Press Release
1847 Holdings Under Scrutiny for $2.5 Million Payouts Following Polished.com Asset Seizure
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:
- The payments occurred immediately after Bank of America took legal action against Polished.com.
- The funds were disbursed to multiple firms rather than a single established service provider.
- Despite its financial distress, 1847 Holdings allocated millions to non-essential consulting agreements.
- 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
### 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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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.
Press Release
Diffie Protocol Jointly Launched by Diffie Foundation (Singapore), Cryptic Labs, and CoinP.com
——Building a Cryptography-Based Global Trusted Compute Network
Amid the rapid evolution of the global digital economy and the deep convergence of decentralized finance and AI computing ecosystems, the Diffie Foundation (Singapore), Cryptic Labs, and CoinP.com Digital Asset Exchange jointly announce the official launch of the Diffie Protocol (DF Protocol).
Grounded in the cryptographic theory of Turing Award laureate and father of modern cryptography Whitfield Diffie, the protocol aims to build a Web3.0 trust infrastructure combining research-grade security, compute-driven economic incentives, and decentralized governance.

Background: Rebuilding the Trust Model of the Cryptographic World
The global blockchain industry is transitioning from the phase of “decentralized storage and asset issuance” to the phase of “compute-driven and data-driven value formation.”
The explosive growth of AI model training, privacy computation, and cross-chain collaboration has turned computing power into the new core productive force.
However, the traditional compute ecosystem still faces two fundamental pain points:
- Authenticity of computing power is difficult to verify, preventing users from confirming the accuracy of their contributions and returns;
- Communication and data transmission lack cryptographic protection, leaving node interactions dependent on centralized trust intermediaries.
To solve these issues, the Diffie Foundation, together with top international research institution Cryptic Labs and compliant trading platform CoinP.com, introduces the Diffie Protocol —
a decentralized secure computation protocol where algorithms establish trust and computing power defines value.
A Three-Party Collaboration: Deep Integration of Science, Engineering, and Market Infrastructure
Diffie Foundation (DIFFIE Singapore)
The foundation, advised by Professor Whitfield Diffie, is dedicated to advancing the real-world adoption of cryptography in global finance and trust-economy infrastructures. Its mission — “returning trust to its cryptographic origins” — focuses on supporting research innovation and standardization efforts across algorithmic security, decentralized identity, and verifiable computation.
Cryptic Labs (Cryptic Labs Research Institute)
Founded by Professor Diffie, Cryptic Labs is a commercial research institution specializing in blockchain security and cryptographic protocol design. Its team—originating from MIT, Stanford, and ETH Zurich—has world-class expertise in zero-knowledge proofs, TEE secure computation, post-quantum cryptography, and network-security modeling.
Within DF Protocol, Cryptic Labs leads core R&D, including algorithm architecture design, security auditing, and protocol-layer technical verification.
CoinP.com Digital Asset Exchange
As a globally compliant digital asset financial platform, CoinP serves millions of registered users and operates mature liquidity and security systems. In the Diffie Protocol ecosystem, CoinP functions as the market execution and adoption engine, providing capital channels, compute subscription infrastructure, asset liquidity, and node incentives.
Meanwhile, CoinP Wallet serves as the asset settlement and compute-yield management layer, completing the economic loop across the entire DF ecosystem.

Diffie Protocol: Scientific Security, Compute-Driven Trust
The Diffie Protocol is a decentralized secure computation protocol integrating cryptographic encryption with compute-driven token economics. Anchored in the Diffie–Hellman key exchange algorithm, it establishes verifiable, traceable, and tamper-proof communication and compute-attestation systems.
It achieves full-stack security through a four-layer architecture:
1. DH Encryption Layer (Encrypted Communication Layer)
Based on DH/ECDH and AES-256, enabling full end-to-end encrypted (E2EE) communication between nodes, ensuring resistance to tampering and man-in-the-middle attacks.
2. Secure Compute Layer (Proof-of-Secure-Work)
Implements PoSW, combining timestamp signatures and randomized validation to guarantee the authenticity and verifiability of every compute contribution.
3. Node Identity Layer (Encrypted Node Identity)
Uses Node DH-ID, which binds public keys to compute addresses, ensuring uniqueness and preventing identity forgery.
4. Smart Contract Layer (Governance & Security)
Employs multi-signature and timelock mechanisms, with formal verification by MIT DCI, ensuring transparent governance, parameter controllability, and operational security.
Strategic Vision: Establishing a Global Standard for Trustworthy Computation
The long-term objective of the Diffie Protocol is to become the decentralized trust infrastructure for Web3.0, elevating the cryptographic industry from “consensus trust” to “verifiable trust.”
By integrating algorithmic security, verifiable compute, and decentralized governance, DF aims to establish a global cryptographic trust framework adopted across Europe, Asia, and North America—covering research, technical infrastructure, and market execution layers.
Professor Whitfield Diffie stated at the protocol launch:
“DF Protocol is more than a technical innovation—it is a continuation of the spirit of modern cryptography. Our goal is to merge scientific rigor with economic incentive to return trust to its mathematical foundation.”
The birth of the Diffie Protocol marks a shift from “trust built by code” to “trust verified by science.”
With rigorous cryptographic foundations, sustainable compute-economic design, and open ecosystem collaboration,
DF Protocol is poised to become a core driver of Web3.0’s global development.
DF Protocol — Security Defined by Science · Trust Driven by Compute.
Disclaimer: All news, information, and other content published on this website are provided by third-party brands or individuals and are for reference and informational purposes only. They do not constitute any investment advice or other commercial advice. For matters involving investment, finance, or digital assets, readers should make their own judgments and assume all risks. This website and its operators shall not be liable for any direct or indirect losses arising from reliance on or use of the content published herein.
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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.
Press Release
QuickBooks SuperCondense: The Ultimate Solution for Large File Problems
Brandon, MB, 20th November 2025, ZEX PR WIRE, As your business grows, so does your QuickBooks company file. Over time, that file can become so large and cluttered with years of transactions, lists, and historical data that performance starts to suffer. Tasks slow down, reports take forever to run, backups become massive, and crashes become more frequent. When standard file optimization isn’t enough, QuickBooks SuperCondense offers a powerful solution to drastically reduce file size while retaining essential data integrity.
SuperCondense is an advanced process designed to shrink your QuickBooks file far more effectively than the built-in Condense Data utility. While the standard condense tool removes old transactions and creates summary journal entries, SuperCondense goes deeper. It restructures the file behind the scenes, stripping out unnecessary data while preserving detailed transactions and your full audit trail. The result is a much smaller, faster, and more efficient file that behaves like a brand-new company file—without losing the data you need for compliance, reporting, or historical reference.
SuperCondense is especially helpful for companies that have outgrown the standard size limits for QuickBooks Pro, Premier, or even Enterprise editions. It’s also ideal for businesses preparing for an upgrade, moving to a cloud-hosted environment, or simply trying to extend the life of their current QuickBooks setup without performance issues.
Because SuperCondense involves working directly with the underlying data structure, it’s typically performed by specialized professionals or authorized service providers. It’s not something most users should attempt on their own. The process is safe and effective when done correctly, and most services include a backup, verification, and testing phase to ensure the integrity of your data is preserved.
If your QuickBooks file is large, slow, or unstable, SuperCondense may be the most cost-effective way to get things back on track. It’s a strategic investment in the health and longevity of your accounting system, giving you the speed and reliability you need to manage your business without frustration.
The benefits of SuperCondense are clear. A smaller file size leads to faster performance across the board. QuickBooks opens more quickly, reports run faster, and multi-user environments become more stable and responsive. This process also significantly reduces the risk of data corruption, which becomes a greater threat as files grow too large or unstable. In many cases, SuperCondense can prevent the need for a full file rebuild or expensive software migrations.
About E-Tech
Founded in 2001, E-Tech is the leading file repair, data recovery, and data conversion services provider in the United States and Canada. The company works to stay up to date on the latest technology news, reviews, and more for their customers.
For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca.
To learn more about the company, visit: www.e-tech.ca
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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.
Press Release
Vanessa Gallegos Florida Project Supports Unite for Ukraine Gala in Boca Raton
Boca Raton, FL, 20th November 2025, ZEX PR WIRE– The Vanessa Gallegos Florida Project has announced its support for the Unite for Ukraine Gala, a major philanthropic event scheduled for December 13, 2025, at The Boca Raton Beach Club. The initiative aims to raise critical funds for medical care and prosthetics for Ukrainian children and veterans affected by the ongoing conflict.

The gala represents a significant collaboration between South Florida community leaders and international humanitarian organizations, with proceeds benefiting the Brother’s Brother Foundation’s relief efforts in Ukraine. The foundation has already delivered over $8 million in humanitarian aid, including 689 pallets of pharmaceuticals and medical supplies to those affected by the war.
“Supporting this initiative reflects the compassionate spirit of our South Florida community,” said Vanessa Gallegos, founder of the Vanessa Gallegos Florida Project. “When we unite for causes that transcend borders, we demonstrate the power of collective action in addressing humanitarian crises.”
Vanessa Gallegos Boca Raton Unite for Ukraine Gala coverage highlights the event’s dual purpose of raising awareness and generating tangible support for more than 2,200 children who have suffered war-related injuries. The December event will feature a seated dinner, live entertainment, and personal stories of resilience from those directly impacted by the conflict.
The event will be hosted by Dr. Svetlana Faktorovich and Yelena Yelizarova, Mrs. World Ukraine 2023, both recognized for their dedication to humanitarian causes. The gala offers multiple sponsorship levels, ranging from individual tickets at $500 to platinum table sponsorships at $30,000. Each contribution directly supports the procurement and delivery of medical equipment, surgical supplies, and prosthetic devices for Ukrainian civilians and veterans.

Philanthropist and Harvard Law student Vanessa Gallegos, who serves as Chair of the Committee for the Unite for Ukraine Gala, leads the Vanessa Gallegos Florida Project, which has established itself as a cornerstone of community advocacy in Palm Beach County. With more than two decades of experience in nonprofit fundraising and community development, the organization’s support for the Unite for Ukraine Gala reflects its mission to foster meaningful connections between local communities and global humanitarian efforts. Gallegos’s leadership continues to inspire civic engagement and social impact initiatives throughout South Florida.
Attendees will have opportunities to participate in a charity auction featuring exclusive items and experiences, with all proceeds directed to the Brother’s Brother Foundation’s Ukraine relief programs. The evening will also include presentations from humanitarian organizations working directly in affected regions.
The initiative comes at a critical time as medical facilities in Ukraine continue to face overwhelming demand for specialized care and rehabilitation services. The funds raised will help provide essential medical interventions that can significantly improve the quality of life for injured children and veterans.
The Vanessa Gallegos Florida Project continues to expand its reach through strategic partnerships with organizations that create measurable social impact. Based in South Florida, the project focuses on community development, advocacy, fundraising, and faith-driven initiatives that strengthen connections between diverse communities and important causes.
Unite for Ukraine Gala information and tickets can be purchased by visiting Bit.ly/ukrainegala2025. Follow more about the gala on @itsvanessagallegos Instagram
About Author
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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