Share this page!

Ian Beckett Profile picture
@ianbeckett
Mar 30 • 7 tweets • 9 min read Twitter logo Read on Twitter
Scrolly
1/ #CryptoCrap - CEO (Michael Stollery
aka Michael Stollaire) of Titanium Blockchain Infrastructure Services Inc (#TBIS)/EHI Internetwork & Systems Mgmt Inc (#EHI) sentenced to 4.25 yrs for the $21m #TitaniumBlockchain (#BAR) crypto #ICO #fraud (justice.gov/opa/pr/ceo-tit…).
2/ According to court documents, from 2017 Michael Stollery, touted #TBIS & the unregistered #TBIS crypto ICO (purportedly a decentralised enterprise infrastructure services platform, monetised by a native crypto token: #BAR). Investors were lured through a series of …
3/ false & misleading statements including fake client testimonials + false claims that he (#EHI) had business relationships with the Federal Reserve & dozens of prominent companies to create the false appearance of legitimacy. ‘Team Titanium’ had apparently “over 2 centuries …
4/ of combined experience”, & #EHI stood for “Excellence, Honesty & Integrity” LOL. Their time was running out, as cease & desist letters came in IRO their fake testimonials/business relationships. In time honoured fashion there was a ‘mysterious theft of #BAR crypto tokens’ …
5/ & exchange for a new crypto token (#TBAR) with a new marketing game - no longer the named blue clip client base but rather the ‘carrot’ of potential big deals with unnamed overseas $billion emerging market companies. The various identities of Michael Stollery, #TBIS & #EHI …
6/ in the scam reportedly had #Coinbase crypto wallets, #PayPal/#Venmo payment processor accounts & multiple #USBank/#WellsFargo/#JPMorganChase bank accounts.
7/7 US crypto litigation enforcement actions have ramped up greatly since mid 2022 & the #CryptoContagion (drive.google.com/file/d/1MDKofI…). Background: ‘SEC TBIS complaint’ - drive.google.com/file/d/15W3ZRr…; ‘TBIS/EHI testimonials/white paper’ - drive.google.com/file/d/1K9ELYd….

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Ian Beckett

Ian Beckett Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ianbeckett

Ian Beckett Profile picture
Apr 1
1/ @ArmitageJim @premnsikka More from the ‘rotten boroughs’ in only the first conviction of an ‘Eat Out To Help Out’ Govt. COVID support scheme blagger (bbc.co.uk/news/uk-englan…). Now convicted fraudster/money launderer Mohammed Ikram reportedly made 19 fake claims (£434k) for …
2/ eight different food outlets through the scheme, most of which were "entirely fictitious". Md. Ikram, now a former Keighley Town councillor was also a member of it’s Finance & Audit Committee. Scant publicly available records seemingly indicate Md. Ikram was a ‘co-opted’ … ImageImageImage
3/ (unelected) Keighley Town councillor from around 03/2021, some 6 months or so after reportedly making 19 fraudulent ‘Eat Out To Help Out’ claims over four weeks in 08 & 09/2020. The court reportedly heard that Md. Ikram had run up debts ‘running a care home’ - … Image
Read 9 tweets
Ian Beckett Profile picture
Mar 30
@ArmitageJim @premnsikka 1/ #LSE listed taxpayer funded homeless/vulnerable accommodation op & #BDO audited ‘#HomeReit’s biggest tenant (‘#LotusHomes’) dished out £1.2m to bosses before bankruptcy’ (cityam.com/exclusive-home…). HomeReit’s punters were bedazzled, it’s …
2/ ‘double dipping’ auditor/IPO advisor #BDO remains befuddled, the UK’s blind eyed financial regulator (@TheFCA) remains becalmed & trading in HomeReit’s shares remains suspended. Background: ‘how scandal-hit investment fund let down war veterans’ - ; … Image
3/ ‘#HomeReit’s social responsibility claims ring hollow to the Hyde family’ - ; ‘self-styled cruel negotiator at heart of homeless property row’ - ; ‘major HomeREIT tenant (#LotusSanctuary - 12% of HomeReit rentals) on the brink … Image
Read 4 tweets
Ian Beckett Profile picture
Mar 30
@ArmitageJim @retheauditors @premnsikka 1/ @TheFCA auth. #Emoney op (neobank) #Revolut reportedly frustrates its own board & raises eyebrows in the accounting industry after spinning a critical #BDO
#audit report as a clean bill of health (ft.com/content/9d2f61…). Image
2/ #Revolut published it’s 2021 audited accounts 5 months after they were originally required to be filed & 2 months after an extension to the deadline had expired. Revolut’s lawyers Schillings said there were "a range of views on the meaning of the qualified opinion". Image
3/ ‘Under the hood’, #Revolut has gone ‘full tonto’ on crypto, allegedly building on it’s alleged long term ‘association’ with crypto exchange #Bitstamp (which coincidentally withdrew its UK FCA crypto authorisation application - the UK is the largest crypto market in Europe). Image
Read 5 tweets
Ian Beckett Profile picture
Jan 15
@retheauditors @premnsikka 1/ “Flipping Hell”: #LSE listed taxpayer funded homeless/vulnerable accommodation op & #BDO audited ‘#HomeReit built on poor foundations’. CityAM, three days ago wrote: ‘#HomeREIT faces legal threat from biggest tenant over £5.5m rent relief deal’ …
2/ (cityam.com/home-reit-face…). A week earlier it was reported that #HomeReit’s ‘investment adviser’ (‘Alvarium’) had (prior to its #SPAC merger) spun out the unit ‘advising’ #HomeReit (‘Alvarium Home REIT Advisors Ltd’) allegedly to a newly created shell, …
3/ before, along with wealth manager #TiedemannGroup, a #SPAC merger (Nasdaq listing) with ‘#CartesianGrowthCorporation (ex-#AIG emerging markets PE funds crew from back in the day). The #HomeReit board allegedly in effect ‘subcontracted the business’ operation to Alvarium’,
Read 15 tweets
Ian Beckett Profile picture
Jan 14
@retheauditors @premnsikka 1/‘ Investigation in to #AIM listed #RevolutionBeauty unveils "serious issues" over the way the business was allegedly run under previous senior managers’. Revolution hired Macfarlanes to investigate after their long term auditors #BDO ‘reared up’.
2/ Yesterday it reportedly emerged that Macfarlanes had discovered Revolution made "unacceptable" loans to senior managers, requested distributors book orders worth £9m to meet y/end financial targets + failed to consider key info. when acquiring a company owned by its chairman.
3/ Revolution’s auditor prior/during/post #AIM listing was #BDO. BDO & Mazars were criticised in 2022 by the UK audit regulator #FRC for ‘unacceptable’ audits (the worst auditors inspected for the 2nd year running). Meanwhile over in the US ‘BDO USA botched more than half of …
Read 6 tweets
Ian Beckett Profile picture
Dec 27, 2022
@ArmitageJim @premnsikka 1/ Offshore #PSP (Payment Service Provider) #CheckoutDOTcom (formerly #OpusPayments) - “Checkout”: ‘how Europe’s most valuable start-up lost its crown’ (ft.com/content/308048…). Checkout (like it’s PSP brethren) was ‘formally’ authorised by the … ImageImage
2/ UK’s blind eyed financial regulator (@TheFCA, formerly #FSA) in 12/2012, following implementation of the 2011 #Emoney regulations: Checkout’s website would follow months later. The FCA’s ‘#Emoney scene’ has been long covered by a thick ‘FCA fog’ which scandal … Image
3/ after scandal has sunk in to (#Wirecard, #AlliedWallet, #Payza etc - the subjects of future exposes). Little is known from the press about Checkout (precursor: #OpusPayments) - many press articles read like the same company press release, simply regurgitated.
Read 16 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Send Email!

:(