Microsalt Louis Bevilacqua Scammed me out of 70,0000 Internet

Ripoff Report: MicroSalt, MicroVentures, and Louis A. Bevilacqua

If you’ve ever considered investing with MicroVentures or in companies represented by Louis A. Bevilacqua and his firm, Bevilacqua PLLC, you might want to think again. Here’s a real-life example of how investors are left in the cold—even when the company they invested in performs well.

Investor Complaint

One verified review from May 2024 sheds light on the situation:

1 Star | May 22, 2024

“Good concept, but unfortunately a scam. I’ve been investing with MicroVentures for a number of years, and unfortunately, I have had only negative experiences. When funding startups, you expect most to fail. I am fine with that, as I knew the risk. My issue is with the successful companies.

One of the startups I invested in performed well and went through a recent acquisition and liquidity event. Many shareholders were allowed to cash out or otherwise benefit from the transaction. That is not the case for MicroVentures investors. They recently sent a mass email trying (and failing) to explain why we are not eligible to participate in the company’s success. There has been no resolution aside from some insulting comments by MicroVentures and the company in question, basically minimizing our contributions.

In short, stay far away from MicroVentures and any of their investing opportunities.”

Louis A. Bevilacqua’s Role

Here’s where Louis Bevilacqua comes into play. As the legal counsel for MicroSalt Inc., he structured the legal framework for the company’s investments. Investors trusted this framework, assuming their interests were protected. Instead, they became collateral damage in what appears to be a grossly mismanaged—or worse, intentionally exploitative—scheme.

Bevilacqua’s involvement in similar ventures has raised consistent red flags. He’s been tied to:

• Legal frameworks that leave investors out of critical liquidity events.

• Opaque structures that ensure insiders profit, while retail investors are left empty-handed.

• Disregard for investor protections, minimizing the contributions of those who risked their money early.

MicroVentures + MicroSalt: A Dangerous Combo

MicroSalt’s fundraising, brokered by MicroVentures and crafted by Bevilacqua PLLC, promised investors the potential for high returns. Instead:

1. Investors were excluded from the benefits of MicroSalt’s liquidity event, despite contributing funds at the company’s earliest stages.

2. No accountability was provided to explain why investors were not treated as true shareholders.

3. Excuses over resolutions: A mass email attempted to downplay and dismiss the issue, further insulting the very people who funded the company’s growth.

A Pattern of Exploitation

Louis A. Bevilacqua’s name has surfaced repeatedly in connection with investor grievances. From MicroSalt to other ventures, his role as a securities lawyer often overlaps with insider benefits, leaving retail investors to bear the brunt of losses while insiders profit.

What Can Be Done?

If you’ve been affected by similar practices, it’s crucial to speak up. Investors should demand accountability from legal counsel like Bevilacqua and platforms like MicroVentures. Regulators need to investigate these structures and ensure investors aren’t exploited under the guise of innovation.