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Mr. Rogers, who ran an funding fund with George Soros and wrote the e book “Investment Biker,” mentioned he had briefly been a “skeptical adviser” on the undertaking since he didn’t count on it to work. He added that he had by no means purchased cryptocurrency, not to mention by way of Mr. Hannum.
“I’ve by no means heard of him,” he advised me by electronic mail. “That is all absurd.”
Mr. Hannum was considerably linked to the failed enterprise: He labored at a advertising agency in Santa Monica, Calif., known as Hawke Media that helped with it, in response to Erik Huberman, Hawke’s chief govt.
A Information to Cryptocurrency
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 strategy to ZenLedger. Pat Larsen, ZenLedger’s chief govt and a founder, wouldn’t get on the cellphone 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 outdoor 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 consider Mr. Hannum ever misrepresented the corporate itself, he added.
(The I.R.S. connection is actual: ZenLedger has four contracts, totaling $509,600, below the company identify Blockchain Analytics and Tax Software L.L.C. The company mentioned contracts typically remained in place till they expired. “Nonetheless,” it added, “authorities contracts, together with this one, are topic to ongoing overview in accordance with federal contracting requirements.”)
So how did Mr. Hannum find yourself at ZenLedger?
“Mr. Hannum was referred to ZenLedger via 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 grew to become evident that he had misrepresented his training and work historical past, in addition to the character of his position with ZenLedger, his employment with the corporate was terminated that day.”
A verify of federal information is rarely a foul 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 proper questions, what about its buyers?
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