cedars the third

[cedars the third @cedars_the_two]

@JpThieriot @CredEarn @tribe_leader @ihaveCred @FlareNetworks Please be aware people are getting tied into commitments with no win no fee contingency lawyers. Please act fast and keep us updated every step of the way before we pass the point of no return. We are right on the edge already.

[cedars the third @cedars_the_two]

It may "only" be a 80m hole 🙂 but for 6000 extremely grateful new customers and the gratitude and goodwill of the entire sector, and the public as whole, it may be good business.

[cedars the third @cedars_the_two]

It's about restitution. Not punishment. Make us whole and all is forgiven @dschatt

[cedars the third @cedars_the_two]

@JoePile5 @arrington Did @arrington reply? Their due diligence could assist other Cred creditors in pursuit of their funds and knowing how to proceed in C11.

[cedars the third @cedars_the_two]

Had to Google it, "C-suite refers to the executive-level managers within a company ... include chief executive officer (CEO), chief financial officer (CFO), chief operating officer (COO), and chief information officer (CIO)." Entire CRED c-suite on the hook for PERSONAL LIABILITY

[M ιKΞ MιCHΞ L-1N @mikemichelin]

"An announcement was made to Cred employees in Oct, but the c-suite was aware of the incident in Aug. From when the fraud was discovered in Aug to notifying the team, Schatt reminded employees that they should continue to add more clients to offset the loss in assets."

[cedars the third @cedars_the_two]

@JoePile5 @SFOhereweGO @ihaveCred @dschatt It's a mess. What is an O/S loan? Thanks for shining a light on these shadows

[cedars the third @cedars_the_two]

@Saul2GoodmanEsq It either shows Schatt's dishonesty or JP's dishonesty or both. There is no scenario where they both honest.

[cedars the third @cedars_the_two]

Cred disclosed all financial difficulties to potential institutional investors in August, but concealed it from private investors until 27 October! After August, Cred pushed hard for MORE loans from private creditors - increasing rates to 13% - while hiding the truth. #robbery

[M ιKΞ MιCHΞ L-1N @mikemichelin]

Tons of new investigative information coming to light about the #CredEarn fiasco. @ihaveCred and @dschatt knew long ago about the problems and have a pattern of hiding it from investors & employees. https://t.co/VhXEJvaoXR

[cedars the third @cedars_the_two]

Leverage your genius and turn this ship around

[Enrico Ferro @egferro]

@Mashinsky Any chance of stepping in as a trustee to help fixing the mess created by @ihaveCred and save the face of the crypto industry? After all, it may represent a good business opportunity and it would greatly benefit your company brand.

[cedars the third @cedars_the_two]

@JoePile5 @ihaveCred I don't know. If Cred can prove its case against JA, all actual losses flow from JA acts and omissions, including fake KYC verification of imposter. There is no default on the moKredit loan.

[cedars the third @cedars_the_two]

@UpholdInc Missing the point. If you succeed, you are awarded damages from an insolvent company. You join the list of creditors. Just another mouth to feed. How do you intend to increase the total funds available to the creditors or this irrelevant to you? Maybe it's just about appearances?

[cedars the third @cedars_the_two]

@h3_extrachars @t4r89 @dschatt @Lockton

[cedars the third @cedars_the_two]

@CryptoTruth21 @dschatt @ihaveCred As of the Petition Date, approximately $39 million in loans to moKredit remained outstanding. CLAIM

[cedars the third @cedars_the_two]

@dschatt @ihaveCred Contrast this to Schatt's sworn testimony https://t.co/47IzGLjhvl number 12

[cedars the third @cedars_the_two]

@dschatt @ihaveCred CRED'S CLAIMS:

8. Funds are swept to one of our custodians who have their own individual insurance policies. BitGo & Bittrex being our two largest partners

Regulatory:

Cred take a conservative approach to compliance with all local lending laws in jurisdictions where we operate

[cedars the third @cedars_the_two]

@dschatt @ihaveCred CRED'S CLAIMS:

9. .  We have a compliance team and periodic outside audits.  Our service providers include top legal, consulting, servicing and other.