Louis A Bevilacqua - Defrauded, Threatened, and Fighting Back: My Journey Through the 1847 Holdings Ponzi Scheme Internet

Disclaimer

The views and opinions expressed in this article reflect my personal observations and experiences as a former shareholder of 1847 Holdings LLC (EFSH). They are based on direct interactions with the company, an extensive review of publicly available information, and a detailed analysis of its financial practices and operations. This article is intended solely to provide transparency regarding my perspective and observations and does not constitute legal, financial, or professional advice, nor does it seek to solicit proxies, votes, or any specific shareholder action.

All financial figures and the magnitude of the losses referenced herein are approximations. These are based on a comparison of funds allegedly missing from the company with IPO proceeds, secondary offerings, loans secured against assets, promissory notes, and sums diverted through questionable consulting agreements. These figures are presented to highlight broader concerns regarding the company’s financial management and practices.

It is important to note that the company has suffered catastrophic stock losses amounting to 99.99% of overall shareholder value since inception, including 90-99% losses over the past 15 months. These losses occurred repeatedly, following four reverse stock splits. Each reverse split initially raised the stock price, only for shareholders to experience further substantial losses thereafter. This recurring cycle of reverse splits and subsequent value erosion underscores the need for an independent forensic audit to identify the root causes and ensure accountability.

In September 2023, I formally requested an independent forensic audit. However, company counsel rejected the request, characterizing it as an “attempt to harass the company.” Since that time, the company has effected an additional three reverse splits, following one that occurred just a week prior to my request. As a result, total losses since my request now amount to 99.999%, further affirming the critical need for an independent investigation.

This article also represents the interests of Polished Inc. (formerly 1847 Goedeker, POLCQ) shareholders, who were left financially devastated following Polished’s bankruptcy. As a spinoff of 1847 Holdings, Polished exhibits the same patterns of alleged financial mismanagement, which require immediate scrutiny and accountability.

This article is provided with the utmost effort to ensure the accuracy and integrity of the information presented. However, given the deliberate lack of transparency in the company’s disclosures, I acknowledge the potential for inadvertent errors or differing interpretations of certain details. Readers are strongly encouraged to conduct their own due diligence and independently verify any information contained herein.

Any forward-looking statements are based on my current beliefs, assumptions, and qexpectations. These statements remain inherently subject to risks, uncertainties, and external factors that may lead to materially different outcomes.

This document is intended solely to advocate for increased transparency, accountability, and the protection of shareholder rights.

The alleged fraud perpetrated by 1847 Holdings and its leadership isn’t defined by a single deceptive act; it’s a web of interconnected schemes and fraudulent activities that collectively form a calculated and methodical operation to exploit public markets and enrich insiders. From siphoning funds through excessive management fees and fake expenses to orchestrating coordinated defaults and fabricating financial narratives, the scheme has been built layer upon layer, creating an illusion of legitimacy while systematically draining resources. This is not a case of mismanagement or a few bad decisions—it is a deliberate and multifaceted fraud designed to destroy shareholder value, bankrupt subsidiaries, and transfer wealth into the hands of Louis Bevilacqua, Ellery Roberts, and their enablers.

Through this detailed breakdown of fraudulent conduct, my objective is to provide a clear and comprehensive picture for regulators, shareholders, and enforcement agencies. This scheme has persisted far too long, evading scrutiny and accountability while leaving a trail of financial destruction. By exposing the full scope and mechanics of this operation, I aim to compel decisive action to protect future investors, bring justice to those who have suffered losses, and ensure such calculated exploitation cannot continue unchecked.

Addressing 1847 Holdings’ Response to My First Article

At the beginning of this article, I will address the response from 1847 Holdings’ counsel to my previous piece, which I authored to bring to light serious allegations regarding the company’s practices. That article contained several dozen detailed allegations, all of which are outlined further within this piece. Despite the gravity of these claims, their response addressed only two of the allegations while vaguely asserting they would address the remainder of my “defamatory” claims at a later date—a response that has yet to materialize.

In the past month alone, I have received numerous threatening letters from their counsel, clearly intended to chill my First Amendment rights. These letters went so far as to fabricate allegations of criminal conduct on my part, blatantly aiming to discredit and intimidate me. Their lawyer has made baseless claims of harassment and defamation—not as part of any genuine legal argument but as a calculated tactic to suppress legitimate criticism. Among these accusations, they even accused me of extortion for demanding the return of my own money, which they had taken under false pretenses.

Yet, despite these threats, the company has never meaningfully addressed the specific allegations I raised. Instead, they have relied on blanket denials, dismissing the claims as “verifiably false” and “unequivocally false.” Shareholders of 1847 Holdings and Polished know, however, that my assertions are rooted in documented facts and truth. Their continued failure to engage with the substantive allegations only underscores the validity of the claims and the importance of holding the company accountable.

The two claims they selectively chose to address were relatively minor and peripheral, clearly designed to deflect attention from the core accusations. Even these responses were riddled with inconsistencies and failed to withstand basic scrutiny, as I will demonstrate further in this piece.

By addressing only these minor points while ignoring the well-documented allegations of money laundering, embezzlement, violations of the alter ego doctrine, the disappearance of hundreds of millions of dollars, pre-planned loan defaults, and securities fraud, their response reveals a deliberate strategy to evade the serious issues at the heart of my claims. This selective engagement, combined with their inability to credibly defend even the claims they chose to address, speaks volumes. If my allegations of embezzlement and securities fraud were truly baseless, one would expect a direct and comprehensive rebuttal. Instead, their avoidance and weak responses reinforce the credibility of my accusations.

It is important to emphasize that I provided Ellery Roberts, Louis Bevilacqua, and their third-party counsel ample time and opportunities to address these matters privately. Their refusal to engage in meaningful dialogue or provide transparency has left me no choice but to pursue this matter publicly. Their silence and lack of substantive responses only highlight the need for further scrutiny and accountability.

For example, Louis Bevilacqua and Ellery Roberts’ legal counsel issued the following statement in their defense:

“Notably, some actions taken by 1847 which you complain were fraudulent, such as certain stock splits, were actually required by the NYSE American, and were approved by both the NYSE American and the SEC. We have reason to believe you have been made fully aware of this reality by regulators to whom you have attempted to report alleged misconduct.”

This response misrepresents the facts and deflects accountability. Let us break down the reality of what occurred:

The September 2023 Reverse Split Was Engineered

To be clear for readers, there were four reverse splits from September 2023 through November 2024—an unprecedented amount in such a short period of time and a hallmark of a dilution scam. The only reverse split that could even be argued as “required” was the one in September 2023—but even this outcome was deliberately orchestrated by Louis Bevilacqua and Ellery Roberts.

By pre-planning a loan default, they triggered debt-to-equity conversions that purposefully drove the stock price below the required threshold, forcing a reverse split. This was not a matter of regulatory necessity; it was a calculated act of strategic manipulation designed to benefit their agenda at the expense of shareholders.

These reverse splits compounded the financial harm to investors, repeatedly diluting value and eroding trust. Such actions are emblematic of a scheme aimed at sustaining a fraudulent operation rather than creating genuine shareholder value.

Other Splits Were Unnecessary and Artificial

Of the four reverse splits, three were completely unnecessary. These actions were not driven by regulatory demands but instead served to artificially inflate the stock price, activating dilutive mechanisms that ultimately enriched insiders at the expense of shareholders.

Misleading Claims of Regulatory Approval

The letter’s reference to NYSE American and SEC approval is deceptive. While these regulators may have approved the procedural filings, such approval does not endorse or validate the motives behind the actions. Approval ≠ Necessity. The splits were planned and executed to exploit investors, not to meet regulatory requirements.

This pattern of deliberate misrepresentation further underscores the need for a forensic audit to uncover the full extent of the misconduct. It’s clear that the reverse splits were part of a broader scheme to manipulate the system, enrich insiders, and harm shareholders—all under the guise of regulatory compliance.

The Truth About 1847 Holdings’ “Audits” and Financial Mismanagement

Recently, I received correspondence from Louis Bevilacqua and Ellery Roberts’ legal team that stated:

“This correspondence shall also serve again to place you on notice as the falsity of numerous defamatory statements you have published and intend to publish about my clients. To be abundantly clear and in supplementation to what we provided you on December 31, 2024, the 1847 Holdings LLC entity has been regularly audited since inception.”

Let’s examine the reality behind this statement:

The audits claimed by 1847 Holdings as evidence of their compliance and legitimacy have been fundamentally flawed because they were not conducted at the subsidiary level. This is critical because it is at the subsidiary level where funds were allegedly systematically funneled out. The subsidiaries allegedly served as the vehicles for siphoning money through excessive management fees, questionable loans against assets, and other mechanisms, ultimately leaving these entities stripped of resources and driven into bankruptcy.

The company has weaponized the disclaimers of “poor internal controls” and “material weaknesses” at subsidiary levels to obscure and justify egregious practices. These disclaimers were not mere acknowledgments of procedural shortcomings but deliberate tools to mask alleged fraudulent financial reporting and shield insiders from accountability. By leveraging these admissions as a smokescreen, the company has avoided scrutiny, allowing its deceitful practices to persist unchecked. Without proper subsidiary-level audits, these actions remain buried, and the full scope of mismanagement and insider enrichment remains hidden.

Public records also disclose that Ellery Roberts purchased a $6.35 million house in Rancho Santa Fe, CA, on May 24, 2021, right in the middle of massive cash raises for Polished—a company that raised over $400 million and collapsed into bankruptcy within three years. This purchase, made during a period of significant fundraising and financial mismanagement, raises serious questions about the misuse of funds and the priorities of those in leadership.

Adding to this, Ellery Roberts has brought two public companies to market, both of which have lost 99.99999% of their value, leaving shareholders financially devastated. The fact that he continues to live in luxury, while those who trusted him have been fleeced, is nothing short of obscene.

Notably, public records show that Ellery listed his Rancho Santa Fe house for sale in September 2024, with its status now marked as pending for $7.45 million. Not only did he purchase this lavish home during a period of alleged financial fraud, but he also stands to make a substantial profit from its sale. This raises further concerns about whether he is attempting to hide assets in response to growing public scrutiny. Such actions further highlight the glaring disconnect between his personal enrichment and the destruction left in his wake.

A comprehensive forensic audit must focus on the subsidiary level to trace the flow of funds, expose the misuse of resources, and uncover the deliberate practices that have devastated businesses, shareholders, and employees alike. Anything less perpetuates the concealment of these tactics, hiding them behind a carefully crafted veneer of regulatory compliance and corporate double-speak.

A Legacy Destroyed

Many of the subsidiaries acquired by 1847 Holdings had been in operation for decades, some for over three-quarters of a century. These once-thriving companies were stripped of resources, looted, and ultimately driven into bankruptcy—all for the enrichment of insiders at the helm of 1847 Holdings. What was built over generations was systematically destroyed within mere years.

The claim that the company has been “regularly audited since inception” is both misleading and patently false. These so-called audits have done nothing to prevent the obliteration of long-standing businesses, the disappearance of over $700 million, or the blatant enrichment of those in power. Instead, these audits have been used as a façade, providing the illusion of oversight while serving only to rubber-stamp financial mismanagement and fraud.

Audits and regulatory approvals are meaningless if they are weaponized to obscure misconduct and shield bad actors from accountability. The repeated reverse stock splits were not regulatory necessities but instruments of exploitation, further enriching insiders at the expense of shareholders. These so-called audits served no purpose other than to give legitimacy to what was, in reality, a fraudulent scheme.

Adding to the outrage is the staggering loss: between 1847 Holdings and its spinoff, Polished, $700 million has allegedly vanished without accountability. Yet investors and regulators are expected to accept the excuse of “poor internal controls” as though such admissions absolve the company of wrongdoing. Are we really to believe that simply acknowledging material weaknesses is enough to let this alleged massive fraud go unchecked? This cannot stand. It is time for investors and regulators to demand justice and accountability—not more empty excuses.

These were the only two responses provided, hastily assembled by a third counsel who demonstrated a glaring lack of understanding of securities laws and the broader complexities of the situation. Astonishingly, this attorney was affiliated with a firm specializing in defamation cases, primarily focused on removing negative Yelp reviews—hardly the expertise required to address intricate allegations of securities fraud. The decision to involve such an ill-equipped firm was as perplexing as it was unprofessional, leaving me incredulous at the sheer misjudgment displayed.

In fact, it is because of this lawyer that I am now writing this article. Prior to their involvement, I was simply posting on my LinkedIn page about the alleged fraudulent conduct of his “clients.” However, their baseless threats, unfounded accusations of crimes I didn’t commit, and clear attempts to intimidate me into silence have only amplified my resolve. This tactic, it seems, is a hallmark of the firm—a scare tactic designed to intimidate individuals into removing content. Naturally, after witnessing such a poor and unprofessional display, I refused to back down and have only increased my efforts to expose the truth.

Adding to the irony of this situation, Louis Bevilacqua was the first to retain a so-called “cyber bully” lawyer, a move that seemed primarily aimed at self-preservation. It was a decision that left Ellery Roberts to fend for himself, highlighting a clear divide between the two. The dynamic was difficult to overlook, and I couldn’t resist commenting on LinkedIn.

Shortly thereafter, Bevilacqua’s attorney sent another letter, this time announcing that he now represented Ellery as well. The decision was unsurprising, as Ellery’s persistent demands for equal representation likely pressured Lou into action. This development perfectly encapsulates the entitlement that defines Ellery’s approach, not just in his dealings with shareholders but also in his personal reactions to accountability.

The irony reaches its peak when considering Bevilacqua’s role in the broader context. Here is a man who was instrumental in crafting the legal framework of 1847 Holdings—a fraudulent operation cloaked in the guise of legitimate business practices—claiming that he is the victim of bullying. As a preferred shareholder, Bevilacqua knowingly benefited from dividends and percentages of management fees derived from a scheme built on deception. Yet, when confronted with the truth, he shifts the narrative to portray himself as unjustly targeted.

This behavior reflects a familiar pattern among bad actors: when exposed, they deflect responsibility and play the victim. It’s a predictable and transparent tactic, one designed to shift focus away from their actions and onto the person exposing them.

While shareholders are already familiar with Ellery Roberts’ history of misleading public filings, my experience adds another dimension. He didn’t just deceive on paper—he lied directly to me, both over the phone and through text messages, to secure my investment in a private placement. These weren’t innocent mistakes; they were deliberate and calculated attempts to manipulate.

At its core, Ellery Roberts’ behavior demonstrates a sense of entitlement. He appears to view the investments of others not as capital entrusted to him but as personal resources to use as he pleases. This disregard for the people he has harmed underscores his lack of accountability and humanity.

These aren’t merely the actions of someone misguided; they reflect a deeper willingness to deceive and exploit for personal gain. While there may be moments of dark humor in the absurdity of this saga, my focus remains clear: to expose the fraud, reveal the truth, and ensure that those responsible are held accountable.

Exposing a Decade of Fraudulent Conduct: The Urgent Need for a Forensic Audit and Accountability

As the former largest shareholder of 1847 Holdings LLC, I have personally suffered significant financial losses due to the alleged fraudulent conduct orchestrated by its leadership. My loss is just one example in a decade-long pattern of deceit, fraudulent financial reporting, and breaches of fiduciary duty by company insiders. These actions have caused immense harm to thousands of shareholders, who were misled, defrauded, and ultimately left with nothing—while insiders enriched themselves at their expense.

The catastrophic collapse of 1847 Holdings LLC, its spinoff Polished (formerly 1847 Goedeker), and their subsidiaries has decimated investor equity, exposing the full extent of their alleged fraudulent conduct. This was not a case of mere mismanagement but a calculated scheme to strip assets from subsidiaries and funnel wealth to insiders. A simple investigation is no longer sufficient—what is urgently required is a full independent forensic audit of these entities, enforced by regulators, with the ultimate goal of invoking the NYSE Clawback Provision to recover alleged stolen funds.

In February 2024, Polished filed for bankruptcy. Although several class action lawsuits were filed on behalf of shareholders, these efforts will likely fail, as bankruptcy proceedings automatically stay all civil actions. These shareholders were entirely wiped out, lied to repeatedly, and left with nothing. The harm inflicted upon these investors is incalculable, and the lack of accountability for those responsible is a gross injustice. Even Polished’s auditors disavowed its financials, further confirming that this was a fraudulent scheme from the start, meticulously crafted under the guise of a legitimate business.

Alleged fraudulent conduct of this magnitude, coupled with the catastrophic losses suffered by shareholders, does not deserve a “do over.” The damage is permanent, leaving thousands of investors financially devastated with no viable path to recover their losses. This is not a scenario where management can simply regroup, rebrand, or rebuild trust—too much has been stolen, too many lives have been affected, and the systemic looting of subsidiaries has obliterated any remaining credibility.

Whether this rises to the level of criminality is ultimately for regulators and law enforcement to decide, but given the hundreds of millions of dollars involved and the calculated deception at every level, it seems beyond doubt. The scale of financial losses, combined with deliberate and methodical misrepresentation, points to clear criminal behavior. Regulators and law enforcement must act swiftly to hold those responsible accountable—fraudulent conduct of this scale cannot be brushed aside or treated as business as usual.

The Strategic Deception Behind Low-Market-Cap Fraud

Unlike many high-profile corporate fraudulent schemes tied to inflated market caps, this scheme has been carefully crafted to thrive under the radar. Its low market cap is not indicative of the damage caused or the scale of the alleged fraudulent conduct—it is part of the deception itself. By systematically looting the subsidiaries and presenting 1847 Holdings as a legitimate holding company, the masterminds have evaded traditional scrutiny while quietly enriching themselves.

The alleged fraudulent conduct hinges on misrepresenting actual business operations while draining subsidiaries of their resources through exorbitant “management fees,” leveraging assets for loans, and eventually driving them into bankruptcy. The result is a facade of legitimacy that deflects attention away from the hundreds of millions allegedly   stolen in plain sight.

This strategic low-profile approach highlights the need for regulatory bodies to look beyond superficial indicators like market capitalization when assessing fraudulent conduct. The alleged stolen funds—amounting to over $700 million—are obscured within a web of subsidiary bankruptcies, fabricated developments, and dubious transactions, all designed to protect insiders at the expense of shareholders.

Misleading Financial Practices: Lies, Dilution, and Deceptive Tactics

1847 Holdings and Polished have consistently engaged in misleading financial practices, presenting clear signs of failure as supposed successes:

• Bankruptcies Disguised as Strategic Moves: Rather than acknowledging the financial mismanagement at play, bankruptcies—such as those of ICU Eyewear and Asien’s Appliances—have been falsely portrayed as strategic divestitures or efforts to “eliminate debt.” In truth, these companies were systematically stripped of their resources through exorbitant management fees, leveraged loans, and insider enrichment, leaving them unable to sustain operations. ICU Eyewear was assigned to creditors, a move functionally identical to bankruptcy in its impact on shareholders. These tactics devastated shareholder value while shielding insiders from accountability, further illustrating the calculated nature of these so-called “strategic” decisions.

 • Defaults Misrepresented as Victories: Ellery Roberts has consistently portrayed defaults on debt as strategic victories, misleading shareholders by claiming that lenders’ so-called leniency was a testament to their confidence in the company. In reality, these defaults triggered toxic death-spiral financing, devastating shareholder equity and driving the stock to near worthlessness. In one instance, Ellery personally assured me via text message that these lenders “like what they’re building,” implying they intended to hold their shares. This assertion was patently false—no one understands the alleged fraudulent nature of the company better than its lenders. Ellery’s deceit is relentless; whether through spoken words or written messages, his claims are almost invariably untrue.

• False Claims About Capital Requirements: Ellery Roberts has repeatedly misled shareholders by publicly claiming that 1847 Holdings would not require additional capital, a statement that is demonstrably false. These assurances often come shortly before significant dilution events, such as convertible notes or toxic financings, which he conveniently omits in his public narratives. These maneuvers leave shareholders blindsided, as offerings or toxic debt arrangements are executed mere weeks after his claims, resulting in massive dilution and the erosion of shareholder value.

In my case, before committing to a private offering, I directly asked Ellery Roberts if the company anticipated any additional cash raises. He unequivocally denied the need for further funding. Yet, within a week, the company executed another capital raise, proving his assurance to be a flat-out lie. Even worse, Ellery failed to disclose other dilutive mechanisms, such as pre-arranged promissory note defaults with convertible debt attached, which further compounded the financial damage to shareholders. This deceit was deliberate and strategic, ensuring the company secured my investment under false pretenses.

 Poor Internal Controls and Material Weakness: Repeated disclaimers in every filing regarding material weaknesses have disavowed the accuracy of financial reports. These weaknesses have created a lack of transparency, making it impossible to trust the figures presented, yet executives are rewarded based on adjusted net assets.

Buzzwords Over Substance: The Illusion of Shareholder Value at 1847 Holdings

Every announcement from 1847 Holdings is marketed as “transformative” and designed to “unlock shareholder value,” “drive sustained growth,” or “maximize shareholder value.” No matter the reality, Ellery Roberts and his Investor Relations team consistently churn out buzzword-laden masterpieces, painting a rosy picture aimed at confusing and enticing retail investors.

These statements are carefully crafted to maintain the illusion of progress while distracting from the harsh truth of mounting losses, serial dilutions, and questionable financial maneuvers. Whether it’s a minor acquisition, a restructuring, or even a routine operational update, it’s always framed as a monumental step forward. But in reality, these buzzwords serve only one purpose: to lure unsuspecting retail investors into believing the company is on the brink of a turnaround, when in fact, the only consistent outcome has been the erosion of shareholder value.

Investigating Questionable Disbursements: Potential Financial Misconduct and Money Laundering

On February 7th and 8th, 2024, 1847 Holdings disbursed $2.5 million to four consulting firms: TraDigital Marketing Group ($1.4 million), as well as Alchemy Advisory LLC, Reef Digital LLC, and SeaPath Advisory LLC ($1.1 million combined). These payments occurred while the company was drowning in $40 million of toxic debt, raising serious questions about their necessity and legitimacy. At the same time, the company was negotiating extensions on promissory notes under toxic terms, further burdening shareholders and highlighting its precarious financial state.

The rationale for such substantial consulting expenditures appears highly questionable. There was no clear or demonstrated business need for payments of this magnitude, especially given the company’s financial instability. Even if one were to argue that these expenditures were intended to bolster the stock price, the results tell a damning story: the stock has lost 99.99% of its value multiple times. These disbursements did not benefit the company or its shareholders, but instead raise significant concerns about whether funds were improperly diverted under the guise of legitimate business expenses.

Adding to these concerns is the timing of the disbursements. On February 6th, 2024, just one day before these payments, Bank of America seized $1.99 million from Polished.com’s accounts due to the company’s defaults on its credit agreement. This seizure, which reflected Polished.com’s dire financial state, was swiftly followed by 1847 Holdings’ disbursements to consulting firms. The close proximity of these events suggests a deliberate effort to redirect or obscure funds, raising red flags commonly associated with money laundering practices.

The February 6th seizure occurred after Bank of America exercised its rights of set-off, following Polished.com’s failure to meet its financial obligations. In light of this, the disbursements by 1847 Holdings just one day later beg an urgent question: were these transactions legitimate business decisions, or were they calculated attempts to move funds out of the reach of creditors like Bank of America? The timing and scale of these payments demand rigorous scrutiny.

As outlined in the filing, these disbursements included significant prepayments to consulting firms and other questionable recipients. Given their proximity to such a major liquidity event, the nature of these transactions appears deeply suspicious. A comprehensive forensic audit is urgently required to determine whether these disbursements were legitimate expenses or part of a coordinated effort to misappropriate or conceal assets, potentially defrauding both creditors and investors.

The rapid movement of funds following the seizure strongly suggests an intentional strategy to sidestep obligations and protect insiders, leaving creditors and shareholders to bear the financial losses. Without a forensic audit, the possibility of deliberate misconduct cannot be ruled out.

At the very least, this behavior reflects a staggering level of mismanagement and self-interest. Regulators and law enforcement agencies must thoroughly investigate these transactions to determine whether they constitute financial misconduct—including potential money laundering—and hold those responsible accountable.

1847 Holdings: Masters of the Pump-and-Dump Illusion

When it comes to exploiting public markets, 1847 Holdings LLC (NYSE American: EFSH) operates in a league of its own. Their playbook revolves around pump-and-dump schemes, meticulously orchestrated under the guise of “transformative” developments. However, their true motive goes beyond deceiving retail investors: their schemes are designed to temporarily inflate the stock price, enabling insiders and participants from prior offerings to escape with profits, while setting the stage for another highly diluted offering. Here’s how they execute this fraud step by step:

The Pump-and-Dump Playbook

1. Buzzword-Laden Press Releases

It all starts with a press release overflowing with meaningless but exciting buzzwords like “transformative milestone,” “value creation,” or “strategic growth initiative.” These vague announcements create an illusion of progress, enticing retail investors into believing they’re on the verge of something big.

2. Influencer Hype Machine

Next, they employ online influencers to amplify the fabricated narrative. These influencers push the stock as a “hidden gem,” convincing retail investors that the stock is set to skyrocket. This coordinated effort lures unsuspecting investors into the scheme.

3. Artificially Inflate the Stock Price

To further the illusion, 1847 Holdings artificially inflates the stock price through strategic buying, creating the appearance of high demand. This temporary pump not only traps retail investors but also serves a more insidious purpose: giving participants from prior offerings the chance to exit their positions profitably while simultaneously inflating the price enough to justify pricing another offering.

1. Retail Investors Left Holding the Bag

Once insiders and prior investors have cashed out, the stock price inevitably collapses, leaving retail investors trapped with severely devalued shares. The so-called “value creation” was nothing more than an orchestrated pump-and-dump to fund the next cycle of insider profits.

The Real Transformation? Retail Investors Losing Money

Let’s be clear: 1847 Holdings’ tactics are not about creating value but about facilitating one scam after another. They manipulate stock prices to allow insiders and prior offering participants to profit while retail investors are left holding worthless stock. Their repeated schemes show no regard for the harm inflicted on the broader market or the trust of public investors.

Exploiting Public Markets, One Scheme at a Time

This pump-and-dump strategy is just one part of 1847 Holdings’ broader playbook to exploit public markets. From manipulating stock prices to facilitating offerings based on false narratives, the result is always the same: prior investors and insiders profit while retail investors suffer heavy losses. It’s a textbook example of financial exploitation designed to enrich a select few at the expense of the many.

Coordinated Defaults (August 4, 2023): A Prearranged Betrayal of Shareholders

Mast Hill Fund and Leonite Capital are two separate lenders, yet on August 4, 2023, they issued default notices with identical language on the exact same day. This uncanny timing reveals what can only be described as a prearranged scheme, meticulously designed to exploit promissory notes for insider enrichment at the expense of shareholders.

These defaults triggered catastrophic shareholder dilution. The offering I participated in—intended to resolve these promissory notes—was instead manipulated to benefit insiders. Through this calculated maneuver, insiders were able to “double dip,” profiting from both the offering and the promissory notes while shareholders bore the full brunt of the financial fallout.

As new shares flooded the market, shareholder value was obliterated. Retail investors were left with holdings reduced to a mere fraction of their original worth, powerless against the blatant manipulation. Meanwhile, insiders walked away with significant profits, unscathed by the financial destruction they orchestrated.

The precise timing and coordination of these defaults strongly suggest insider collusion. This suspicion is further compounded by revelations made in a civil suit by Founders Bay, which alleged that Leonite Capital is not registered with the SEC. Such a lack of registration raises serious questions about the legality of its lending practices and suggests potential violations of federal securities laws. By converting debt into equity at deeply discounted rates and dumping shares into the market, Leonite and its affiliates engineered outcomes that overwhelmingly favored insiders while decimating shareholder equity. These actions, when coupled with the failure to comply with SEC registration requirements, point to illegal and fraudulent practices designed to manipulate the market and undermine shareholder protections.

This deliberate and highly coordinated strategy demands immediate regulatory scrutiny. A full investigation is needed to uncover the extent of insider collaboration, expose any legal violations, and restore accountability. Shareholder trust has been exploited to the breaking point, and only decisive action will prevent further abuse.

Systematic Looting and Subsidiary Bankruptcies

The collapse of Polished, ICU Eyewear, and Asien’s Appliances under 1847 Holdings LLC reveals a clear and troubling pattern of systematic looting:

• Polished: Although spun off, Polished remains directly tied to 1847 Holdings through shared leadership and alleged fraudulent financial practices. Despite raising over $500 million through IPOs and loans, Polished imploded within three years. It is now the subject of multiple class action lawsuits, which, unfortunately, are likely to go nowhere due to bankruptcy stays that have frozen all civil actions.

• ICU Eyewear: This subsidiary survived a mere 1.5 years under the 1847 Holdings umbrella. Just seven months before being handed over to creditors, ICU secured a $15 million revolving loan. Where did this money go? The trail of funds remains suspiciously opaque.

• Asien’s Appliances: Following a similar trajectory, Asien’s was stripped of its assets through exorbitant management fees and insider payments, leaving the business hollowed out and ultimately pushed into bankruptcy.

These subsidiaries collectively raised over $500 million through IPOs, secondary offerings, loans secured against assets, and revolving credit lines. Yet, within a few short years, all three businesses lay in financial ruin. Where did the hundreds of millions of dollars go? This cannot be dismissed as mere mismanagement—it points directly to calculated theft.

The systematic stripping of resources from these subsidiaries, followed by their rapid collapse, underscores a deliberate strategy of looting. Such brazen exploitation demands a thorough investigation to uncover the true scope of the fraud and hold those responsible accountable.

Unmasking the Fraud: Auditing Bankrupted Subsidiaries of 1847 Holdings and Polished

The businesses driven into bankruptcy under the 1847 Holdings and Polished umbrella must be thoroughly audited to reveal the true extent of mismanagement, fraud, and insider enrichment. These bankruptcies are not mere casualties of poor leadership—they are deliberate, calculated strategies designed to exploit the system. The blueprint is unmistakable: extract resources from subsidiaries through inflated management fees, fraudulent loans, and diverted funds, then force the businesses into bankruptcy to evade accountability. The perpetrators operate under the assumption that bankruptcy will shield them from scrutiny, leaving regulators and stakeholders to see these companies as “failed ventures” rather than victims of deliberate financial exploitation.

However, there are tangible steps that can and must be taken to uncover and address these schemes. A forensic audit of each bankrupted subsidiary should prioritize tracing the flow of funds, identifying misappropriated resources, and exposing the individuals or entities who directly benefited. Investigations should scrutinize management fees, intercompany transactions, and financial reporting to uncover systemic manipulation and fraudulent practices. Additionally, bankruptcy court filings should be meticulously reviewed for signs of misrepresentation or fraudulent claims designed to mislead creditors and stakeholders.

Importantly, the law provides pathways for justice. Bankruptcy does not shield individuals or entities from the consequences of fraud. Creditors, shareholders, and even bankruptcy trustees have the ability to pursue legal claims if sufficient evidence of wrongdoing is found. Clawback provisions, for instance, can be invoked to recover funds improperly funneled to insiders before bankruptcy filings. These mechanisms, when combined with vigorous regulatory enforcement, can hold perpetrators accountable and dismantle their fraudulent practices.

The assumption that bankruptcy wipes the slate clean must be challenged and rejected. With comprehensive audits and decisive legal action, the truth behind these fraudulent schemes can be brought to light, and a clear precedent set: financial fraud and manipulation will not be tolerated, even when cloaked in the guise of corporate collapse.

The SEC Investigation into Polished: How 1847 Holdings Shields Itself by Shifting Debt Obligations onto Shareholders

Polished is under an active SEC investigation, as confirmed in its last filing, focusing on issues disclosed in its December 27, 2022 Form 8-K. This includes findings from the Audit Committee investigation, restatements of financial statements, and potential violations of federal securities laws. The SEC has subpoenaed documents, signaling the seriousness of the inquiry. Despite this, there is a glaring disconnect between the investigation into Polished and the lack of scrutiny toward its parent company, 1847 Holdings. The overlap in management and board of directors between the two entities is undeniable, yet 1847 Holdings has managed to avoid regulatory accountability, even though it is the driving force behind Polished’s operations.

The disconnect lies in the structural differences between the entities. Polished’s financial struggles, including defaults on credit agreements with Bank of America, are clearly documented, while 1847 Holdings employs convertible debt mechanisms that offload financial risks onto shareholders rather than creditors. This allows 1847 Holdings to shield itself from immediate financial repercussions while perpetuating practices that mirror the issues under investigation at Polished. The failure of enforcement to identify and address this parent-subsidiary relationship demonstrates a critical gap in regulatory oversight, enabling 1847 Holdings to remain insulated from the consequences of its actions, despite its central role in the interconnected financial and operational framework.

The Unfair Fight for Justice: Why Regulatory Action and the Power of Free Speech Are Essential

For retail investors who have been defrauded, the avenues for seeking justice are narrow, if not entirely obstructed. Lawyers are often reluctant to take cases against fraudulent operations on a contingency basis, knowing the odds of recovery are slim when facing companies that have mastered the art of manipulating legal and financial systems to their advantage. Even when litigation is pursued, the looming threat of frivolous countersuits is used as a weapon to intimidate and exhaust the resources of victims. This creates an inherently unjust playing field, where fraudulent entities hold all the power. To compound the problem, companies like 1847 Holdings can dissolve themselves with startling ease, leaving no assets behind to address their civil liabilities and no recourse for those they have harmed.

In this landscape, the only truly viable path to accountability lies with regulatory agencies such as the SEC, whose unlimited resources and authority allow them to pursue these fraudulent actors aggressively. Unlike individual investors, these agencies can dismantle the mechanisms of fraud, hold companies accountable, and pursue the perpetrators personally, ensuring they face the consequences of their actions. Without swift and decisive intervention, victims remain powerless, and the fraudulent exploitation of public markets continues unabated.

When formal systems fail, however, there is one tool that remains indispensable: the power of free speech. My greatest weapon has been the ability to expose these schemes for what they are, to bring them into the light where they can no longer operate in the shadows. Through the exercise of my First Amendment rights, I have already seen tangible behavioral shifts. Public exposure forces accountability, compelling action where silence would otherwise enable inaction. In the absence of immediate justice, transparency becomes both a shield and a sword—a means of seeking redress and a catalyst for systemic change.

Alter Ego Liability and Fraudulent Use of Subsidiaries

In February 2024, the former owners of Asien’s Appliances alleged alter ego liability against 1847 Holdings, asserting that the company used its subsidiaries as mere extensions of its alleged fraudulent schemes rather than as independent entities.

The Alter Ego Doctrine applies when a company’s corporate veil is pierced, demonstrating that a parent company or its leadership used a subsidiary for personal benefit or fraudulent purposes. Under this doctrine, courts can hold the parent company and its officers personally liable for the debts and obligations of the subsidiary.

Evidence of commingling funds, draining subsidiary resources through exorbitant management fees, and pushing subsidiaries into bankruptcy strongly supports the claim of alter ego liability. Allowing this case to proceed to discovery would likely expose internal communications, financial records, and other documents that could prove fraudulent intent, reveal the personal financial benefits gained by insiders, and uncover a broader pattern of misuse across multiple subsidiaries.

To avoid these revelations, 1847 Holdings swiftly settled the allegations, suggesting that discovery would have revealed evidence of misconduct that could lead to severe legal and financial consequences for its leadership. This avoidance underscores the importance of a forensic audit to uncover the full extent of the fraud.

Ellery Has Never Conducted an Earnings Call:

To my knowledge, Ellery Roberts and the company’s insiders have never held an earnings call or engaged in any form of shareholder Q&A. Despite repeated calls for transparency, they have consistently evaded accountability, leaving public investors in the dark.

The few instances of interaction we’ve witnessed are painfully scripted, designed solely to deceive. Take, for instance, the fireside chat Ellery participated in September 2023—a performance so vomit-inducing it made clear the lengths to which he would go to deflect responsibility. In that session, he played the victim, gaslit investors, and obfuscated the truth, shamelessly suggesting that the market simply failed to grasp the true value of the company.

It’s easy to see why Ellery and his team avoid unscripted dialogue: it’s impossible to defend a company built on lies, fraud, and deception without tripping over the facts. How can you justify toxic financings, blatant dilution, and a complete lack of operational success when faced with real questions? An honest Q&A would have required explanations for a decade of financial mismanagement, fraudulent reporting, and a long list of dubious decisions that gutted shareholder value. No script in the world could cover for the outright theft and systemic looting of subsidiaries.

This deliberate avoidance of genuine engagement speaks volumes. It reveals a conscious effort to withhold critical information, sidestep accountability, and evade responsibility for the company’s questionable practices. When there’s no defense for your actions, silence becomes the strategy. Instead of addressing investors openly and honestly, the leadership has chosen evasion, leaving shareholders without the transparency they deserve.

The truth is, engaging in real dialogue would risk exposing the fraud at its core. Every question posed would unravel the carefully constructed narrative, and every answer would shine a light on the extent of their misconduct. Simply put, it’s impossible to explain a scam without revealing it for what it is.

The Myth of Acquiring “Cash Flow Positive” Businesses

1847 Holdings presents itself as a company that acquires “cash flow positive” businesses—established companies with steady revenue streams that, theoretically, should thrive after acquisition. These aren’t speculative AI startups promising to disrupt entire industries, nor are they pre-revenue biotech firms pouring cash into high-risk clinical trials. These are mature, revenue-generating businesses that should, by all logic, run themselves with minimal interference.

Yet, under 1847 Holdings’ ownership, these businesses somehow burn cash at rates rivaling the most ambitious startups. How does a business with a proven track record of generating revenue suddenly become a financial black hole? The answer lies in the company’s self-serving practices, which systematically undermine the very businesses they acquire:

• Exorbitant Management Fees: Post-acquisition, 1847 Holdings imposes excessive “management fees” on its subsidiaries, draining their cash flow and leaving them unable to invest in day-to-day operations. These fees, touted as necessary for strategic oversight, serve no clear operational purpose other than enriching insiders.

• Crippling Debt Loads: Instead of capitalizing on the subsidiaries’ existing revenue streams, 1847 Holdings saddles them with unnecessary debt, secured against their assets. This debt isn’t used to fund growth but to extract short-term cash, leaving the acquired businesses buried under unmanageable interest payments.

• Asset Stripping: Far from nurturing these companies, 1847 Holdings often strips them of their valuable assets. This not only weakens their financial position but compromises their ability to maintain operations and generate revenue, creating a downward spiral.

• Neglect of Operational Support: Despite acquiring these businesses under the guise of maximizing their potential, 1847 Holdings neglects their core operations. Instead of reinvesting in growth or operational efficiency, the focus remains on extracting value through financial manipulation.

The result? Businesses that should have provided consistent cash flow are left crippled, struggling to meet basic financial obligations, let alone turn a profit. They burn through cash at a rate that would make even the most speculative tech startup blush.

The absurdity of this situation cannot be overstated. How does a business with a steady revenue stream perform worse under the guidance of a supposedly experienced holding company? The truth is, 1847 Holdings isn’t acquiring these businesses to grow them; it’s acquiring them to bleed them dry.

In a legitimate holding company model, acquiring cash-flowing businesses would result in increased profitability and shareholder returns. But under 1847 Holdings, the opposite happens. Their model is one of destruction, siphoning cash, leveraging assets, and leaving a trail of hollowed-out companies.

The promise of acquiring self-sustaining, revenue-generating businesses is nothing more than a smokescreen for a strategy designed to funnel wealth to insiders. This isn’t value creation—it’s calculated exploitation. Such gross mismanagement and systemic looting demand immediate investigation and regulatory scrutiny.

 Tax Implications of Fraudulent K-1 Allocations

In addition to the financial devastation caused by the collapse of 1847 Holdings LLC’s subsidiaries, the company’s partnership tax structure imposes further harm on investors. Those already facing significant losses are also denied a substantial portion of realized losses from a tax-deductibility standpoint.

The root of this issue lies in the fraudulent “investment management fees” allocated to investors on their Schedule K-1s, which are classified as “miscellaneous itemized deductions subject to the 2% floor limitation.” For tax years 2018 through at least 2025, under the Tax Cuts and Jobs Act (TCJA), these deductions are non-deductible at the federal level. However, partners in a partnership, such as 1847 Holdings LLC, are still required to reduce their cost basis in the partnership by these non-deductible expenses.

This results in a compounding effect: investors face both reduced cost basis and disallowed capital losses, significantly limiting their ability to offset their financial losses for tax purposes. Given the exorbitant and fraudulent nature of the management fees allocated to investors—relative to their beginning K-1 capital accounts—many investors will find their capital accounts and cost basis reduced to zero relatively quickly, amplifying the financial harm.

Conflict of Interest and Deceptive Practices: The Company Counsel’s Role in Facilitating Fraud

A glaring conflict of interest exists between the company’s securities counsel, Louis Bevilacqua, and his role as a preferred shareholder. Public filings reveal that Bevilacqua controls 9% of 1847 Partners Class A Member LLC and 10% of 1847 Partners Class B Member LLC, ensuring he receives preferential payouts while ordinary shareholders suffer devastating losses. While retail investors saw their holdings reduced to nothing, Bevilacqua continued to profit, collecting dividends and remaining financially protected through his preferred positions. This stark disparity highlights how insiders shielded themselves from the catastrophic fallout they orchestrated, leaving retail investors with worthless shares.

Bevilacqua’s dual role as legal counsel and beneficiary of these alleged schemes not only raises ethical concerns but underscores the systemic abuse that has plagued 1847 Holdings and its subsidiaries. During a 13-month period, shareholders endured four reverse splits, reducing their holdings to near zero, while Bevilacqua’s preferred shares remained untouched, ensuring his dividends continued uninterrupted. These reverse splits were accompanied by a range of other dilutive mechanisms, including deeply discounted equity offerings, debt-to-equity conversions, and warrant issuances. Together, these tactics systematically eroded shareholder value while protecting insider profits, revealing a clear motive: to safeguard insider gains at the direct expense of ordinary investors, perpetuating a cycle of dilution and loss.

At this juncture, with swirling questions about 1847 Holdings’ practices, one would expect the company to welcome transparency through an independent audit. A clean audit could have been a decisive win, restoring investor confidence and silencing critics. Instead, despite spending $2.5 million on four questionable investor relations firms, they outright refused to allocate funds for a forensic audit. Bevilacqua himself dismissed my request for such an audit, claiming it would “waste time and resources on doing something it has done already,” referring to past financial audits for fiscal years 2021 and 2022. Yet these audits failed to address systemic issues or examine the misuse of shareholder funds. This refusal to prioritize transparency speaks volumes and raises serious questions about what the company is trying to conceal.

Bevilacqua’s complicity in these alleged fraudulent activities is evident. As someone fully aware of the company’s deceptive practices, he has weaponized his legal authority to suppress dissent and protect his financial interests. A proper forensic audit would likely have triggered the clawback provision, forcing him to return years of fraudulently obtained bonuses tied to inflated revenue figures. His refusal to allow an audit and his attempts to intimidate those seeking justice reveal his determination to shield the scheme from exposure.

Following my request for transparency, I received two threatening letters: one warning of civil action and the other of potential criminal penalties. These intimidation tactics were aimed at someone whose only “crime” was pursuing accountability and justice for shareholders, including myself as the largest stakeholder.

Is this not clear grounds for deeper scrutiny and investigation? The case for regulatory and legal intervention is overwhelming and long overdue.

 Dialogue with Ellery Roberts: A Glimpse Into Deception and Legal Puppetry

This dialogue is not shared to highlight my personal grievance but to provide an unfiltered look at Ellery Roberts—unscripted—and reveal how his lawyers pull the strings for him. This was a recorded call, one I felt compelled to document because Ellery lies as easily as he breathes. As an over 10% shareholder at the time, I was technically in insider status, making me not only the company’s largest shareholder but also a larger shareholder than Ellery himself. Yet despite my position, Ellery had no qualms about blatantly lying to me, further underscoring his complete lack of integrity.

In late August 2023, I asked Ellery a straightforward question: was the company planning a reverse split? His response exposed his true nature. When I asked, “We’re not like at any exposure at any type of NYC delisting or any reverse split or anything like that, right?”, Ellery immediately responded with a firm, “No.”

What followed was a cascade of deflection and confusion. He stumbled, saying, “Not my lawyers, my lawyers did not told me that at all. No. NYC, American is different rule than NYSE.” It was clear he was floundering, grasping at legal technicalities he barely understood. Instead of offering clarity, he leaned heavily on his lawyers, redirecting with, “You’re more than welcome, you have our counsel’s information. They know you are our largest shareholder; they see your filings. Even feel free to CC me and say, ‘I don’t know if you have spoken to Lou or An…’”

This exchange highlights Ellery’s inability to navigate even a simple conversation without resorting to deception or legal crutches. He cannot speak for two minutes without tripping over his own words, relying on his lawyers to bail him out of the messes he creates. His attempt to hide behind his legal team also speaks volumes about who really pulls the strings—it’s clear Ellery is just a puppet, entirely dependent on his attorneys to protect him from the consequences of his lies.

Despite his emphatic denial, just two days after this conversation, the company announced a reverse split—one of four that would occur within the next 13 months. Each split further eroded shareholder value, exposing the fraudulence of his leadership. Not only did Ellery lie, but he lied directly to the company’s largest shareholder, someone in insider status who had every right to expect transparency and honesty.

Notably, after this conversation, I received a threatening letter from Joseph D. Wilson, an attorney at Bevilacqua PLLC. The letter was laughable at best, accusing me of violating California law despite the fact that I’m in New York, a single-consent state where recording conversations is perfectly legal. Wilson stated, “You have been reported to California legal authorities for having recorded the call without Mr. Roberts’ consent,” and went on to claim that my disclosure of the recording could lead to “criminal liability” if it caused any harm to his client.

The hypocrisy and desperation in this letter are astounding. Ellery Roberts, a man knee-deep in alleged securities fraud, suddenly claims a right to privacy? This is the same individual who lies as easily as he breathes, defrauds shareholders, and executes reverse splits while claiming none are planned. Now he hides behind his lawyers, using bogus threats in an attempt to intimidate me into silence.

Wilson’s letter is nothing more than a smokescreen designed to distract from the real crimes at hand: the manipulation of shareholders and the systematic destruction of wealth through alleged fraudulent schemes. Let’s not forget—two days after this recorded conversation, the reverse split Ellery denied was “not on the table” was announced. His pattern of deception continued with three more reverse splits in the following year, eroding shareholder value further.

The idea that I could face “criminal liability” for exposing his lies is absurd. Ellery and his legal team know that I, like many others, am well aware of their tactics and have the evidence to back it up. These hollow threats are nothing more than an attempt to silence those who dare to hold them accountable. Despite their efforts, I’m still waiting for my so-called arrest. Meanwhile, Ellery and his enablers should be the ones answering for the alleged fraud they’ve orchestrated.

This is the true face of Ellery Roberts: a man who cannot operate without deceit, lying even to his company’s largest shareholder, all while hiding behind lawyers and hollow threats as he continues to defraud shareholders.

The Subterranean Scumbaggery of 1847 Holdings: A Masterclass in Fraud

Now that we’ve explored the broader alleged fraud orchestrated by 1847 Holdings, let’s dive into the depths of their most appalling schemes. This wasn’t just a case of inflating numbers or misleading investors; it was a cold, calculated plundering of everyday customers—a scam so audacious it could make even the most seasoned con artists blush.

It began with selling appliances that were never going to be delivered. Customers placed orders for products with future delivery dates, blissfully unaware that those appliances existed only on paper. This deception alone is disgraceful, but here’s where the subterranean scumbaggery takes on a whole new dimension: just days before filing for bankruptcy, 1847 Holdings directed employees to sell extended warranties on these very same phantom appliances.

And it gets worse. Not content with conning new customers, the company also instructed employees to cold-call existing customers—those who had already purchased appliances—and pressure them into buying extended warranties. That’s right: they targeted people who had already trusted them once, exploiting their goodwill and concerns about potential breakdowns, all while knowing those warranties would be absolutely worthless in a matter of days.

And let’s be clear—this wasn’t the work of a rogue employee or a one-off mistake. This brazen scam was orchestrated across not one, but two different stores: Appliances Connection and Asien’s Appliances. It was a deliberate, top-down strategy, designed to squeeze every last cent from unsuspecting customers before the company imploded.

The timing, the deceit, the sheer nerve—it’s almost impressive in a villainous sort of way. Even Bernie Madoff might have paused to admire the boldness. This wasn’t just a last-ditch cash grab; it was the corporate equivalent of looting your own sinking ship.

And don’t just take my word for it. A quick search for Appliances Connection or Asien’s Appliances reveals a trail of outrage. Reddit alone is teeming with complaints from customers furious about undelivered orders, ignored refunds, and, of course, those utterly worthless warranties. It’s a digital scrapbook of shattered trust and broken promises.

This wasn’t merely unethical—it was a meticulously crafted final act of fraud. Scamming investors is one thing, but preying on both new and loyal customers as the ship sinks? That’s fraud on a grand stage, the kind of depravity that cements 1847 Holdings as a gold-standard example of subterranean scumbaggery. This chapter in their legacy is a chilling reminder of just how far greed can go.

A Challenge to 1847 Holdings and Its Leadership:

In my pursuit of transparency and accountability, I have faced relentless intimidation over the past 15 months after exposing the fraudulent activities of 1847 Holdings and its leadership. These actions have included baseless threats of lawsuits for allegedly “spreading falsehoods,” accusations of extortion for seeking the return of my misappropriated funds, and warnings of potential imprisonment for legally recording a conversation with Ellery Roberts.

Most notably, Louis Bevilacqua, acting as Ellery’s attorney, initially led the charge, leveraging his position to shield himself while attempting to intimidate me. He then enlisted another lawyer in a clear effort to escalate these intimidation tactics, particularly after I used LinkedIn to expose their misconduct to my professional contacts. Despite their efforts, I firmly believe that those who defraud innocent people deserve to have their actions brought to light, especially within their own professional circles.

This strategy of using legal threats and scare tactics to silence critics is consistent with the behavior I’ve come to expect from those involved in this scheme. But if their intention was to stifle my voice, they have failed spectacularly. Instead, their actions have only reinforced my resolve to uncover the truth and expose their fraudulent practices to all who will listen.

It is a common tactic for individuals who engage in alleged fraudulent conduct to portray themselves as victims when confronted, aiming to elicit sympathy, deflect blame, and undermine the credibility of those exposing their deceit. Despite these intimidation attempts, I have exercised my First Amendment rights and intensified my efforts to bring their misconduct to light.

I fully expect this letter to provoke outrage and resistance, but I challenge the individuals involved to step out from behind their lawyers and defend my allegations publicly. Let their actions be scrutinized by shareholders, regulators, and the broader public. Transparency will expose the truth, and no amount of legal posturing can shield them from accountability.

Conclusion 

The alleged fraudulent schemes of 1847 Holdings and Polished have inflicted financial devastation on thousands of shareholders, customers, and employees, leaving behind a trail of destruction that cannot be ignored. This letter serves as a definitive call to action for shareholders, regulators, and enforcement agencies to step in and hold those responsible accountable.

The NYSE Clawback Provision must be invoked without delay. This is not merely a tool for recovering lost capital—it is a mechanism for justice, for reclaiming what was wrongfully taken and restoring trust in the financial system. Every dollar stolen must be returned, and those who orchestrated this scheme must face the full consequences of their actions.

This is about more than just financial restitution; it is about ensuring that no company, regardless of its size or market position, is immune to the rule of law. The pattern of deceit that has defined 1847 Holdings and Polished must be stopped, and the systems designed to protect investors must be enforced with unwavering resolve.

I recognize that some of my points may come across as repetitive or overly detailed. This is by design—I would rather risk over-explaining than omit critical details that are essential to understanding the scope and complexity of this alleged fraud. My goal is to provide a comprehensive picture for all readers, from regulators to enforcement agencies, so there can be no ambiguity about the depth of deception at play.

While I am not a professional writer, I felt compelled to bring these issues to light. The magnitude of what has transpired is too significant to ignore, and I will continue to fight for accountability and justice on behalf of all those who have suffered.

I’m not doing this to win a Pulitzer or earn style points—I’m doing this because I’ve tried everything else. Lawyers cost hundreds of thousands of dollars, and capturing the attention of enforcement agencies has proven nearly impossible. This measure is necessary, and the sheer scale of fraud we are dealing with demands action. The amount of money lost and the lives affected are far too significant to allow this to remain buried any longer.

Final Thoughts and Demand for Accountability

This operation is an extraordinarily complex and dynamic web of fraud, spanning multiple entities and woven together with intricate layers of deception. Yet, I believe I have successfully uncovered its mechanics, exposed the motivations driving it, and identified the key actors who orchestrated and perpetuated it. The sheer scale and audacity of this misconduct demand urgent transparency and accountability.

Regardless of what happens to me personally, or whether this article generates immediate consequences, one undeniable truth remains: the scheme has now been fully exposed. Once uncovered, the truth becomes an immutable force—a permanent record that cannot be erased or ignored. It stands as a call to action, a beacon for justice, and an unrelenting instrument to hold those responsible accountable.

However, accountability cannot and must not stop with the perpetrators. This revelation should serve as a catalyst for enforcement agencies entrusted with safeguarding investors and preserving the integrity of the markets. That this scheme has endured for over a decade is a glaring indictment of systemic failure. The inaction of enforcement agencies over such an extended period is both inexcusable and indefensible.

For those of us who have been defrauded, this fight is not merely about financial restitution—it is about the pursuit of true justice. We demand that the individuals responsible for orchestrating this scheme be held criminally accountable for the damage they have inflicted. These bad actors have destroyed lives, siphoned resources, and manipulated systems solely for their personal enrichment. Financial compensation, while necessary, is insufficient. Criminal accountability is essential, not only to ensure they face the full weight of the law but also to deter others from engaging in similar schemes in the future.

Only through such decisive action can trust and integrity be restored. The time for justice is now.