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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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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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Moorbridge Cyber Security Cracks Major Crypto Theft Case Leveraging Advanced PT and Threat Isolation Tools to Recover Stolen Assets

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In a breakthrough that underscores the escalating battle between cybercriminals and modern digital defenders, Moorbridge Cyber Security headquartered at Newstead House, Pelham Road, Nottingham, UK has successfully recovered a large amount of stolen cryptocurrency for a private firm, marking one of the year’s most impressive crypto theft turnarounds.

The case began when the victim company discovered that a hacker had infiltrated its digital wallet infrastructure and siphoned off a substantial sum of cryptocurrency. The attacker attempted to cover their tracks by routing the stolen assets through a maze of blockchain addresses, a tactic that in many situations leaves victims with little chance of recovery.

However, the company’s decision to bring in Moorbridge Cyber Security shifted the course of the investigation entirely.

High Velocity Investigation Powered by PT and AI Driven Threat Isolation

Upon receiving the case, Moorbridge deployed a combination of its elite Penetration Testing PT intelligence, Server Defence systems, and Threat Isolation AI tools. These technologies allowed investigators to retrace the attacker’s movements, identify exploited vulnerabilities, and track the stolen funds across several blockchain networks.

“Blockchain is far more transparent than criminals assume,” a Moorbridge analyst noted. “When you combine live PT diagnostics with real time threat isolation AI, every movement leaves a trail.”

The company’s Server Defence division also secured the compromised infrastructure, preventing further unauthorized access while the recovery operation was underway.

DRaaS Ensures Business Continuity Throughout the Crisis

To stabilize the affected company’s operations during the investigation, Moorbridge initiated its Disaster Recovery as a Service DRaaS framework. This enabled the client to restore affected systems, re establish secure access points, and maintain operational continuity while forensic work was carried out.

This layered strategy ensured both business stability and precise investigative conditions, forming a crucial part of the recovery success.

A Major Win in an Expanding Digital Arms Race

The operation led to the recovery of a significant portion of the stolen cryptocurrency, an achievement that stands out in a landscape where stolen digital assets often vanish permanently.

This success strengthens Moorbridge’s reputation as a leading authority in crypto asset recovery, cyber forensics, advanced server defense, and blockchain security across the United Kingdom and beyond.

As cyber threats grow more sophisticated and digital assets increase in value, analysts highlight the pressing need for businesses to adopt advanced PT practices, hardened server setups, AI powered threat isolation, and dependable disaster recovery systems.

Reinforcing the Future of Digital Protection

Moorbridge Cyber Security has indicated plans to expand its investigative and recovery technologies, including new AI enhanced forensic engines and more advanced DRaaS capabilities for large scale enterprise environments.

With digital finance becoming a core part of modern business operations, Moorbridge’s latest achievement serves as a strong reminder that cybercriminals may be evolving, but so are the defenders committed to stopping them.

To learn more, visit www.moorbridgecyber.com

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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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Moorbridge Cyber Security Recovers Crypto – National Agencies Can’t or Won’t?

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Moorbridge Cyber Security leverages cutting-edge AI developments and computer forensic science to help clients recover cryptocurrency from both FX exchanges and online wallets. The organization works with leading providers of blockchain solutions and employs advanced programming of AI-driven software, on-chain analysis, penetration testing, and investigative research to track and recover digital assets.

Recognized in the field as a leader in computer forensics, Moorbridge uses sophisticated analytical methods to gather cyber evidence. The company offers round-the-clock security services, training, and cyber risk management to financial managers, traders, cryptocurrency reserves, blockchain organizations, and other individuals exposed to digital threats.

Their expertise has prevented numerous security breaches, malware attacks, and fraudulent schemes. Every cybercrime can be traced and investigated with the company’s support. To ensure transactions remain safe, Moorbridge Cyber Security provides crypto forensic services to businesses, regulators, law enforcement, and private clients.

The cryptocurrency market is projected by top crypto firms to be worth billions of dollars, but cybercrime continues to threaten digital assets. Handling millions in assets, the organization investigates specific crypto addresses, transactions, and entities, linking them to real-world perpetrators while providing insights into vulnerabilities and potential attack vectors.

Moorbridge Cyber Security creates detailed network visualizations of wallets and their internal transactions. Through its Exposure Trails, clients can explore actionable intelligence in a visual format, revealing patterns, anomalies, and suspicious activity. The company provides comprehensive guidance on all aspects of digital forensics, penetration testing, and secure asset recovery.

Furthermore, the team works directly with clients to understand their digital security challenges and support recovery from compromised online wallets and other digital cryptocurrency resources. Their technical experts quietly combine investigative skill, cyber expertise, and AI-driven analysis to deliver precise results across multiple sectors.

About Moorbridge Cyber Security

Founded in 2016, Moorbridge Cyber Security Limited is a trusted player in digital forensics. Sometimes referred to as “computer forensic science,” it provides crypto forensic services, AI-assisted investigations, penetration testing, and cybercrime tracking. Investigation specialists collaborate closely with clients to fully understand their needs and respond to cyber threats or security incidents. 

Potential clients can connect with the team through their official website: www.moorbridgecyber.com

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Press Release

BusinessFig Explores Imagix Crystal Ball Frenzy

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News outlets report soaring demand for the Imagix Crystal Ball, with scalpers listing it for over $450 as stores sell out. Imagix urges shoppers to avoid resellers and buy only from BestBuy.com as more stock becomes available.

New York, NY, United States, 22nd Nov 2025 — BusinessFig.com, a leading business and consumer trends news platform, has published a featured report on the soaring demand for the Imagix Magic Crystal Ball Companion, a holographic smart toy emerging as one of this year’s most coveted holiday items. The full article is available HERE 

The BusinessFig.com story details unnervingly long lines at Best Buy stores, frequent sellouts, and resellers listing the product for more than four hundred fifty dollars on online marketplaces. The coverage includes statements from an Imagix spokesperson urging consumers to avoid third-party sellers and to purchase directly through BestBuy.com if local store stock is gone. Additional shipments are confirmed to be arriving throughout the holiday season.

Beyond the resale frenzy, the article examines the appeal of the Imagix Crystal Ball Companion: advanced holographic display, interactive character companions, and a screen-free play format that resonates with both children and parents. BusinessFig.com identifies the product as a standout in this year’s competitive toy market and a heralded example of how innovation is driving holiday must-haves.

About BusinessFig.com

BusinessFig.com is a digital news outlet covering business trends, retail innovation and consumer technology. The platform delivers actionable insights and high-visibility reporting for industry executives, marketers and everyday consumers alike.

About Imagix
Imagix is the company behind the Imagix Magic Crystal Ball Companion, an advanced holographic interactive toy available at BestBuy retail locations and BestBuy.com.

Media Contact

Organization: BusinessFig.com

Contact Person: Gina Rathbourne

Website: http://businessfig.com/

Email: Send Email

Contact Number: +17325631832

Country:United States

Release id:37626

The post BusinessFig Explores Imagix Crystal Ball Frenzy 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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