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 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% $...

DCTech Startup Crime Update

It's that time again for the DCTech Startup Crime Update. Lots of little movement with the Crooks and Criminals of DCTech but not enough to warrant a single subject blog and therefore I'm going to provide a general DCTech Startup Crime Update on multiple happenings around DCTech. DCTech Startup Crime Update -Existing Projects Andy Powers and Communiclique (Clique, CliqueAPI) - Every month that Andy doesn't live rent-free on the federally funded 3 hots and a cot program, costs his investors a ton of evaporating capital including the $35 thousand per month rent on his home (see home and court details).  On Monday 4/29, Andy Power's lawyer showed up just prior to the 4 PM deadline with the data to prove that the company was a legitimate business. The invoices submitted were obviously fraudulent...

Andy Powers Communiclique Fraudulent Response

Updated May 6, 2019, with new evidence: On April 29th, Andy Power's attorney submitted a Communiclique fraudulent response to the Involuntary Bankruptcy Petition (see this post for Bankruptcy Petition). After reading this Communiclique fraudulent response, I am confident that Andy Powers can add, Bankruptcy Fraud to a long list of crimes he and other board members and officers of Communiclique (aka Clique and CliqueAPI) perpetrated including, Security Fraud, Bank Fraud, Wire Fraud, Tax Fraud, Forgery, and Embezzlement. The response features, what appears to be doctored, invoices and payment receipts to company vendors intended to prove the company is a legitimate business running a legitimate operation. It attempts to document that the company is solvent and responsibly dispatching its financial obligations (See Communiclique Fraudulent Response Here). Updated: See the latest filing telling the judge that the invoices were doctored here (Communiclique Fraud Allegation): The new filing states: Alleged Debtors have defrauded investors, lenders, and vendors alike. Unfortunately, they have now defrauded this Court.  Concerned by known fraudulent conduct of the Alleged Debtors (and the known and potential negative repercussions thereof on their estates), the Petitioning Creditors opposed the Alleged Debtors attempt to extend the deadline to file answers to the Petitions. Ultimately, the Court entered a short, four-day extension. The brevity of...

Scam Alert: ExecMagic

Warning! Warning! Warning! ExecMagic is another company, much like AdvisoryCloud, which use to be ExecRanks, prays on people's desire to sit on boards (see AdvisoryCloud post here). It seems like AdvisoryCloud/ExecRanks, ExecMagic monetizes executives hopes and dreams of becoming a board member without much success of that exec obtaining a board seat. A couple of weeks ago, this cockwaffle, Tom Cook from ExecMagic Thomas A Cook II ( Tom) from ExecMagic - Best practices Tuesday, April 16⋅5:00 – 6:00 pm email: cooktom411@gmail.com Description: Attendee: Thomas A Cook II ( Tom) Subject: Best practices‌ Phone: 530 693 4155 Information entered by the customer: I am looking for some coaching on how to do my job better and more efficient. A little research later and I determined this guy was doing the old bait and switch. He wasn't looking for a coach or a sample coaching session. He wanted to sell me his bullshit product, ExecMagic. I am sure my regular readers won't find this remarkably difficult to believe, sometimes I have an immature childish streak and my humor reveals this. For instance, often when I'm driving on long road trips and I get a spam phone call, I will take the call and when the caller wants to sell me insurance or credit card or it's the spam...

Communiclique In Court Update

Communiclique (aka clique, cliqueaPI)  is being sued by investors into bankruptcy. This week in Deleware Court, a Judge met with a representative of investors and Andy Power's attorney. I'm told that Power's attorney was as well prepared as Andy Powers is honest. One of this clown's claims was Communiclique (aka Clique, CliqueAP, Dumpster Fire) has more than twelve creditors and therefore the company can't be declared bankrupt. Folks, I actually ran a corporate governance advisory firm and I was unaware that bankruptcies are cheaper by the dozen. Fortunately the judge equally clueless of the baker's dozen creditors bankruptcy inoculation act of 2019. A frustrated judge, gave Powers until Monday, April 28, 2019, at 4 PM to prove that the steaming pile of poo he calls Clique was solvent. The likely action is that by 4 PM Monday, Communiclique will be declared bankrupt and the judge may allow the rest of the actions moved to California where the company of one is now headquartered....

Ram Reddy Master Criminal with Andy Powers

Ram Reddy, who is this guy? When I published the post, The Startup DCTech Crime Family, I was surprised by the pushback on naming Ram Reddy the Godfather. Reddy has spent a long time creating the image of a legitimate businessman. Since that post, additional information, a civil lawsuit confirms my suspicions. The suit (see link Clique - Donahue v. Communiclique - Complaint) seeks actual and punitive damages and alleges constructive fraud in the inducement in the purchase and acquisition of stock in CommuniClique (dba CliqueAPI), alleging Ram Reddy and Andy Powers defrauded the plaintiff. For some inexplicable reason, the suit fails to name the company's former CFO, Tim Lee. The suit alleges that since 2006, Communiclique (DBA CliqueAPI) raised $23 million in equity through the offer and sale of stock shares to about 90 investors. The plaintiff alleges that Andy Powers, the CEO of the criminal enterprise CliqueAPI, posited that the company would end 2016 with revenue between $120 to $125 million. Powers claimed key customer wins included Uber, FedEx, Wilmer Hale, and Airbnb. Powers and by implication, Chairman of the Board member Ram Reddy and CFO Tim Lee reported 2015 revenue in excess of $71 million. While in fact, the...