250 from December 13, 2016
4. $51,000 from December 14, 2016
5. $135,000 from December 15, 2016
6. $78,000 from December 23, 2016
7. $18,000.90 from January 7, 2017
8. $1 ,008,000 from March 23, 2017
9. $100,000 from May 2, 2017

IRA SERVICES COMPANY CFBO JASON MARK DONAHUE IRA 706358: Judgment in the amount of $760,000 with interest thereon from January 5, 2017
THE ROBERT AND CAROL DONAHUE FAMILY TRUST: Judgment in the amount of $288,000 with interest thereon from January 28, 20 17

AND ACCORDINGLY, it is further ADJUDGED. ORDERED and DECREED, that a judgment shall be and is hereby entered in favor of these Plaintiffs and against Defendants Andrew Powers and Communi Clique, jointly and severally for sum of$ 350,000 in punitive damages

AND ACCORDINGLY, it is hereby ADJUDGED ORDERED and DECREED, that judgment shall be and is hereby entered in favor of these three Plaintiffs and against Defendants Andy Powers and Communiclique, jointly and severally for the sum of $42565.76

Vender Lawsuits – Below is a partial list of people suing Communiclique, Andy Powers and its officers:

  • Kristan Hopkins: Former Communiclique, Chief Strategy Officer – had a salary of $275 thousand per year and a bonus of $100 thousand. He’s suing for $178 thousand
  • Snap: Communiclique’s landlord – Suing for $374 thousand
  • Courtney Snell: Andy Power’s Executive Assistant – Suing for $35 thousand
  • Rad Firm: Power’s Landlord for his home – Suing for $70 thousand (Andy was renting a home for $35 thousand per month (see post))
  • There is a group of Silicon Valley-based Indian Investors suing Ram Reddy and the company for defrauding them. I don’t have the details of this suit.

As far as Communiclique, Andy Powers, Ram Reddy, and Tim Lee are concerned… the chickens are coming home to roost. Bwak! Bwak. Bwak!

via GIPHY