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1847 Holdings Under Scrutiny for $2.5 Million Payouts Following Polished.com Asset Seizure

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Allegations of Financial Misconduct Surface as Payments Coincide with Bank of America’s Legal Action

NEW YORK, [February 05, 2025 ] – A series of questionable financial transactions involving 1847 Holdings LLC (NASDAQ: EFSH) has raised serious concerns regarding potential financial misconduct. Just one day after Bank of America seized the assets of its former subsidiary, Polished.com (OTC: POLCQ), 1847 Holdings disbursed $2.5 million to four investor relations and advisory firms, raising speculation about whether the move was an attempt to shield funds from creditors.

On February 6, 2024, Polished.com received a Notice of Acceleration from Bank of America, demanding immediate repayment of outstanding debts due to non-payment of principal, interest, and fees. This action resulted in a default, providing the bank with legal grounds to freeze and seize the company’s assets.

However, on February 7 and February 8, 2024, 1847 Holdings issued significant prepayments totaling $2.5 million to multiple consulting firms, despite its ongoing financial struggles. Given the company’s history of debt-related challenges and the timing of these payments, industry analysts are questioning whether these transactions were designed to move funds beyond the reach of creditors.

Questionable Financial Transactions Raise Red Flags

The breakdown of the prepaid consulting agreements includes:

  • $1.4 million to TraDigital Marketing Group for “investor relations, digital marketing, and advertising.”
  • $400,000 to Alchemy Advisory LLC for “business and investor outreach.”
  • $333,000 to Reef Digital LLC for “investor relations, IT support, and strategic advisory.”
  • $365,000 to SeaPath Advisory LLC for “content marketing and strategic advisory.”

These payments were reportedly made to support investor relations and enhance stock value. However, shortly after these disbursements, 1847 Holdings executed three reverse stock splits—each erasing between 90% and 99.999% of shareholder value—raising serious doubts about the legitimacy and necessity of these transactions.

A Potential Attempt to Evade Legal and Financial Liabilities?

Given the timing of these payments, concerns are mounting that 1847 Holdings’ leadership—Ellery Roberts and Louis Bevilacqua—may have orchestrated the disbursements as a means of moving funds before further legal action could be taken. If these payments were not made in exchange for actual services, the transactions could be considered fraudulent conveyance, a deliberate effort to shield assets from creditors.

Additionally, if the funds were funneled back through cooperative third parties, this could potentially escalate into allegations of money laundering.

A Broader Pattern of Financial Mismanagement

While the $2.5 million payout is only a fraction of the larger financial concerns surrounding 1847 Holdings, the transactions follow a disturbing pattern of potential financial misconduct, including:

  1. The payments occurred immediately after Bank of America took legal action against Polished.com.
  2. The funds were disbursed to multiple firms rather than a single established service provider.
  3. Despite its financial distress, 1847 Holdings allocated millions to non-essential consulting agreements.
  4. Following these transactions, the company proceeded with three reverse stock splits that significantly reduced investor holdings.

For a company already under scrutiny for financial mismanagement, these transactions warrant immediate regulatory and legal investigation. If these payments were indeed an attempt to divert assets ahead of legal repercussions, it is imperative that authorities intervene swiftly to prevent further financial losses and protect shareholder interests.

Regulatory Action Needed

With a growing number of red flags surrounding these transactions, investors are calling on Regulators and enforcement to conduct an investigation into the activities of 1847 Holdings. Any attempts to manipulate financial records or evade legal obligations should be met with decisive action to ensure accountability and financial integrity in the marketplace.

For further information, please contact:
Matt Miller

Strategic Risk LLC

New York

NY

9143064771

United States

matt@strategicriskllc.com

### Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. Investors are encouraged to conduct their own due diligence before making financial decisions.

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DUTT Cryptocurrency Exchange Ltd Launches with $50M Capital, Led by Wall Street Veteran, to Bridge Traditional Finance and the Crypto Economy

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Platform Aims to Redefine Trust and Compliance in Digital Asset Trading, Establishing Denver as its Global Hub

DUTT Cryptocurrency Exchange Ltd, a next-generation digital asset platform built for global markets, is now officially launched with a registered capital of USD 50 million. Founded by the internationally recognized finance and risk management expert, Mr. Darryl Joel Dorfman, the Denver-headquartered exchange is poised to become the critical nexus connecting the rigor of traditional finance (TradFi) with the boundless innovation of the digital asset space. This launch marks a significant step towards institutionalizing the crypto market by prioritizing security, transparency, efficiency, and—most importantly—global compliance.

The timing of DUTT’s entry into the market is strategic, coinciding with a period of intense institutional interest and growing regulatory clarity in the United States and worldwide. Mr. Dorfman, who brings over two decades of experience from Wall Street’s premier investment banks and fund management institutions, identified a crucial gap: the need for a crypto exchange that operates with the foundational principles and risk protocols demanded by traditional capital markets. The company’s core philosophy, “Driving financial innovation with technology and empowering the digital future with innovation,” is a direct reflection of this mandate. DUTT is not merely an exchange; it is designed as a sophisticated financial ecosystem offering a full suite of services, including spot and futures trading, institutional custody, quantitative trading interfaces, and bespoke asset management solutions, all underpinned by Web3 principles.

The platform’s establishment in Denver, Colorado, places it within a burgeoning U.S. technology and financial corridor, positioning it strategically to navigate and adhere to U.S. regulatory frameworks, including those set by the SEC and FinCEN. This geographic choice underscores DUTT’s firm commitment to operating within established legal boundaries, a stark differentiation point in a largely fragmented global market. The $50 million initial capital is earmarked not only for operational scale but heavily weighted toward securing top-tier security infrastructure and accelerating the company’s multi-jurisdictional compliance registrations.

Mr. Dorfman elaborated on the company’s vision: “The future of finance is inherently digital, but mass adoption will only occur when participants can operate within a framework of absolute trust and institutional-grade security. At DUTT, we are building the operational and technological equivalent of a Wall Street bank—but designed natively for crypto assets. Our team, composed of veterans from finance, cybersecurity, and regulatory law, ensures that every product, every trade, and every custody solution meets the most stringent global standards. Our mission is to be the reliable bridge, making the journey from traditional portfolio management to digital asset allocation both safe and seamless for global investors.”

The management team supporting Mr. Dorfman possesses a unique blend of domain expertise critical for success in this hybrid environment. The financial architecture and capital strategy are overseen by former Wall Street investment bankers and hedge fund managers. System security and defense are handled by specialists from leading blockchain security and cryptographic algorithm institutions. Furthermore, the development of DUTT’s AI-powered matching engine and sophisticated risk models is spearheaded by experts in high-frequency trading and artificial intelligence. This multi-dimensional expertise is fundamental to DUTT’s global competitive advantage, enabling unparalleled capabilities in trading efficiency, risk management, and market adaptability.

Central to DUTT’s value proposition is its dedication to institutional clients. By offering customized API access, deep liquidity pools, and compliant custody solutions, the exchange is directly addressing the needs of hedge funds, family offices, and large asset managers seeking secure entry points into the digital currency markets. The integrated approach ensures that institutional investors can access complex derivative products and sophisticated trading strategies within an environment they trust, unlike many retail-focused platforms. This institutional focus is expected to rapidly accelerate DUTT’s market share among professional investors globally.

The company’s long-term vision—to grow into one of the world’s most trusted cryptocurrency trading brands and help shape an open, fair, and sustainable financial order—is driven by this strategic blend of traditional expertise and technological innovation. DUTT views its role as pivotal in standardizing the rapidly evolving field of digital asset trading, thereby accelerating its integration into the mainstream global economy. The forthcoming months will see DUTT rolling out key technology features and announcing further compliance milestones across Europe and Asia, solidifying its commitment to being a globally regulated and accessible platform. Investors and industry watchers are advised to follow the development of this highly capitalized, compliance-focused exchange as it sets out to establish a new benchmark for professionalism in the crypto space.

 

About DUTT Cryptocurrency Exchange Ltd

Established in 2021 with headquarters in Denver, Colorado (1800 Larimer Street), DUTT Cryptocurrency Exchange Ltd is a global digital asset trading platform founded by seasoned finance expert Mr. Darryl Joel Dorfman with a registered capital of $50 million. Guided by the core philosophy, “Driving financial innovation with technology and empowering the digital future with innovation,” DUTT is committed to building a secure, transparent, efficient, and compliant global digital asset trading ecosystem. DUTT offers comprehensive investment channels, including spot trading, futures/contracts trading, institutional custody, quantitative trading, and Web3 financial services, serving as a critical bridge connecting traditional finance and the decentralized digital world.

Media Contact

Organization: DUTT Cryptocurrency Exchange Ltd

Contact Person: Simon John

Website: https://mdutton.com/

Email: Send Email

Country:United States

Release id:37885

The post DUTT Cryptocurrency Exchange Ltd Launches with $50M Capital, Led by Wall Street Veteran, to Bridge Traditional Finance and the Crypto Economy appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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SwiftProxy Enables Breakthrough in Competitive Intelligence Gathering

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Businesses achieve new levels of competitive intelligence using SwiftProxy’s residential proxy network for accurate market monitoring.

Hong Kong S.A.R., 26th Nov 2025 – Competitive intelligence gathering has entered a new era of sophistication and precision with SwiftProxy’s advanced residential proxy solutions. The network provides organizations with reliable, real-time access to critical competitor information while maintaining complete compliance with platform terms of service and data privacy regulations. This breakthrough technology addresses the growing need for accurate market intelligence in today’s rapidly evolving business landscape.

The technology enables continuous, automated monitoring of competitor pricing strategies, new product launches, promotional campaigns, and market positioning across multiple geographic regions. By leveraging SwiftProxy’s residential IP network, businesses can track competitor movements across e-commerce platforms, corporate websites, and digital marketplaces with unprecedented accuracy. This real-time intelligence capability allows companies to respond swiftly to market changes, adapt their strategies proactively, and maintain a sustainable competitive advantage in their respective industries.

Major corporations and growing enterprises alike are implementing SwiftProxy‘s solutions to transform their competitive intelligence operations. The platform’s ability to provide authentic, location-specific data ensures that businesses receive accurate insights rather than distorted or blocked information that often plagues traditional data collection methods. This has proven particularly valuable for companies operating in multiple international markets where local competition and consumer behavior vary significantly.

Media Contact

Organization: Mescent Network Inc Limited

Contact Person: Lewis

Website: https://www.swiftproxy.net

Email: Send Email

Contact Number: +8613357729503

Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG

City: Hong Kong

State: Hong Kong

Country:Hong Kong S.A.R.

Release id:37853

The post SwiftProxy Enables Breakthrough in Competitive Intelligence Gathering appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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SwiftProxy Powers Next Generation Price Monitoring Solutions

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E-commerce companies leverage SwiftProxy’s advanced technology for real-time price intelligence and sophisticated dynamic pricing strategies across global markets.

Hong Kong S.A.R., 26th Nov 2025 – SwiftProxy has established itself as the fundamental infrastructure backbone for advanced price monitoring solutions deployed by leading e-commerce companies worldwide. The residential network provides the reliable, accurate data access essential for comprehensive competitor price tracking and sophisticated dynamic pricing optimization. This technological foundation enables retailers to make data-driven pricing decisions with confidence in their accuracy and timeliness.

Retailers implementing SwiftProxy’s technology can seamlessly monitor thousands of competitor products across multiple regions and sales channels simultaneously. This capability supports intelligent dynamic pricing strategies that maximize revenue and protect market share in highly competitive e-commerce environments. The solution has demonstrated particular value during peak shopping seasons and promotional events when price competition intensifies and market conditions change rapidly.

The platform’s ability to provide genuine, location-specific pricing data ensures that retailers base their pricing decisions on accurate market intelligence rather than distorted or incomplete information. This has proven crucial for maintaining competitive positioning while protecting profit margins across diverse market conditions. E-commerce leaders report that SwiftProxy‘s technology has become integral to their revenue optimization strategies and competitive market positioning.

Media Contact

Organization: Mescent Network Inc Limited

Contact Person: Lewis

Website: https://www.swiftproxy.net

Email: Send Email

Contact Number: +8613357729503

Address:ROOM 2205, 655 NATHAN ROAD, KOWLONG, HONG KONG

City: Hong Kong

State: Hong Kong

Country:Hong Kong S.A.R.

Release id:37874

The post SwiftProxy Powers Next Generation Price Monitoring Solutions appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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