The Story of a Crypto Govt Who Wasn’t Who He Mentioned He Was

Mr. Rogers, who ran an funding fund with George Soros and wrote the e book “Funding Biker,” mentioned he had briefly been a “skeptical adviser” on the venture since he didn’t count on it to work. He added that he had by no means purchased cryptocurrency, not to mention through Mr. Hannum.

“I’ve by no means heard of him,” he advised me by e mail. “That is all absurd.”

Mr. Hannum was considerably related to the failed enterprise: He labored at a advertising agency in Santa Monica, Calif., referred to as Hawke Media that helped with it, based on Erik Huberman, Hawke’s chief govt.

I may discover no proof that Mr. Hannum had made any enterprise investments, not to mention $100 million value. And it’s not clear precisely how he discovered his solution to ZenLedger. Pat Larsen, ZenLedger’s chief govt and a founder, wouldn’t get on the telephone with me and didn’t reply to any of my emails. I additionally wished to know if he had learn the large Forbes profile, the place Mr. Hannum described how he had been an early funder of ZenLedger.

Rob Ford, an out of doors spokesman for ZenLedger, tried to clear some issues up. He mentioned that Mr. Hannum didn’t put money into ZenLedger and that Mr. Larsen had not learn the Forbes article. The corporate doesn’t imagine Mr. Hannum ever misrepresented the corporate itself, he added.

(The I.R.S. connection is actual: ZenLedger has 4 contracts, totaling $509,600, underneath the company title Blockchain Analytics and Tax Software program L.L.C. The company mentioned contracts usually remained in place till they expired. “Nonetheless,” it added, “authorities contracts, together with this one, are topic to ongoing assessment in accordance with federal contracting requirements.”)

So how did Mr. Hannum find yourself at ZenLedger?

“Mr. Hannum was referred to ZenLedger by knowledgeable relationship and was cleared by a federal background verify with no flags concerning his training or work historical past,” the corporate’s assertion mentioned. “As soon as it turned evident that he had misrepresented his training and work historical past, in addition to the character of his function with ZenLedger, his employment with the corporate was terminated that day.”

A verify of federal information isn’t a nasty concept when hiring somebody, however it most likely wouldn’t elevate purple flags about an individual’s skilled or instructional background. So if ZenLedger wasn’t asking the fitting questions, what about its traders?

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