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.
IT-company Reputation House is the only one company from Dubai to be recognized as the winner this year
United Arab Emirates, 30th Apr 2025, – Reputation House, an IT-company based in Dubai, has been announced a winner at the American Business Awards (The Stevie® Awards) for its IT solutions in online reputation management. The company was recognized as a Gold Winner in two categories: Innovation of the Year (Business Services Industries) and Most Innovative Tech Company of the Year (Up to 100 Employees). Additionally, Reputation House received the Bronze Stevie® Award for Best Data Tools & Platforms.
This marks the second consecutive year the U.S. business community has honored Reputation House; the company captured one Gold and one Silver Stevie in 2024.
“Our 2025 tech expansion is about turning a once-traditional agency into a product-first software company,” said Dima Raketa, CEO of Reputation House. “Winning two Gold Stevies at America’s most respected business awards tells us we’re on the right path: our ecosystem of four interconnected tools will be redefining how global brands protect and grow their reputations. And we are just getting started.”
Kristina Shinkareva, COO, added: “This recognition belongs to our entire team — engineers and developers, data analysts, customer specialists, and every talent of Reputation House — whose hard work has turned big ideas into practical solutions that companies rely on every day.”
This year, Reputation House launched a full-scale technological transformation, unveiling four top-tier solutions that put complete online reputation control in clients’ hands. The new ecosystem starts with Reputation House Scan, which monitors mentions in 20+ languages, grades sentiment, and alerts teams to risks in real time. Account Control Center lets brands safely ignite and guide conversations across forums and social media, while the upgraded Reputation Check delivers fast, high-accuracy background reports on any partner, employee, or client. Rounding out the suite, the SERM Platform boosts search-engine rankings and surfaces positive content to the top of results pages.
Together, these tools mark Reputation House’s shift from a traditional agency to a product-driven tech company—and set a new standard for how businesses protect and grow their digital presence.
To learn more about Reputation House, visit: www.reputation.house
Media Contact
Organization: Reputation House
Contact
Person: Media Relations
Website:
https://www.reputation.house/
Email:
pr@reputation.house
Country:United Arab Emirates
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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
Under the patronage of Maktoum bin Mohammed DIFC to host 3rd edition of Dubai FinTech Summit on 12 and 13 May 2025
- His Highness: Summit reflects Mohammed bin Rashid’s vision of establishing Dubai as a global financial powerhouse
- Summit to draw over 8,000 attendees and 300 speakers from more than 100 countries, and over 1,000 investors alongside top decision makers, thought leaders and experts
- Essa Kazim: Through the summit, DIFC continues to showcase the tremendous opportunities for AI, FinTech and innovation companies in Dubai
- Future Sustainability Forum will be incorporated into the summit for the first time
- FinTech World Cup gives start-ups a platform to display solutions to investors, venture capitalists, and strategic partners
Dubai, UAE, 30th April 2025, ZEX PR WIRE, “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
– His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC
Government of Dubai Media Office – 13 April 2025: The Dubai International Financial Centre (DIFC) is set to host the third edition of the Dubai FinTech Summit on 12 and 13 May 2025, at the Madinat Jumeirah, Dubai, under the theme ‘FinTech for All’. The Summit, held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, will bring together global industry leaders, innovators, and policymakers to explore the latest trends and insights driving the FinTech sector.
His Highness Sheikh Maktoum bin Mohammed said: “The Dubai FinTech Summit reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, of establishing Dubai as a global financial powerhouse. The Summit is set to attract over 8,000 attendees and 300 speakers from more than 100 countries, as well as over 1,000 investors alongside top decision makers, thought leaders and experts. This reflects Dubai’s pivotal role in shaping the future of finance globally, while reinforcing its status as the destination of choice for businesses and entrepreneurs worldwide. We are committed to supporting FinTech in line with the goal of the Dubai Economic Agenda D33 to position Dubai as a top four global financial centre by 2033.”
Drivers of FinTech growth
The FinTech sector continues to grow and by 2030 global revenues are expected to reach $1.5 trillion, representing an estimated 7% of the total financial services market. This growth is driven by advancements in artificial intelligence, blockchain and digital banking, creating new opportunities for financial institutions and technology companies worldwide.
Dubai FinTech Summit is at the heart of these developments. Its agenda will address the future of finance, financial innovation and regulatory compliance, while highlighting the challenges and opportunities the sector presents. It will also cover the latest in key areas such as blockchain technology, AI-driven services, and digital banking. Furthermore, the summit will explore investment trends, global economic shifts, and cross-border regulations.
Attracting talent
His Excellency Essa Kazim, Governor of DIFC said: “Through the Dubai FinTech Summit, DIFC continues to showcase the tremendous opportunities AI, FinTech and innovation companies can access when they establish in Dubai. As we relentlessly foster an environment of innovation and excellence, we are solidifying Dubai’s position as one of the world’s foremost destinations for FinTech talent and investment.”
Accompanying exhibition and Future Sustainability Forum
Providing a global platform for innovation, building partnerships and driving the next wave of FinTech advancements, the Summit will also feature an exhibition with 200 exhibitors.
The Future Sustainability Forum will be incorporated into the Dubai FinTech Summit for the first time, and the alignment is reflected in the Summit’s theme of ‘FinTech for All’. Associated sessions will highlight accessibility, inclusivity and empowerment in the financial sector.
Key speakers
Amongst the distinguished lineup of speakers are His Excellency Marko Primorac, Deputy Prime Minister and Minister of Finance of Croatia; His Excellency Gilles Roth, Minister of Finance, Luxembourg; Timothy Adams, President and Chief Executive Officer, Institute of International Finance (IIF), USA; Tony O Elumelu, Chairman of United Bank for Africa and Founder of Tony Elumelu Foundation, Nigeria; and Vijay Shekhar Sharma, Founder & Chief Executive Officer, Paytm, India.
The Summit will feature start-up and country pavilions in the exhibition arena to showcase cutting-edge solutions from emerging and established players. Additionally, the FinTech World Cup will give promising FinTech start-ups a global platform to display their solutions to investors, venture capitalists, and strategic partners, and an opportunity for investors to find the next big idea.
Reflecting the continued importance of FinTech to the finance industry, the event is being supported by Emirates NBD as Premium Banking Partner, Commercial Bank of Dubai as Strategic Banking Partner; Relm Insurance as Strategic Partner; Presight as AI Industry Leader; Pay10 and Alibaba Cloud as Platinum Sponsors; Seoul FinTech Lab as a Pavillion Partner; and Business Sweden as the Country Partner.
Registrations for Dubai FinTech Summit are now open at dubaifintechsummit.com.
About Dubai FinTech Summit
Dubai FinTech Summit is an annual mega event organised by the Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region. The 3rd edition of the Dubai FinTech Summit will bring together over 8,000+ global industry leaders, 1,000+ investors and policy makers, signalling increased appetite for growth opportunities in the region.
Dubai FinTech Summit signals new wave of financial innovation, opportunity, transformation, and growth for the international financial services sector. As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2 per cent CAGR to USD949 bn from 2022 to 2030. The Summit aligns with the Dubai Economic Agenda D33’s strategic goal of propelling Dubai into the ranks of the top four global financial hubs by 2033.
The expanded programme of Dubai FinTech Summit is set to exceed expectations by delving into key tracks, including the future of FinTech, global economic trends, blockchain and cryptocurrency, regulatory compliance, and investment outlook. The summit stands as a thought leadership-driven platform, addressing industry challenges head-on and championing innovation.
For more information, contact:
Shadi Dawi
Sr. Director – PR, Comms., & Media
M: +971 55 498 4989 | E: shadi@tresconglobal.com
Media partners include:
Entrepreneur ME – Ecosystem Partner
Arabian Business – Business Media Partner
The FinTech Times – Newspaper Partner
Finance World Magazine – Finance Magazine Partner
The Technology Express – Technology Intelligence Partner
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.
Press Release
Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts
Safetyvalue Trading Center unveils Mobile App V2, featuring biometric authentication, customizable dashboards, and push notifications to support secure, high-speed crypto trading for users around the world.
Safetyvalue Trading Center today announced the official release of Safetyvalue Mobile App V2, a major update to its iOS and Android applications that brings powerful new features, optimized performance, and improved accessibility for global cryptocurrency traders. This latest version reflects the company’s focus on delivering a streamlined, user-friendly mobile experience without compromising on security or functionality.
The V2 upgrade introduces a redesigned interface that makes it easier for users to view markets, manage portfolios, and execute trades in just a few taps. In addition to the sleek new design, Safetyvalue has integrated biometric login options, including Face ID and fingerprint authentication, for enhanced account security and convenience.
Key upgrades include:
Biometric authentication for secure, password-free access
Customizable trading dashboard with real-time charts, order book, and price alerts
Push notifications for price movements, order execution, and system updates
NFT wallet view and direct marketplace access
One-click switching between spot, margin, and DeFi modes
Support for 10+ languages, including Spanish, Arabic, Japanese, and Portuguese
“The mobile experience is critical to modern crypto users, and V2 is designed to meet their evolving needs,” said a Safetyvalue product director. “Whether users are tracking NFT auctions, managing a diverse portfolio, or executing high-frequency trades, the new app ensures everything is accessible, fast, and secure—right from their pocket.”
The new app architecture has also been optimized for low-bandwidth environments and faster load times, especially in emerging markets. Safetyvalue has implemented advanced caching and real-time syncing mechanisms that allow users to stay connected even with intermittent internet access.
In addition to core trading features, Safetyvalue App V2 includes educational modules, how-to guides, and integrated customer support via live chat and help center browsing. This makes it easier for new users to onboard and begin trading with confidence, regardless of prior experience.
The updated mobile app plays a key role in Safetyvalue’s broader mission to provide borderless, 24/7 access to digital assets. It supports all Safetyvalue account types and integrates seamlessly with the platform’s unified multi-asset system, allowing users to manage fiat, crypto, NFTs, and DeFi positions from a single wallet interface.
App V2 is now available on the Apple App Store and Google Play, with rollout support for over 100 countries. Safetyvalue has confirmed that additional features—such as wallet connect integrations, staking dashboards, and multi-account switching—are in development for upcoming releases.
Download or learn more at:
https://safetyvalue.info
https://safetyvalue-review.com
https://safetyvaluetrading.center
https://safetyvaluetrading.pro
https://safetyvalue.wiki
Media Contact
Organization: Safetyvalue
Contact Person: Alexander Griffin
Website: https://safetyvalue.com/
Email: Send Email
Country:United States
Release id:27142
Disclaimer: The information provided in this press release is for informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Safetyvalue Trading Center does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult your financial advisor before making any investment decisions. Cryptocurrency trading involves substantial risk and may not be suitable for all investors.
View source version on King Newswire:
Safetyvalue Trading Center Launches Mobile App V2 With Biometric Login and Real-Time Alerts
It is provided by a third-party content provider. 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.
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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