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...

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...

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% $...

Morally Bankrupt Communiclique Declared Financially Bankrupt

This Morning, in a Deleware Court, Communiclique declared financially bankrupt by a judge. Communiclique (AKA Clique & CliqueAPI) CEO, Founder and Board Member, Andy Powers did not show up in court as the judge had ordered. Based on the fraudulent evidence, the judge referred Andy Powers to the US Attorney's office on criminal charges. Game On! Or Game Off! Or where the hell was Andy Powers? Let the Games Begin! In addition, the judge declared Andy Powers, big shot, big-time business guy, master of the universe, financially bankrupt...

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). Communiclique Fraudelent Response by Glen Hellman on Scribd 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...

Andy Powers, CliqueAPI The $50 Million Ponzi Scheme

Hello Kids! It's that time again where we check in with our old pal Andy Powers, CliqueAPI (AKA Communiclique). Just in case you've been living in a hefty bag, let me catch up. Communiclique (sometimes called Clique, other times called CliqueAPI because it's harder to hit a moving target) raised anywhere from $50-70 million dollars. In 2016 a court in the Commonwealth of Virginia ordered the company to stop raising money...

Communiclique Bankruptcy (AKA: CliqueAPI)

Communiclique Bankruptcy? It looks like the investors believe a Communicliaque Bankruptcy is warranted.  On Friday, March 15, 2019, several investors petitioned a Deleware court to involuntarily take the company into Chapter 7, bankruptcy (see what a Virginia Court found about the fraud Andy Powers and his team perpetrated at Communicliqe). The case was filed by Attorney Daniel A. O'Brien, of the firm Venable LLP, representing creditors/investors: Andrew and Jamie Schwartzberg, Keith Hladek, Stonehaven Capital, Erik Sachwitz, Philip Lowit, Adam Stern, Robert Mitchell Pons, and the Paitaridis Children Family Trust. In one month, two of DC's scummiest bags are being attacked and forced into bankruptcy by their investors. Danny Boice of Trustify (see article) and Andy Powers of Communiclique were litigated into bankruptcy when their investors finally had a moment of clarity and realized they had invested in sham fake bullshit Potemkin Village-esque companies   What does a Communiclique Bankruptcy have in common with Trustify's Bankruptcy (check out the crime family post here)? [caption id="attachment_81076" align="alignright" width="243"] Andy Powers (kneeling) and Danny Boice all prison-tatted ready[/caption] Both companies were founded by criminals. Both Danny Boice and Andy Powers are pathological liars and crooks. Both companies existed to take investor money and put it into the pockets to fund a...

This Year in DCTech – 2018 edition

It's that time again. Time to review all the tremendous accomplishments of the most dynamic tech ecosystem south of Columbia Md, North of Springfield VA,  East of Gaithersburg MD and west of Annapolis. Yes, DCTech we're number 1 out of any city in the world with our exact lat/long coordinates! Yea us! Go Team DC! So let's get right to it. January - Was Action Packed!!!! Amazon Will Change Everything - Amazon announced they would hold a beauty contest to determine which town they will destroy by overloading local infrastructure, straining the already huge employment talent gap by bringing 50,000 new jobs parked in Amazon HQ2. DC is one of the "lucky" cities to make the short list (see post). Boice Is The Champion - Danny Boice wins the coveted Worst Wolf of Startupland Title. Making Shit Happen (As Long as Nothing Happening is the Definition of Happening) - Lots of good news from Jonathon Perrelli and LifeFuels...