Connect with us

Press Release

1847 Holdings Under Scrutiny for $2.5 Million Payouts Following Polished.com Asset Seizure

Published

on

Allegations of Financial Misconduct Surface as Payments Coincide with Bank of America’s Legal Action

NEW YORK, [February 05, 2025 ] – A series of questionable financial transactions involving 1847 Holdings LLC (NASDAQ: EFSH) has raised serious concerns regarding potential financial misconduct. Just one day after Bank of America seized the assets of its former subsidiary, Polished.com (OTC: POLCQ), 1847 Holdings disbursed $2.5 million to four investor relations and advisory firms, raising speculation about whether the move was an attempt to shield funds from creditors.

On February 6, 2024, Polished.com received a Notice of Acceleration from Bank of America, demanding immediate repayment of outstanding debts due to non-payment of principal, interest, and fees. This action resulted in a default, providing the bank with legal grounds to freeze and seize the company’s assets.

However, on February 7 and February 8, 2024, 1847 Holdings issued significant prepayments totaling $2.5 million to multiple consulting firms, despite its ongoing financial struggles. Given the company’s history of debt-related challenges and the timing of these payments, industry analysts are questioning whether these transactions were designed to move funds beyond the reach of creditors.

Questionable Financial Transactions Raise Red Flags

The breakdown of the prepaid consulting agreements includes:

  • $1.4 million to TraDigital Marketing Group for “investor relations, digital marketing, and advertising.”
  • $400,000 to Alchemy Advisory LLC for “business and investor outreach.”
  • $333,000 to Reef Digital LLC for “investor relations, IT support, and strategic advisory.”
  • $365,000 to SeaPath Advisory LLC for “content marketing and strategic advisory.”

These payments were reportedly made to support investor relations and enhance stock value. However, shortly after these disbursements, 1847 Holdings executed three reverse stock splits—each erasing between 90% and 99.999% of shareholder value—raising serious doubts about the legitimacy and necessity of these transactions.

A Potential Attempt to Evade Legal and Financial Liabilities?

Given the timing of these payments, concerns are mounting that 1847 Holdings’ leadership—Ellery Roberts and Louis Bevilacqua—may have orchestrated the disbursements as a means of moving funds before further legal action could be taken. If these payments were not made in exchange for actual services, the transactions could be considered fraudulent conveyance, a deliberate effort to shield assets from creditors.

Additionally, if the funds were funneled back through cooperative third parties, this could potentially escalate into allegations of money laundering.

A Broader Pattern of Financial Mismanagement

While the $2.5 million payout is only a fraction of the larger financial concerns surrounding 1847 Holdings, the transactions follow a disturbing pattern of potential financial misconduct, including:

  1. The payments occurred immediately after Bank of America took legal action against Polished.com.
  2. The funds were disbursed to multiple firms rather than a single established service provider.
  3. Despite its financial distress, 1847 Holdings allocated millions to non-essential consulting agreements.
  4. Following these transactions, the company proceeded with three reverse stock splits that significantly reduced investor holdings.

For a company already under scrutiny for financial mismanagement, these transactions warrant immediate regulatory and legal investigation. If these payments were indeed an attempt to divert assets ahead of legal repercussions, it is imperative that authorities intervene swiftly to prevent further financial losses and protect shareholder interests.

Regulatory Action Needed

With a growing number of red flags surrounding these transactions, investors are calling on Regulators and enforcement to conduct an investigation into the activities of 1847 Holdings. Any attempts to manipulate financial records or evade legal obligations should be met with decisive action to ensure accountability and financial integrity in the marketplace.

For further information, please contact:
Matt Miller

Strategic Risk LLC

New York

NY

9143064771

United States

matt@strategicriskllc.com

### Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. Investors are encouraged to conduct their own due diligence before making financial decisions.

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.

Continue Reading

Press Release

Washington Custom Painting and Remodeling Expands High-Quality Painting & Remodeling Services Across Bellevue, Renton, Kirkland, and Seattle

Published

on

Washington Custom Painting and Remodeling, based in Seattle, WA, has expanded its high-quality services to include cabinet painting in Bellevue, interior painting in Renton, and exterior painting in Kirkland. The company is known for its professional craftsmanship, reliable service, and attention to detail across all painting and remodeling projects. In Seattle, the team continues to offer full custom remodeling solutions, including kitchen and bathroom upgrades, flooring, and tile work. Serving communities throughout King County, the company is fully licensed and trusted by homeowners for clean, long-lasting results.

Seattle, WA, United States, 17th Apr 2025 – Washington Custom Painting and Remodeling, a top-rated local contractor based in Seattle, WA, is proud to announce the expansion of its professional painting and custom remodeling services Seattle area. Known for precision craftsmanship, excellent customer service, and honest pricing, the company now brings its cabinet painting expertise to Bellevue, interior painting services to Renton, exterior painting to Kirkland, and full remodeling solutions across Seattle.

With years of experience and a growing reputation for reliable and high-quality work, Washington Custom Painting and Remodeling has become a go-to resource for homeowners looking to improve their living spaces. The company is fully licensed, insured, and committed to serving communities throughout King County with industry-best standards.

Cabinet Painting Services Now Available in Bellevue, WA

Cabinet painting is one of the most in-demand services for homeowners looking to update their kitchens and bathrooms without the cost of a full renovation. Washington Custom Painting and Remodeling offers cabinet refinishing using premium paints and spray techniques for a flawless, smooth finish. The team works with homeowners in Bellevue to select colors and finishes that complement their home’s aesthetic and increase property value.

“Cabinet painting is an affordable way to completely transform the look of a kitchen or bathroom,” said the owner. “We’re excited to offer Bellevue residents the same professional results that our Seattle clients love.”

Interior Painting Specialists Serving Renton, WA

Renton homeowners can now benefit from Washington Custom Painting and Remodeling’s trusted interior painting services. From bedrooms and kitchens to entire homes, the company focuses on delivering clean, precise lines and durable finishes. All surfaces are properly prepped, and only top-tier paints are used to ensure long-lasting beauty and easy maintenance.

The company also provides color consultations, accent wall designs, and painting for trim, baseboards, ceilings, and more.

Exterior Painting Services in Kirkland, WA

The company’s exterior painting services are now offered throughout Kirkland, helping homeowners refresh curb appeal while protecting their homes from the Northwest’s wet weather conditions. Washington Custom Painting and Remodeling uses weather-resistant, high-performance exterior paints that resist mold, mildew, and fading. Services include siding painting, window and door trims, decks, fences, and more.

“Our painters know how to work in Kirkland’s unique climate. Proper prep and product selection make all the difference when it comes to long-lasting results,” said the owner.

Custom Remodeling in Seattle, WA

In Seattle, Washington Custom Painting and Remodeling continues to lead the way in residential renovations. Their remodeling team handles kitchen and bathroom upgrades, flooring, lighting, drywall, custom carpentry, tile installation, and more. Every project is tailored to the homeowner’s vision and budget, ensuring a smooth, well-managed process from start to finish.

Serving the Greater Seattle Area with Pride

Washington Custom Painting and Remodeling proudly serves Bellevue, Renton, Kirkland, Seattle, and surrounding areas. The company continues to grow thanks to word-of-mouth referrals, repeat customers, and its reputation for dependable, detail-driven work.

 

file

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.

Continue Reading

Press Release

Unmatched Levels: Why European Animal Formulators Never Disclose raw materials

Published

on

Singapore  — The animal formula market in the European pet healthcare industry began to spread rapidly around 2012, and is currently forming a stable market structure centered on major countries. High-functioning formulas are being incorporated into veterinarians’ prescription lines in various fields, including strengthening immunity, joint protection, improving liver function, and delaying aging, and are gaining mainstream recognition among pet carers as an “alternative treatment, not medicine.”

In particular, the sophistication of the formula is at the heart of this market. Multinational companies’ products commercialized in each European country have clinically proven their efficacy, but their compounding technology and raw material composition are kept strictly confidential. **The essence of this market is clear. Animal formulas have grown to about seven times larger than the European pet drug market in that they can expect therapeutic effects like pharmaceuticals but have few side effects. However, only six companies in Europe are capable of manufacturing the products, which has extremely enhanced technology leakage prevention and compositional security between companies.

Industry experts classify animal formulas as ‘functional technology located just before drugs’. It is mainly used in the stage before being registered as a veterinary drug, and is characterized by inducing a physiological response, with few side effects, and is safe for long-term use.

Precisely designed to fit the constitution and life cycle of pets, these products form a fixed market through veterinary hospitals, prevention-oriented clinics, and specialized distribution networks in Europe, and some countries tend to reflect related content in public veterinary curriculum.

Information protection surrounding formula mixing technology is becoming more advanced. Major manufacturing countries such as Belgium, Germany, France, and Austria are increasingly legislating industrial espionage warnings and technology leak prevention guidelines for formula companies.

Many companies are known to keep raw material composition information completely private and use separate encryption systems between R&D and production departments. The raw material supplier contract includes provisions such as “no backtracking” and “restrictions on requests for third-party analysis,” and claims for damages worth millions of euros have also been reported in the event of violations.

In a market where technology is private, there is only one criterion for consumers to trust: effectiveness. European consumers no longer choose products based on the name of the raw material. Instead, they start with clinical results, veterinarian recommendations, and data on reactions after administration for many years, and closely examine how the company collected the data and conducted the research. If a company discloses relevant data to the outside world, consumers analyze in detail the number of samples in the report, the presence or absence of controls, the duration of administration, and the level of change in physiological indicators and reflect them in their choices. In other words, the company’s standards and verification systems that design the data rather than the product are at the core of the choice. The brand is trusted based on empirical data such as clinical results, veterinary recommendations, and post-dose responses for many years.

Veterinary nutrition associations and animal clinical associations in each country regularly publish reports on the effectiveness of functional formulas, and some products have been tested with protocols conforming to human medical standards.

In today’s European animal formula market, the ‘creation’ of products is not just a mixture. It is a company’s technological philosophy and a unique technological asset to be protected.

A company’s competitiveness is determined by ‘what kind of reaction was induced’ rather than ‘who used which raw material’ in this market. In fact, some companies are designing formulas based on technologies that have passed the functional substance review under the European Medicines Agency (EMA) and are continuously publishing clinical results in the form of academic papers.

Throughout Europe, animal formulas have already become a daily treatment alternative. But behind it is a tightly protected black box of technology and composition, and a trust-based competitive structure formed within it.

This is not just an industry that makes products, but the most compressed aspect of the European life science ecosystem where technology dominates the market.


Media Contact:

Company name : Hashmeta Pte Ltd

Contact person : Irene Toh, Business Development Director

(E) mail : irene@hashmeta.com

Website : www.hashmeta.com

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

Press Release

R2 Testnet Season #0 Now Live — Earn Your Rewards Today

Published

on

R2 Protocol Testnet Season #0 is officially live — your first chance to explore the full R2 ecosystem, try out yield-backed stablecoins in action, and earn real rewards for early participation.

Dubai, UAE, 17th April 2025, ZEX PR WIRE, Whether you’re a DeFi newcomer or an onchain native, the testnet is fully open, zero-cost, and permissionless. No capital required. No KYC. Just connect, interact, and earn.

What Can You Do on Testnet?

  • Swap R2USD 1:1 with testnet USDC
  • Stake R2USD into sR2USD, our RWA yield-bearing stablecoin backed by real-world TradFi strategies (e.g., tokenized T-bills, MMFs, real estate rental)
  • Try R2BTC & R2ETH: vaults designed for DeFi-native users with BTC/ETH exposure
  • Complete interactive quests on Galxe and Intract
  • Check your rewards via portfolio page.

Use Join Code: R2YLD to unlock access

Start testing: R2.money

Tutorial: Testnet Guide

What Rewards Can You Earn?

Users earn two types of points during the testnet, both redeemable for $R2 tokens at TGE:

  • Signals – Earned through onchain actions and product usage
  • Pulses – Earned through social engagement and questsSignals carry a higher conversion rate than Pulses.

How points are calculated:

  • Claim testnet tokens via Discord faucet (refreshes every 24 hours)
  • 1 point per $1 of token value per hour held (e.g., 1 R2BTC at $85,000 = 2,040,000 pts/day)
  • Points update daily
  • Invite others with a comprehensive referral system
  • Telegram bot users: your Chips have been converted to Pulses (1 Chip = 1 Pulse)

Your points = your reputation, future allocation, and access to the R2 economy.

What is R2?

R2 is building the next generation of yield-bearing stablecoins, fully redeemable, institution-ready, and composable across DeFi.

At the center is R2USD, a stablecoin backed by real yield from both TradFi and DeFi sources — including tokenized T-bills (e.g. Ondo), compliant MMFs, BTC mining, and real estate.

Simple to use

  • Transparent in design
  • Compatible with institutional-grade strategies We’re not here to launch another stablecoin. We’re laying the foundation for RWA yield in Web3.

Why Participate Now?

  • Earn $R2 tokens via Pulses & Signals
  • Be early, and establish your place in the R2 ecosystem
  • Experience institutional-grade yield strategies — risk-free
  • Contribute feedback and shape the next generation of stablecoins

Follow us on twitter: @r2yield for live campaign launches, quests, and announcements.

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.

Continue Reading

LATEST POST