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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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Press Release

Cloom Tech Develops Flexible Cable Assemblies for Smart Automation Systems

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Medley, FL 33178, United States, 12th Dec 2025 – Cloom Tech, a leader in custom wire harness and cable assembly solutions, has unveiled the development of flexible cable assemblies tailored specifically for smart automation systems. These assemblies are engineered to meet the increasing demands for high-performance connectivity within the automation sector, which has seen rapid growth in areas such as robotics, IoT devices, and automated manufacturing.

The new flexible cable assemblies are designed to provide exceptional reliability and adaptability, key characteristics needed for the dynamic environments found in smart automation systems. As industries increasingly rely on advanced automated processes, including robotics and smart manufacturing, the demand for durable, high-quality wiring solutions continues to rise. Cloom Tech’s latest cable assemblies are intended to address this demand, offering reliable and flexible solutions for various applications within robotics, automotive, medical devices, and aerospace.

Cloom Tech has long been recognized for its ability to provide custom wire harnesses and cable assemblies that meet the specific requirements of clients. The company’s new cable assemblies continue this tradition, addressing the unique challenges of smart automation systems. These solutions are designed to offer enhanced electrical performance and longevity while maintaining the flexibility necessary for complex and ever-evolving technological environments. The product line reflects Cloom Tech’s commitment to innovation and meeting the specific needs of the industries it serves.

“These flexible cable assemblies represent an important advancement in the smart automation space,” said Ivy Zhao, spokesperson for Cloom Tech. “With the rapid pace of technological development, it is essential to provide solutions that support the evolving needs of automation systems. These new assemblies are built to offer the flexibility, durability, and electrical performance required for a wide range of applications, from robotics to smart devices.”

Key features of the new flexible cable assemblies include reduced weight, compactness, and resistance to wear, making them ideal for demanding applications such as robotics, where constant movement requires high flexibility. Additionally, these assemblies are designed for both prototype and production-level projects, allowing clients to easily scale up their operations with a reliable solution that can be tailored to specific requirements. The versatility of these cable assemblies makes them suitable for a variety of industries, from automotive manufacturing to the development of medical devices.

This new product release is part of Cloom Tech’s ongoing strategy to expand its product offerings and provide comprehensive solutions for the increasingly sophisticated needs of the automation industry. The company’s commitment to delivering reliable, high-quality wire and cable solutions has established it as a trusted partner for industries requiring precision and durability in their connectivity products. With the introduction of flexible cable assemblies, Cloom Tech is well-positioned to meet the growing needs of the smart automation sector.

Looking ahead, Cloom Tech continues to prioritize innovation and expansion within the automation market. The company remains focused on developing specialized cable solutions that address the unique challenges posed by emerging technologies in automation, robotics, and beyond.

“As the industry continues to evolve, Cloom Tech remains committed to exploring new avenues for innovation,” Zhao added. “The flexible cable assemblies represent just the beginning of an ongoing effort to provide the best-in-class solutions that support the development of next-generation technologies. Looking to the future, the company will continue to invest in research and development to stay ahead of the curve in automation and robotics.”

For more information about Cloom Tech’s flexible cable assembly, please contact the company at +1 863 434 8447 or via email at sales@cloomtech.com. The company is located at 9251 NW 112th Ave, Medley, FL 33178, USA.

Media Contact

Organization: Cloom Tech

Contact Person: Ivy Zhao

Website: https://cloomtech.com/

Email: Send Email

Contact Number: +18634348447

Address:9251 NW 112th Ave

City: Medley

State: FL 33178

Country:United States

Release id:38910

The post Cloom Tech Develops Flexible Cable Assemblies for Smart Automation Systems 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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C.R. Violet Explores Faith, Love, and Courage in The Saddlebag Preacher of Pike County

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C.R. Violet’s The Saddlebag Preacher of Pike County invites readers into a thoughtful historical story of faith, love, and resilience. Set in 1850s southern Ohio, the novel follows Rev. Jacob Chandler, a young preacher newly assigned to a circuit near his childhood home, as he navigates challenges far beyond what his sheltered upbringing prepared him for.

Vancouver, British Columbia, Canada, 12th Dec 2025 – Jacob’s journey exposes him to the lives of those working along the Ohio Canal, the hidden paths of the Underground Railroad, and the fragile balance of duty and personal desire. When he becomes involved in helping travelers seeking freedom, he must weigh the risks to his position in the Church against his moral convictions. The stakes grow even more personal when the woman he loves is separated from him by family disapproval, forcing Jacob to confront difficult choices about following his heart and living out his calling.

Violet’s novel is notable for its grounded storytelling. Her background in marketing, public relations, and non-profit work informs a careful, character-driven approach, while her Midwest roots provide an intimate understanding of the region she depicts. Through family stories, historical documents, and research on circuit-riding preachers and the Ohio Canal, she reconstructs a world shaped by faith, movement, and the quiet tensions of a country approaching civil war.

At its core, The Saddlebag Preacher of Pike County is a story about courage in the face of uncertainty. Readers are invited to witness Jacob’s growth as he learns that faith is not only a matter of belief but also of action, and that love often requires patience, risk, and perseverance. The novel balances the historical with the personal, making it accessible to anyone interested in stories of moral exploration, heartfelt romance, and historical context.

C.R. Violet’s work is both a reflection of history and a deeply human narrative. She draws inspiration from family memories and archival research, creating a setting and characters that feel authentic and lived-in. Her storytelling provides readers with a lens into a time and place rarely explored in contemporary fiction, offering both insight and engagement.

The Saddlebag Preacher of Pike County is available through Amazon and other major booksellers worldwide. 

About Explora Books 

Explora Books is a Vancouver-based firm helping authors break through the noise of the self-publishing world. Our mission is pushing the boundaries of creativity in amplifying your story globally. Creativity reimagined. Using focused research and strategic marketing, we give writers clear paths to visibility and measurable growth. Our team simplifies each stage of self-publishing with practical guidance and reliable support. Committed to innovation and high standards, Explora Books works to give authors a real chance to be seen, heard, and published on their own terms.

Media Contact

Organization: Explora Books Ltd

Contact Person: Simon Pratt

Website: https://explorabooks.com/home

Email: Send Email

Contact Number: +16043306795

Address:Jameson Offices, 838 W Hastings St w, Vancouver, BC V6C 0A6, Canada

City: Vancouver

State: British Columbia

Country:Canada

Release id:38943

The post C.R. Violet Explores Faith, Love, and Courage in The Saddlebag Preacher of Pike County 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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Press Release

GlowRow’s Unplanned Spotlight at San Antonio’s Holly Jolly Kayaking Event Captures Public Attention

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San Antonio, TX, United States, 12th Dec 2025 – At the San Antonio River Authority’s sold-out Holly Jolly Kayaking event, four GlowRow team members secured public tickets like everyone else and slipped quietly into the water. No fanfare. No announcement. No stage set for impact, just four clear kayaks joining a community paddle beneath the holiday lights.

But the Riverwalk has a way of noticing things that aren’t trying to be noticed.

As the GlowRow vessels glided under the bridges, with glowpaddles piercing the water like lightsabers… something shifted. The chatter along the walkways softened. People paused mid-stride, mid-sip, mid-sentence, as though the water itself had asked them to look. One phone lifted, then five, then a crowd, until the entire stretch of river seemed to glow not just from the kayaks, but from the attention drawn toward them.

What began as a quiet moment of participation became a shared moment of wonder, the kind that reminds you how rare it is to surprise a city that’s seen everything.

“We weren’t trying to make a statement. We just wanted to be part of the event. Yet somehow the moment grew bigger than us… the phones, the smiles, the people leaning over the rails. It was a reminder that light travels farther than you think, especially when you don’t intend to shine it,” said Zack Jurasek, Founder of GlowRow. 

“This wasn’t our show,” Zack added. “We were just one small part of a community paddle, but for a few minutes, the Riverwalk lit up in a way none of us expected.”

“For our team, paddling the Riverwalk during the holidays was already special… the reaction from the community made it unforgettable.”

GlowRow has guided more than 45,000 nighttime paddlers across Texas using proprietary lighting systems engineered in-house to withstand nightly operations, saltwater environments, vibration, and long-duration runtime. The company has received multiple awards from the Texas State Tourism office, international recognition from the UK Travel & Hospitality Awards, and USA Today’s #2 Best Kayak Tour in the U.S. for 2025.

Wednesday night was never planned as a showcase, yet something about the illuminated kayaks against the Riverwalk’s holiday backdrop created a moment that resonated with everyone who saw it.

GlowRow extends its appreciation to the San Antonio River Authority for hosting the Holly Jolly event and maintaining one of Texas’s most iconic waterways. Any future conversations about expanded opportunities in San Antonio will be approached with deep respect for the Riverwalk, its culture, and its community.

For more details visit 

Email: info@glowrow.com

Call: 702-720-GLOW

Media Contact

Organization: GlowRow® Team

Contact Person: Media Relations

Website: https://glowrow.com/

Email: Send Email

Contact Number: +17027204569

City: San Antonio

State: TX

Country:United States

Release id:38934

The post GlowRow’s Unplanned Spotlight at San Antonio’s Holly Jolly Kayaking Event Captures Public Attention 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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