Press Release
1847 Holdings Delisted: Not a Failed Business—A Publicly Traded Ponzi Scheme
With the April 3, 2025 delisting of 1847 Holdings LLC (EFSH), following the prior bankruptcy and delisting of its spinoff Polished.com, it is time to stop framing these as ordinary business failures. This is not a story of mismanagement, market volatility, or unfortunate investing. This is the unraveling of a nearly $700 million, decade-long Ponzi scheme—engineered under the veil of a publicly traded company, orchestrated by insiders who understood the system and abused it deliberately.
Many regulators instinctively reject the notion that a company listed on a national exchange and regulated by the SEC could be a Ponzi scheme. But regulation does not equal legitimacy. In the case of 1847 Holdings, the behavior follows classic Ponzi mechanics. The company would routinely raise capital through dilutive public offerings—often through secondary or follow-on offerings—and within approximately 30 to 45 days, issue dividends to shareholders. These dividends were not funded by profits or free cash flow. They were funded by the very capital just raised from new investors, redistributed to prior shareholders under the false pretense of operational success. This cycle occurred multiple times in the company’s early history, carefully timed to maintain a façade of credibility while draining public capital.
While Polished.com did not issue dividends, it raised more than $500 million in just three years before collapsing. There is compelling reason to believe that capital raised by Polished was also used—directly or indirectly—to prop up 1847 Holdings, bridging financial gaps and sustaining dividends that the company could not support on its own. These entities were controlled by the same external management firm, 1847 Partners, which operated both companies as vehicles of capital extraction rather than growth.
The illusion was further supported by a series of manufactured narratives—glowing press releases announcing acquisitions, synergies, or expansions that were either entirely fabricated or grossly misrepresented. Financial filings were padded with inconsistencies, questionable adjustments, and, tellingly, blanket disclaimers citing “material weaknesses in internal controls.” These disclosures functioned not as a sign of transparency, but as legal insulation from the inevitable consequences of deception. Meanwhile, insiders enriched themselves through management fees, consulting agreements, preferred share arrangements, and undisclosed perks, all while shareholder value was systematically destroyed.
One of the most abusive mechanisms employed was the repeated use of reverse stock splits—eight in total. After each split reset the share count and artificially elevated the stock price, new rounds of toxic dilution would begin. It was a cycle of destruction: reverse, dilute, raise, repeat. Shareholders were diluted into oblivion while insiders benefited from preferred structures and private placements. They squeezed every last penny from the public float, like wringing a lemon dry—then wringing it again and again until nothing was left.
At the center of this scheme was 1847 Partners, controlled by Ellery Roberts and Louis A. Bevilacqua. Bevilacqua is not a passive legal advisor billing for filings. He is the architect of this fraud. As a licensed attorney, he used his expertise not to ensure compliance, but to build the legal and corporate infrastructure of a publicly traded Ponzi scheme. He structured the acquisitions, drafted the offerings, and embedded just enough plausible deniability into public filings to shield himself and his partners from immediate scrutiny. His role wasn’t supportive—it was foundational.
What makes this more egregious is that many of the companies acquired under 1847 Holdings were decades-old, cash-flow-positive businesses—some operating for nearly a century. These were not distressed assets; they were viable enterprises that should have thrived with hundreds of millions in capital behind them. Instead, they were looted, saddled with debt, mismanaged by design, and pushed into bankruptcy. In 2024 alone, nine bankruptcies occurred across the 1847 and Polished portfolios. The only reason the scheme collapsed was because NYSE rules prohibited further reverse splits, cutting off the final escape route.
For over a year, I have been stating clearly and publicly that this was a Ponzi scheme. The difficulty is that Ponzi schemes are often invisible to regulators until they become criminal cases. But if a company raises money under false pretenses, uses that money to pay earlier investors, fabricates press and financials, enriches insiders while leaving a trail of bankruptcies—it doesn’t matter whether the scheme was private or public. You don’t need the word “Ponzi” in the statutes to see what’s happening. This wasn’t an investment opportunity gone bad—it was a fraud with a ticker symbol.
And this isn’t just about 1847 Holdings or Polished. This conduct has harmed the broader microcap space. Bankers, lawyers, and issuers across the industry should take Louis Bevilacqua’s actions personally. He is a large part of the reason why public markets have become harder to access for legitimate small businesses. Rules are tighter, scrutiny is higher, and investor trust is weaker—because of individuals like him. He didn’t just steal from shareholders; he set back an entire ecosystem.
This is not a trivial matter. This is not a learning opportunity. This is one of the most brazen, sustained acts of public market fraud in recent memory. Nearly three-quarters of a billion dollars raised, countless companies destroyed, and shareholders devastated—while insiders walked away enriched. The SEC, DOJ, and FINRA must act. Louis Bevilacqua and Ellery Roberts must be investigated, and if appropriate, prosecuted. The record is clear. The intent was deliberate. The consequences are real. Now, accountability must follow.
Media Contact:
Matthew Miller
Strategic Risk LLC
Bronx
NY
United States
914-306-4771
matt@strategicriskllc.com
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.
Stablecoins’ fiat-backed stability, high liquidity, and growing use in payments have led to a surge in real-world usage this year. By the end of 2024, the stablecoin market reached a capitalization of $202 billion, a 64.3% increase year-over-year, and transaction volume skyrocketed past $4 trillion monthly.
D’CENT looks to capitalize on this growing trend by going beyond listing features to deliver an experience designed for active participation.
Moving Toward Self-Custody
As adoption rises, users are moving away from exchanges and custodial services, and toward self-custody. More than 100 million digital wallets now store stablecoins, with over 25 million monthly active users.
Wallet downloads are also rising sharply, reflecting not just interest, but active participation in on-chain transactions, from payments to bridging, swapping, and even DeFi engagement.
Wallets Are Becoming Action Platforms
Stablecoins have evolved from being a passive tool for storage to now the front end of user interaction with blockchain technology.
In the first half of 2025, global mobile wallet users surpassed 35 million, and wallets like Coinbase Wallet, Trust Wallet, and MetaMask reached record highs in usage. On-chain activity per user is steadily increasing, not just in volume, but in complexity.
This evolution is redefining what users expect. Security has become a baseline rather than a differentiator. What matters now is accessibility, effectiveness, and successfully managing portfolios with efficient interaction with decentralized applications (dApps).
Hardware Wallets Must Adapt
The shift toward active engagement has major implications for hardware wallets. Once reserved for technical users, hardware wallets are now entering the mainstream. But user expectations have changed: people want intuitive, execution-ready tools, not cold storage with clunky interfaces.
The market is responding. Major players like Ledger and Trezor have updated their designs and infrastructure, but many wallets still struggle to move beyond storage-centric thinking. Today’s user wants a wallet that not only secures assets, but also helps guide decisions, facilitate actions, and provide contextual information, all in real time.
D’CENT: All-in-One, Ready for All
D’CENT Wallet rises to this challenge by offering more than security. Whether you’re new to crypto or a seasoned investor, D’CENT combines bank-grade protection with a powerful user experience built for action.
From structured onboarding to its built-in rewards system, D’CENT makes it easy to take your first steps on-chain. Gradual, supported guidance helps Web3 newcomers build confidence while staying in control.
D’CENT also introduces on-chain insight, a feature that surfaces network-level activity shifts like liquidity movements and transaction volume spikes. With trend alerts, users receive timely notifications when critical price zones are hit, allowing them to act immediately without leaving the wallet.
The result is a seamless interface where both judgment and execution happen in one place.
Keeping Up With The Market
As stablecoins become the backbone of digital finance, the expectations for wallets are rising. Investors are no longer content with passive tools. They need wallets that can deliver insights, facilitate real-time action, and keep pace with rapidly evolving user behavior.
D’CENT looks to be the solution by not just being another secure place to store digital assets, but a reliable interface for action, an engine for judgment, and a companion for navigating the Web3 world.
About D’CENT
Developed by IoTrust, D’CENT is the world’s first biometric hardware wallet, built with SE (Secure Element) and TEE (Trusted Execution Environment) technology to ensure bank-grade security for your digital assets.
But D’CENT goes beyond security. It empowers users to unlock rewards, access exclusive benefits, and interact with Web3 services. As the only wallet offering both hardware and software solutions, D’CENT gives you the flexibility to secure, earn, and engage, all in one place.
Now with advanced portfolio features like real-time profit and loss, average cost tracking, and on-chain market insights, D’CENT helps you manage your crypto smarter.
For additional information and regular updates, visit D’CENT’s official website alongside its X (Twitter), GitHub, and YouTube channels.
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.
Lawrenceville, GA, 5th August 2025, ZEX PR WIRE, Living in Georgia can be wonderful if residents forget about its fluctuating weather conditions. Unfortunately, homeowners, especially those with flat or low-slope roofs, frequently experience roof damage caused by extreme temperature changes, heavy rainfall, and scorching heat in summer. Constant leaks, cracks, and rising utility bills are just a few of the issues Georgia property owners contend with regularly. In response to these challenges, WaterTite Exteriors has officially launched a new roof coating service for flat and low-slope buildings across Lawrenceville and surrounding areas.
With easy installation of roof coatings on flat and low-sloped buildings, residents of Lawrenceville can experiment with a new look.
This new launch is designed for a cost-effective, eco-friendly, and low-disruption alternative for full roof replacement. The improved roof coating acts as a barrier against severe weather conditions and helps in extending the life of the roof. The newer coatings are highly reflective, meaning they prevent the absorption of heat and keep buildings cool. They are also resistant against UV radiation. Building owners can now protect their existing roofing systems with an energy-efficient and affordable approach, all with one roof coating service.
According to a spokesperson of WaterTite Exteriors, “We’ve seen firsthand the roof damage caused by the fluctuating weather in Lawrenceville, which compelled us to design a sustainable alternative instead of diving into full tear-offs. The damage and money involved during this tear-off can cost more to building owners than they can recover. That’s why this service aims to save costs, efforts, and time of everyone involved without the headache of full replacement.”
The benefits of this launch are not just limited to weather resistance. New roof coatings offer homeowners an affordable way to refresh the exterior of their homes with a brand-new look. They also make maintenance vastly easier, too. The launch highlights WaterTite Exteriors’ dedication to delivering top-tier, cutting-edge roofing services. This milestone further strengthens the company’s commitment to providing practical and durable commercial roofing in Lawrenceville, reinforcing their reputation for excellence in both residential and commercial projects.
For inquiries, contact WaterTite Exteriors using the details provided below.
About WaterTite Exteriors
Based in Lawrenceville, GA, WaterTite Exteriors is a trusted name, delivering swift roof repair and improvement services. Known widely for their reliable inspections, expert craftsmanship, honest pricing breakdowns, and 24/7 service, they help building owners make wise investments for their future. With more than 15+ years of workmanship and unmatched local experience, WaterTite Exteriors continues to raise the bar for roofing solutions in Lawrenceville, GA.
Contact Details
Website: https://watertiteexteriors.com/
Phone: (678) 597-8493
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.
San Francisco, California, 5th August 2025, ZEX PR WIRE, As cryptocurrency evolves from a speculative asset into a mainstream financial instrument, investors are increasingly searching for predictable income streams. Amid market volatility and the decline of traditional savings yields, Quid Miner has emerged as a go-to platform for those seeking hands-free crypto earnings. Its mobile-friendly cloud mining app is now available in over 180 countries, empowering anyone with a smartphone to earn digital assets like BTC, ETH, and XRP.
XRP, one of the most widely adopted digital assets for cross-border transactions, is celebrated for its lightning-fast settlement times and minimal fees. Backed by Ripple’s extensive banking partnerships and real-world use cases, XRP continues to gain traction among institutions and long-term holders alike.
How Quid Miner Makes Crypto Mining Easy for Everyone
Legally registered in the UK since 2010, Quid Miner has spent the last decade dismantling barriers in crypto mining. The platform is designed for simplicity—users can begin mining top cryptocurrencies like BTC, ETH, XRP, DOGE, and LTC without the need for hardware, coding, or prior technical experience.
Powered by AI, Quid Miner intelligently reallocates computing resources to the most profitable pools in real time, maximizing yield with every block.
“Mining used to be a high-barrier, high-risk game. We’ve flipped that model,” said a Quid Miner spokesperson. “Now, it’s secure, instant, and accessible to anyone with a phone.”
What Is Cloud Mining and How It Works in 2025
Cloud mining allows users to lease processing power from enterprise-grade data centers. Rather than setting up costly rigs or worrying about electricity bills, users can subscribe to mining plans and receive daily payouts—no technical maintenance required.
This model is particularly appealing to those seeking portfolio diversification and passive income without the stress of market timing.
Why Quid Miner Is the Best Cloud Mining Platform This Year
In an economic climate defined by inflation, rising tariffs, and fluctuating interest rates, passive income solutions are in high demand. Quid Miner offers a reliable, globally compliant system for stable returns.
As one of the best cloud mining apps for beginners, Quid Miner makes it easy to earn passive income from BTC, XRP, and DOGE with minimal effort.
Core Benefits of the Quid Miner App:
- AI Optimization Engine – Dynamically allocates computing power across coins and pools to maximize daily earnings.
- Robust Security – McAfee® and Cloudflare® ensure platform integrity and 24/7 uptime.
- Multi-Coin Support – Supports BTC, ETH, XRP, DOGE, LTC, SOL, BCH, and USDT.
- User Incentives – $15 welcome credit, referral rewards up to 4.5%, and daily login bonuses.
- Mobile-First Dashboard – Full functionality via iOS and Android apps—track performance in real time, anytime.
Start Mining BTC, XRP, and DOGE in Minutes with Quid Miner
- Choose Quid Miner as your provider — claim your $15 free mining plan and start earning up to $0.60 per day in passive income.
- Create an Account — Register with your email, access your dashboard, and begin mining instantly.
- Select a Mining Contract — Choose from a variety of plans tailored to different budgets and earning goals.
Please click to view the safe and profitable mining contract plan
Trusted Globally
Quid Miner was legally registered in the UK in 2010 and began offering professional cloud mining services in 2018. The company operates strategically located mining centers in the United States, Canada, UAE, and Kazakhstan. Designed for scale and sustainability, these centers utilize advanced cooling systems and renewable energy sources, ensuring maximum uptime and minimal environmental impact.
With 24/7 multilingual support and a platform built for both individual users and institutional clients, Quid Miner continues to set the standard in crypto mining.
Final Thought: More Than Just Mining
Quid Miner is part of a broader shift in digital finance—one that emphasizes long-term infrastructure over short-term speculation. As user-friendly platforms like this emerge, crypto participation is no longer reserved for developers or traders.
Now, anyone can become a consistent earner in the digital economy.
Don’t wait for the next bull run. Start earning daily crypto rewards with Quid Miner now — no trading, no stress.
Sign up today to claim your $15 bonus and start mining BTC, XRP, and DOGE instantly.
Start mining BTC, XRP, DOGE with $15 bonus
Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.
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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