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...

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 messaged me from my website (see below). 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. June 6, 2019 Update: I just found out that Tom Cook is a fake name used by multiple salespeople at ExecMagic. Abra Cadabra, Poof, your name is now Thomas A Cook II...

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 or Horrible Businessman?

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 bolsters my suspicions. Ram Reddy categorically denies the allegations. 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...

Tim Lee – Wolf of Startupland?

Who is Tim Lee? That is the question. Late last year, I started getting tips from multiple founders regarding a strange duck, called The Sabotage Institute. Depending on who you talk to, Sabotage Institute is a VC, a Dumpster Fire, an Incubator, a Pretangel or an aptly named company designed to sabotage the reputations of companies and people. Many of the Sabotage tipsters urged me to look at one of the founders, Tim Lee. Described as a high-pressure, huckster. More than one and less than ten entrepreneurs referred to Tim with harsh epitaphs, relating tales of Tim's used-car salesman approach to recruiting founders. Fortunately, my friends who were approached by Tim were in well-positioned companies and did not feel the need to sabotage their companies,  careers, and reputations by aligning with Tim Lee and Andy Powers. Others, like Armortext, took money from Sabotage and the CEO, Navroop Mitter wrote to me to defend Sabotage when I referred to them as a possible Pretangel in this post. I was unable to find enough verifiable facts positive or negative to confirm these reports, so I filed the information away in my Tim Lee, possible wolf of startupland file. Then Communiclique (doing business as CliqueAPI because changing your name...