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.
Founded in 2019, Air Tolentino is a locally owned and operated HVAC company providing reliable heating, ventilation, and air conditioning services across Northeast Florida. With a mission rooted in integrity and customer care, Air Tolentino continues to grow without losing the personalized touch that sets them apart.
Orange Park, FL, United States, 17th Jun 2025 – After five years of quietly becoming one of Northeast Florida’s most trusted HVAC service providers, Air Tolentino is stepping into the spotlight—ready to expand and serve even more homes and businesses across Orange Park and beyond.
Led by owner Mark Tolentino and HVAC veteran Kris Latuch, Air Tolentino has built its reputation solely through word-of-mouth referrals, offering fast, honest, and family-style service with no gimmicks or sales pressure. Now, with plans to launch subscription maintenance services, open a dedicated Orange Park location, and potentially expand into commercial HVAC, the team is turning up the heat.
“We’ve always focused on treating people like family,” said Kris Latuch, who’s served alongside Mark for the past three summers. “Now we’re ready to bring that same energy to more customers, without sacrificing the quality that’s gotten us this far.”
Air Tolentino serves:
- Orange Park
- Jacksonville
- Fleming Island
- St. Augustine
- Ponte Vedra Beach
- and surrounding areas
Whether it’s emergency AC repair, routine maintenance, or a complete system overhaul, Air Tolentino is committed to keeping Florida cool—one home at a time.
Media Inquiries & Interviews:
Mark Tolentino
(904) 314-4564
https://airtolentino.com/
6625 Argyle Forest Blvd #4
Jacksonville, FL 32244
Media Contact
Organization: Air Tolentino
Contact Person: Kris Latuch
Website: https://airtolentino.com/
Email: Send Email
Contact Number: +19043144564
Address:6625 Argyle Forest Blvd #4
City: Orange Park
State: FL
Country:United States
Release id:29249
The post Orange Parks Best-Kept Secret in AC Repair Is Ready to Make Noise Meet Air Tolentino 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
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.
Pakistan, 17th Jun 2025 – In the fast-paced world of NFTs, timing and presentation are everything. From art-based collections to utility-driven tokens, NFT creators face the challenge of standing out in a crowded digital space. A press release can play a crucial role in building excitement and legitimacy around a launch.
This service is built for NFT and Web3 creators who want to announce their collections with clarity and professionalism. Whether you’re revealing minting dates, artist collaborations, or introducing staking mechanics — a strong PR can significantly increase your reach.
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A well-written press release ensures your audience — whether they’re potential buyers or community members — understands the value and vision behind your drop. Let your launch story be heard loud and clear.
Check out the gig now: NFT PR Service on Fiverr
Media Contact
Organization: Khizra Amer PR Services
Contact Person: Khizra
Website: https://www.fiverr.com/s/421E26B
Email: Send Email
Country:Pakistan
Release id:29132
View source version on King Newswire:
Announce Your NFT Drop with Confidence Using Professional Press Releases
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.
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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
Drs Osman Ahmed and Mikin Patel Launch Joint and Vascular Institute to Deliver Patient-Centered Minimally Invasive Care in Chicago
The Joint and Vascular Institute, a leading provider of minimally invasive procedures for pain relief and vascular conditions, is proud to debut its founders and clinical leaders: Dr. Osman Ahmed and Dr. Mikin Patel. As visionaries behind the Institute, Drs. Ahmed and Patel established the practice to revolutionize outpatient care through innovative, patient-first interventional radiology solutions. Conceived from their shared mission to make world-class, image-guided therapies more accessible to the patient community, the Joint and Vascular Institute now serves greater Chicago area with a unique blend of compassion, precision, and speed-to-recovery that is redefining what it means to receive modern vascular and joint care.
Libertyville, IL, United States, 17th Jun 2025 – The Joint and Vascular Institute, a leading provider of minimally invasive procedures for pain relief and vascular conditions, is proud to debut its founders and clinical leaders: Dr. Osman Ahmed and Dr. Mikin Patel.
As the visionaries behind the Institute, Drs. Ahmed and Patel established the practice to revolutionize outpatient care through innovative, patient-first interventional radiology solutions.
Conceived from their shared mission to make world-class, image-guided therapies more accessible to the patient community, the Joint and Vascular Institute now serves greater Chicago area with a unique blend of compassion, precision, and speed-to-recovery that is redefining what it means to receive modern vascular and joint care.
Co-Founder Dr. Osman Ahmed, MD
Dr. Ahmed brings unmatched clinical knowledge and a patient-first philosophy. He specializes in treating osteoarthritis and other musculoskeletal pain conditions, BPH (enlarged prostate), uterine fibroids, and internal hemorrhoids using advanced embolization techniques.
He is also a leading expert and pioneer in the United States for the advancement of genicular artery embolization, a minimally invasive treatment for symptomatic knee osteoarthritis.
Dr. Ahmed is a board-certified vascular and interventional radiologist and a Professor of Radiology. He graduated from the University of Illinois College of Medicine, completed his internship at NorthShore University HealthSystem, his residency at the University of Chicago Medicine, and his fellowship at the Stanford University School of Medicine.
“One of the greatest parts of my job is offering patients options they haven’t heard of before—real alternatives to surgery,” Dr. Ahmed explains. “Seeing them recover quicker and return home sooner makes everything worthwhile.”
Dr. Ahmed’s contributions extend well beyond patient care. A noted researcher and international speaker, his work has been featured in top medical journals including Radiology, Chest, Journal of Vascular and Interventional Radiology, and Journal of Surgical Oncology. He is a passionate advocate for expanding access to innovative treatments and educating the next generation of physicians
Co-Founder Dr. Mikin V. Patel, MD
Dr. Patel is focused on offering patients alternatives to traditional surgery that are not only effective but also far less disruptive to daily life. His approachable style, combined with deep technical expertise, empowers patients to take an active role in their care and recovery.
“For years, we have been pioneering and teaching other doctors how to perform innovative, minimally invasive treatments to help patients. Now, we have figured out how to bring these same treatments to the patients without having to deal with the headache of a big hospital. Getting high level care doesn’t have to be complicated. We’re about improving quality of life in a way that’s safe, effective, and convenient.”
Dr. Patel is a board-certified expert in Interventional Radiology and Diagnostic Radiology. He earned his medical degree from the University of Illinois College of Medicine and completed his internship at NorthShore University HealthSystem. He then trained at the University of Chicago Pritzker School of Medicine and completed a prestigious fellowship at Northwestern Memorial Hospital.
A Different Kind of Healthcare Experience
The Joint and Vascular Institute reimagines the outpatient healthcare experience. The mission: deliver highly specialized interventional procedures in a welcoming environment where patients receive direct access to physician expertise without the cost, complexity, or recovery of major surgery.
Located in Libertyville, IL, the Institute provides minimally invasive, image-guided solutions for:
- Hemorrhoid Artery Embolization
- Genicular Artery Embolization (knee pain relief)
- Shoulder Artery Embolization (frozen shoulder treatment)
- Uterine Fibroid Embolization (UFE)
- Prostate Artery Embolization (PAE for BPH)
- Plantar Fasciitis Embolization
- Hip Embolization
- Thyroid Embolization
These procedures are performed through a small incision, often in under an hour, using imaging technology that guides precision tools to the treatment site. The result is reduced pain, fewer risks, and faster recovery—all without general anesthesia or a hospital stay.
“We’re not just treating symptoms—we’re partnering with our patients from the first visit onward,” says Dr. Ahmed. “Every procedure is a coordinated effort between our physicians, nurses, technologists, and support team to deliver the best possible outcome.”
Empowering the Community Through Education and Access
One of the foundational goals Dr. Ahmed and Dr. Patel had in creating the Joint and Vascular Institute was to increase access to world-class interventional care. Their practice not only removes many of the financial and recovery-related barriers associated with surgery but also emphasizes patient education and engagement.
“We’re helping people regain their quality of life—whether it’s being able to go up stairs without pain, sleep comfortably, or lift their grandkids. These may seem like small wins, but for our patients, they’re everything,” says Dr. Patel.
Looking Ahead: Vision and Values
As founders, Drs. Ahmed and Patel are committed to continual growth, innovation, and advocacy. The Joint and Vascular Institute is already a regional leader in outpatient interventional care, and plans are in motion to expand offerings and reach even more patients
“We’re here to change the way people think about getting treated,” says Dr. Ahmed. “Minimally invasive care isn’t just an option—it’s often the best one. We want to make sure every patient knows that.”
Visit the Joint and Vascular Institute
Patients and providers can learn more about services, scheduling, and conditions treated by visiting https://jointvascular.com or calling (847) 584-3959.
Media Contact
Organization: Joint & Vascular Institute
Contact Person: Dr. Osman Ahmed, MD
Website: https://jointvascular.com
Email: Send Email
Contact Number: +18475843959
Address:950 Technology Way
Address 2: Suite 250
City: Libertyville
State: IL
Country:United States
Release id:29247
The post Drs Osman Ahmed and Mikin Patel Launch Joint and Vascular Institute to Deliver Patient-Centered Minimally Invasive Care in Chicago 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
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.
Orange Parks Best-Kept Secret in AC Repair Is Ready to Make Noise Meet Air Tolentino
Drs Osman Ahmed and Mikin Patel Launch Joint and Vascular Institute to Deliver Patient-Centered Minimally Invasive Care in Chicago
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