Press Release
Louis A. Bevilacqua: The White-Collar Thug Looting Microcaps and Endangering Retail Investors
Louis A. Bevilacqua, who postures as a seasoned securities attorney and financier, is in truth the mastermind and enabler of one of the most audacious financial schemes ever inflicted on small investors. As a 10% owner of 1847 Partners — the external management firm that plundered 1847 Holdings, its offshoot Polished.com, and their subsidiaries — Bevilacqua operated with both hands dirty: one drafting legal shields, the other orchestrating the siphoning of shareholder capital into private coffers.

As the largest shareholder of 1847 Holdings, I witnessed this deception firsthand. I confronted CEO Ellery Roberts after investing significant capital in one of their private raises. He assured me the company could now “build on cash” and no longer needed outside funding. Within days, they launched another raise — and repeated this cycle again and again. These entities weren’t built to grow companies; they were engineered to funnel fresh cash to insiders while tossing scraps to public investors. In fact, 1847 Holdings quietly settled serious allegations from a former subsidiary owner who accused them of acting as an “alter ego” — using investor funds for personal indulgences rather than business operations.
The fraud followed a chillingly simple pattern:
1847 Holdings concocted financial reports and press releases designed to project strength while masking insolvency.
They raised money through private placements, then declared dividends shortly after — not to pay off early backers, but to create the illusion that shareholders would always receive dividends and that the company was stable and healthy. This is a textbook Ponzi marketing tactic, manufacturing confidence to attract new victims.

Boilerplate disclaimers about “material weaknesses” and “poor controls” served not as warnings, but as camouflage for what was, in effect, corporate theft. These so-called weaknesses existed by design, allowing Bevilacqua and Roberts to fabricate financials — primarily inflated top-line revenue figures — which they used to justify performance-based bonuses and manipulate share price ahead of capital raises.
Between 1847 Holdings and Polished.com, these insiders raised over $700 million. Investors believed they were funding growth — they were unknowingly fueling a sophisticated cash extraction machine.
And nearly every company Louis Bevilacqua touches follows the same grim pattern:
An initial hype-driven public debut… a sharp decline… fake acquisition announcements… convertible debt issued to predatory lenders… and finally, a slow collapse while insiders quietly cash out. It’s as though when a company wants to weaponize the public markets to defraud, someone says, “Hey, I got a guy.” That guy is Bevilacqua — the fixer, the architect, the enabler.

Ask yourself:
How does a collection of longstanding, profitable businesses suddenly implode after being acquired — despite hundreds of millions in funding?
Because they weren’t mismanaged. They were systematically looted. Money intended for growth vanished through insider dealings and financial shell games.
When I demanded a forensic audit, Louis Bevilacqua surfaced — not as outside counsel, but as a conflicted participant desperate to suppress the truth. On September 14, 2023, his law partner Joseph D. Wilson sent me a letter threatening criminal prosecution. The trigger? A recorded call between myself and CEO Ellery Roberts, in which Roberts made materially false statements about the company’s intentions regarding a planned reverse stock split — a major corporate event that would carry deleterious consequences for myself and other shareholders.
Roberts’ misrepresentations were not accidental or speculative — they were deliberate. He acted with scienter, knowingly providing false assurances in an attempt to prevent shareholder pushback and conceal the company’s true trajectory. The statements were made with intent to defraud, and the recording captured that intent in his own words.
Rather than address why their CEO had blatantly lied, Bevilacqua’s firm attempted to criminalize the exposure of that lie. Wilson’s letter warned:
“You have been reported to California legal authorities for having recorded the call without Mr. Roberts’ consent. It is a violation of Section 632 of the California Penal Code… A person who violates Section 632 can be subject to a fine, jail time of up to a year, or both.”
Then he escalated further:
“Your recording of the call may also be a violation of the federal Electronic Communications Privacy Act of 1986… as may be your intentional disclosure or use of the recording’s contents.”
Let’s be clear: this was not a good-faith legal objection. This was witness intimidation. The recording in question didn’t capture private banter — it captured a CEO engaging in material misrepresentations with the intent to defraud shareholders. Wilson’s goal wasn’t to uphold the law — it was to bury damning evidence and insulate a fraudulent executive from accountability.
And then, Louis Bevilacqua himself joined the offensive. Instead of explaining why his CEO had lied, Bevilacqua turned his attention to discrediting me — the whistleblower. In his own words, he wrote:
“It appears that you are intentionally trying to harass and damage the company by attempting to bring frivolous claims…”
But he didn’t stop there. In what can only be described as a chilling declaration of corporate policy, he issued the company’s stance on whistleblowers:
“Do note that the Company also takes wrongdoing and other conduct aimed at harming the Company by shareholders or third parties seriously. Among other things, the Company will not tolerate and will take swift legal and other action to address fraudulent or deceptive statements about the Company and threatening or harassing emails directed to Company officers, directors, or employees… The Company will act swiftly to address acts by shareholders or third parties violating federal securities laws.”
Translation: if you tell the truth, we’ll threaten you with criminal charges and accuse you of violating securities law. Bevilacqua didn’t refute the facts — he declared war on the person exposing them.
When those threats failed, they escalated again — hiring a third-party reputation management lawyer, the kind typically retained to scrub bad Yelp reviews, to send me a cease-and-desist letter accusing me of publishing “verifiably false” information. They demanded I retract my claims or face further legal action. Once again, I invited litigation. Once again, they went silent. Their intimidation tactics collapsed under the weight of the facts.
This is a hallmark move for Bevilacqua and Roberts: when caught, they don’t explain — they play the victim. Time and again, when shareholders realize they’ve been robbed and demand restitution, Lou and Ellery attempt to flip the narrative. They fabricate claims that they’re being harassed, physically threatened, or fear for their safety — none of which is true. These tactics are not about protection; they’re about deflection. They seek to reframe victims of financial fraud as aggressors, using reputational spin to shield themselves from accountability. It is a calculated strategy — one that allows them to continue looting while painting themselves as the ones under siege.
This victimhood theater was on full display during a so-called “fireside chat” in September 2023, where Ellery Roberts had the audacity to read from a scripted statement accusing shareholders of harassment, misinformation, and personal attacks. It was pure gaslighting. He looked visibly irritated — not because of the mounting evidence of fraud, but because he had to hold the session at all. It was clear: this wasn’t a leader facing the music. This was a con artist begrudgingly going through the motions, angry that anyone dared challenge his narrative.
And yet, Louis Bevilacqua still appears at microcap investor conferences, strutting among small-company executives as though he hasn’t left a trail of financial devastation in his wake. In photos, you’ll notice him proudly posing at these networking events — the image of a confident insider, dressed to impress and perfectly staged. But make no mistake: this is no coincidence. Bevilacqua must create the illusion that he is a respected thought leader — someone widely accepted in the financial community — because that image is his last remaining asset. It’s not about connection; it’s about credibility laundering.
To these event organizers: whether you’re aware of his history or not, let me be clear — accepting his sponsorship dollars and giving him a platform makes you complicit. That money belongs to defrauded shareholders. Until the millions looted through these schemes are seized and returned, every dollar Bevilacqua spends publicly should be frozen and clawed back. Anything less empowers future harm.
Let’s be brutally honest: this was not an isolated incident. Bevilacqua and his circle have executed variations of this blueprint across multiple microcap companies, refining it to perfection. Each time they’re welcomed back into the room, new victims are created. Each time they escape prosecution, they grow bolder. This is organized, systemic, and ongoing.
Now is the time for real accountability.
The assets of Louis Bevilacqua and Ellery Roberts must be seized. While I cannot state as fact that they’ve moved funds offshore, one would have to reasonably conclude — based on the shell entities involved and the sheer magnitude of the scheme — that stolen investor capital has been funneled into jurisdictions beyond easy regulatory reach. It is the duty of the SEC, DOJ, and FINRA to follow those trails and recover what was taken.
As for Bevilacqua’s fate: I’ll leave that to the courts. But make no mistake — his continued freedom, while the wreckage of his schemes remains unresolved, is not just unjust. It’s dangerous — to every investor operating in the U.S. public markets.
Matt Miller
Strategic Risk LLC
New York
NY
United States
914-306-4771
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
The “ Finest Cultural Gifts from China ” Cultural and Tourism Trade Promotion Activity (Intangible Cultural Heritage and Time-Honored Brands Special ) was held in Kaifeng.
On October 31, the “Finest Gifts from China” Cultural and Tourism Trade Promotion Activity (Intangible Cultural Heritage and Time-Honored Brands Special Session) was held in Kaifeng, Henan. The event adopted an integrated online and offline format, combining exhibition, performance, sales, and interactive experiences. Through domestic and international platforms, it featured live broadcasts with images and videos, reaching a total audience of nearly 900,000, including 510,000 overseas viewers.

Photo courtesy of the event organizer.
The event was hosted by the Culture and Tourism Department of Henan Province and organized by the National Cultural Export Base, Cultural, Technological and Innovation Park, Administration of Kaifeng Area of China (Henan) Pilot Free Trade Zone, the Culture, Radio, Television and Tourism Bureau of Kaifeng , the Kaifeng Municipal Bureau of Commerce, China Tourism News, and CCMG Cultural Creative Development Co., Ltd.(Beijing), with support from the National Base for International Cultural Trade Cooperation Alliance.
The event focused on showcasing and promoting a selection of high-quality intangible cultural heritage and time-honored brand products and services that embody the essence of Eastern aesthetics, integrate modern design concepts, and meet international market demand. It also introduced inbound tourism routes and consumption services featuring intangible cultural heritage and time-honored brands to global audiences , vividly telling Chinese stories, demonstrating Chinese craftsmanship, and sharing Chinese lifestyle aesthetics. The event aimed to promote the high quality development of international cultural trade, strengthen cultural trade platforms, and advance the globalization of China’s cultural industry.
A total of 306 enterprises submitted products, services, and tourism routes for participation. Among them, 161 representative projects with both profound cultural heritage and strong international market potential were carefully selected and compiled into a promotional handbook.
Additionally, a “Song Dynasty Elegance” lifestyle market was set up, recreating scenes of Song-style aesthetic living through an integrated model of exhibition, performance, sales, and interactive experiences. Intangible cultural heritage and time-honored brands from 26 provinces across China participated, with a total of 256 booths, fully demonstrating the market appeal of heritage brands and the broad scope of cultural exchange.


“Song Dynasty Elegance” Lifestyle Market – Photo courtesy of the organizer
At the event, six intangible cultural heritage and time-honored brand enterprises conducted product roadshows, showcasing items such as Henan’s century-old Baiji Peanut Cake, Ningxia’s intangible heritage hemp weaving, and Beijing’s Kalim Tea. Three related organizations promoted inbound tourism routes, including Kaifeng-themed intangible cultural heritage tours and the Jianye Movie Town itinerary.
During the discussion session, four industry experts focused on key topics such as intangible cultural heritage preservation and innovation, cultural export strategies, and legal risk prevention. They provided in-depth insights combining theoretical perspectives with practical value, laying a solid foundation for the healthy development of cultural and tourism trade.

Promotion of Henan’s Century-Old Baiji Peanut Cake. Photo courtesy of the organizer.

Promotion of Ningxia Intangible Heritage Hemp Weaving – Photo courtesy of the organizer

Henan Weiqi Promotion – Photo courtesy of the organizer

Promotion of Kaifeng Inbound Tourism Intangible Cultural Heritage-Themed Routes Photo courtesy of the organizer.
Nearly 300 participants attended the event, including officials from cultural, tourism, and commerce departments across more than 20 provinces (autonomous regions and municipalities), representatives from intangible cultural heritage and time-honored brand enterprises, cultural trade companies, as well as experts, scholars, and media personnel.

Event Site – Photo courtesy of the organizer
The “Finest Gifts from China” Cultural and Tourism Trade Promotion Activity integrates domestic and international, online and offline resources to showcase, promote, and trade a selection of high-quality cultural and tourism products with distinctive Chinese characteristics and style that are popular in international markets. The event provides a platform for exchanges and cooperation between Chinese and foreign enterprises, promoting the expansion and optimization of cultural trade, while enhancing the international competitiveness and recognition of Chinese companies and brands.
Prior to this, the “Finest Gifts from China” Cultural and Tourism Trade Promotion Activity has held 15 special sessions, with growing attention and participation both domestically and internationally, steadily advancing the development of cultural trade.
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
CGTN: How China, ROK leaders open new prospects for ties at Gyeongju meeting
Following a face-to-face meeting between Chinese President Xi Jinping and ROK President Lee Jae-myung in Gyeongju, CGTN published an article highlighting how head-of-state diplomacy sets a new course for China–ROK relations and how the two countries can strengthen strategic communication, deepen cooperation, and promote mutual understanding for the benefits of both peoples and regional peace and development.
Just after dawn in Jeju, the Republic of Korea (ROK), crates of fresh produce are loaded onto a vessel bound for Qingdao in east China.
Launched on October 16, the Qingdao-Jeju container line is Jeju’s first regular international shipping route. Thanks to this route, a journey that once took two weeks can now be completed overnight.
More than just a faster trade link, it signifies a renewed rhythm in China-ROK cooperation. Two weeks later, on November 1, that momentum found its political echo when Chinese President Xi Jinping and ROK President Lee Jae-myung met in Gyeongju, ROK, to chart the next stage of bilateral ties.
At the meeting, President Xi described China and the ROK as “important close neighbors that cannot be moved away and cooperation partners that cannot be separated.” He stressed that “promoting the sound and steady development of China-ROK relations is always a right choice that serves the fundamental interests of the two peoples and conforms to the trend of the times.” Xi’s words set the tone for a relationship that, though tested by changes, continues to move forward with mutual respect and mutual benefit.
‘Important close neighbors that cannot be moved away‘
During the meeting, President Xi called for strengthening strategic communication and consolidating the foundation of mutual trust, urging both sides to respect each other’s social systems and development paths while properly handling differences through friendly consultations. He also emphasized joint efforts to uphold true multilateralism and promote a fairer global governance system.
High-level exchanges have warmed up in recent months. In August, President Lee sent a special delegation led by former National Assembly Speaker Park Byeong-seug to China for a four-day visit, carrying a personal letter from the ROK president with a clear message: to put bilateral relations back on a stable and constructive track. In September, National Assembly Speaker Woo Won-shik attended events marking the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War in Beijing, followed by Foreign Minister Cho Hyun’s first official visit in his current role, signaling Seoul’s commitment to dialogue and renewed trust.
Niu Xiaoping, assistant research fellow at the Shanghai Institutes for International Studies, sees the Gyeongju meeting as more than a routine encounter. Niu said President Xi’s visit played “a bridging and guiding role,” helping China and the ROK “recalibrate and define a new positioning” for their partnership.
‘Cooperation partners that cannot be separated’
Economic ties have long been the backbone of the relationship. China has been the ROK’s largest trading partner for 21 consecutive years, while the ROK has regained its position as China’s second-largest trading partner. In 2024, bilateral trade reached $328.08 billion, up 5.6 percent year on year.
President Xi called for accelerating the second phase of the China-ROK Free Trade Agreement and tapping the cooperation potential in emerging fields such as AI, biomedicine, green industries and the silver economy.
“To help one’s neighbor succeed is to help oneself,” said Xi. Lee, for his part, stressed that economic cooperation between the two countries is “vital and indispensable” when answering a question from a CMG reporter.
President Xi also highlighted the importance of better communicating with the media and the general public, sending more positive messages and checking tendencies that may harm the relationship.
This emphasis on public perception has found concrete expression in people-to-people exchanges. Since China introduced visa-free entry for ROK visitors last November, and the ROK followed with a temporary visa exemption for Chinese group tourists this fall, travel between the two nations has surged. People from the ROK made near 2 million trips to China from January to August this year, a 40-percent increase year on year.
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
CGTN: How China, ROK leaders open new prospects for ties at Gyeongju meeting
Following a face-to-face meeting between Chinese President Xi Jinping and ROK President Lee Jae-myung in Gyeongju, CGTN published an article highlighting how head-of-state diplomacy sets a new course for China–ROK relations and how the two countries can strengthen strategic communication, deepen cooperation, and promote mutual understanding for the benefits of both peoples and regional peace and development.
Just after dawn in Jeju, the Republic of Korea (ROK), crates of fresh produce are loaded onto a vessel bound for Qingdao in east China.
Launched on October 16, the Qingdao-Jeju container line is Jeju’s first regular international shipping route. Thanks to this route, a journey that once took two weeks can now be completed overnight.
More than just a faster trade link, it signifies a renewed rhythm in China-ROK cooperation. Two weeks later, on November 1, that momentum found its political echo when Chinese President Xi Jinping and ROK President Lee Jae-myung met in Gyeongju, ROK, to chart the next stage of bilateral ties.
At the meeting, President Xi described China and the ROK as “important close neighbors that cannot be moved away and cooperation partners that cannot be separated.” He stressed that “promoting the sound and steady development of China-ROK relations is always a right choice that serves the fundamental interests of the two peoples and conforms to the trend of the times.” Xi’s words set the tone for a relationship that, though tested by changes, continues to move forward with mutual respect and mutual benefit.
‘Important close neighbors that cannot be moved away‘
During the meeting, President Xi called for strengthening strategic communication and consolidating the foundation of mutual trust, urging both sides to respect each other’s social systems and development paths while properly handling differences through friendly consultations. He also emphasized joint efforts to uphold true multilateralism and promote a fairer global governance system.
High-level exchanges have warmed up in recent months. In August, President Lee sent a special delegation led by former National Assembly Speaker Park Byeong-seug to China for a four-day visit, carrying a personal letter from the ROK president with a clear message: to put bilateral relations back on a stable and constructive track. In September, National Assembly Speaker Woo Won-shik attended events marking the 80th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War in Beijing, followed by Foreign Minister Cho Hyun’s first official visit in his current role, signaling Seoul’s commitment to dialogue and renewed trust.
Niu Xiaoping, assistant research fellow at the Shanghai Institutes for International Studies, sees the Gyeongju meeting as more than a routine encounter. Niu said President Xi’s visit played “a bridging and guiding role,” helping China and the ROK “recalibrate and define a new positioning” for their partnership.
‘Cooperation partners that cannot be separated’
Economic ties have long been the backbone of the relationship. China has been the ROK’s largest trading partner for 21 consecutive years, while the ROK has regained its position as China’s second-largest trading partner. In 2024, bilateral trade reached $328.08 billion, up 5.6 percent year on year.
President Xi called for accelerating the second phase of the China-ROK Free Trade Agreement and tapping the cooperation potential in emerging fields such as AI, biomedicine, green industries and the silver economy.
“To help one’s neighbor succeed is to help oneself,” said Xi. Lee, for his part, stressed that economic cooperation between the two countries is “vital and indispensable” when answering a question from a CMG reporter.
President Xi also highlighted the importance of better communicating with the media and the general public, sending more positive messages and checking tendencies that may harm the relationship.
This emphasis on public perception has found concrete expression in people-to-people exchanges. Since China introduced visa-free entry for ROK visitors last November, and the ROK followed with a temporary visa exemption for Chinese group tourists this fall, travel between the two nations has surged. People from the ROK made near 2 million trips to China from January to August this year, a 40-percent increase year on year.
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 Release5 days ago
XNAP Token Set to Launch on Major DEX Platforms This November 2025 — Fueling the Synapse Power Ecosystem
-
Press Release1 day ago
PepePort Transforms Meme Finance PPORT Presale will be LIVE Monday 3rd November 2025 – Access to the Ultimate Meme Economy Opens Monday
-
Press Release1 week ago
Breaking Barriers for Entrepreneurs: Why Nicholas Sgalitzer Believes NexTech Labs is the Missing Link for Startups
-
Press Release3 days ago
Business Consulting Agency Empowers Los Angeles Businesses with Over 20 Years of Proven Expertise
-
Press Release4 days ago
ReyVend Unveils Next-Generation AI Vending and Smart Cooler Platform, Pioneering the Future of Automated Retail
-
Press Release4 days ago
MiniDoge shines at TechCrunch Disrupt boosting innovation in AI and Web3
-
Press Release6 days ago
Ustyle Magazine Redefines Digital Media with Fashion Beauty and Lifestyle Trends
-
Press Release3 days ago
Illumination Consulting Marks Over 25 Years of Excellence in Digital Strategy and Business Growth from Its Beverly Hills Headquarters
