Brett Wilson LLP Has Track Record in Scam Coin Cases (e.g. Craig Wright and More), Now It Works for 'Crypto' Scam Purveyors

posted by Roy Schestowitz on Jul 16, 2025,
updated Jul 16, 2025

Context: Just Because Common Currencies (Including the US Dollar) Are Considered Uncertain Doesn't Mean People Should Adopt Volatile Multi-Level (Pyramid) Schemes | There is No Such Thing as 'Cryptocurrency' and Please Stop Referring to It as Cryptocurrency

Sometimes one might deal with two totally separate topics, which in turn seem to cross paths or intersect.

Moments ago in IRC someone brought up this news: "An investigation by ICE Homeland Security Investigations New York, alongside several partners, has resulted in an indictment charging two men for their alleged roles in operating and promoting OmegaPro, an international investment scheme that defrauded victim investors of over $650 million. According to court documents, Michael Shannon Sims, 48, of Georgia and Florida, was a founder, strategic consultant, and promoter of OmegaPro, and Juan Carlos Reynoso, 57, of New Jersey and Florida, led OmegaPro’s operations in Latin America and parts of the United States, including Puerto Rico."

Scams come in many shapes and sizes. Remember Craig Wright? Notice the bottom part:

There is more information about it in this article. So there's a connection there between that case, where Brett Wilson LLP was involved, and the Serial Strangler From Microsoft, Alex Balabhadra Graveley, whom I sued today (Brett Wilson LLP received about 200 pages in the post).

Mr. Graveley is not only connected to fake 'coins'. He's also alleged to have misused other people's work, with accusations of plagiarism as we covered here years ago (taking credit for other people's work).

In addition to lying about one's supposed wealth (telling women he's worth like a thousand times more than he really is), he's also accused as follows: "This is now being challenged by Riccardo Spagni, a leading Monero contributor, who accused the project of copying Monero’s technology without giving any credit. 'MobileCoin claims to be based on CryptoNote, but it’s not. It’s based on Monero…not sure why there’s no credit where credit is due?'"

Remember that Mr. Graveley would later create a plagiarism blender with his friend Nat Friedman. They falsely passed off this plagiarism as "AI".

But wait, it gets worse. MobileCoin is mentioned above and it is connected to FTX. Quoting Wikipedia: "In 2021, MobileCoin played a role in the financial collapse of FTX. A buyer on the FTX platform purchased a large amount of MobileCoin, artificially driving up the price, and then borrowed against it on FTX. The platform had to buy out the trader to protect itself, and survived thanks to a loan from sister company Alameda Research, resulting in a loss as great as $1 billion. In April 2022, MobileCoin cohosted a happy hour with FTX at Crypto Bahamas 2022."

It does not quite seem like Brett Wilson LLP understands what it got itself into. Or maybe it understands but does not care.

As Ryan has just put it in IRC^*: "They were spending all the money, it was a Ponzi scheme, they faked your reports about your balances. When he couldn't pay he went and tried to hide in a country where he was guaranteed to be extradited. Not the best escape plan. There's limited countries that don't have an extradition treaty with the United States, and there's usually a reason for that. Like China which wouldn't let him in. North Korea, which killed an American for stealing a propaganda poster. Maybe Russia or Belarus. Americans aren't allowed to travel to North Korea. I mean, if you want to go there's probably a way, but you'd be breaking federal laws to go there. It wouldn't be a very good idea. They have arbitrary laws, harsh punishments, they always keep a close eye on foreigners and control where they go. If you end up in trouble, there's no embassy and they wouldn't respect your right to contact your government even if there was. If you take them up on their offer for that new tourist spot, the US government might actually become the least of your problems. :)"

If more victims of Mr. Graveley speak out or speak to the police, will Mr. Graveley seek refuge in another country? Also, how is Brett Wilson LLP going to pay back its debts? In its repeated threats against me and against my wife it mentioned "bankruptcy". It was projecting in a typically cruel fashion. █

^_________

* "Might clarify I was speaking about FTX being the Ponzi," Ryan added later. "I mean, there's a lot of fraud around cryptocurrency. People insist there are "legitimate exchanges". But there's been so many that turned out to be a scam, where the "money" was just lies. I mean, if you really had that balance you could probably sell it to someone at the current going rate, but the balance isn't there. There's nothing there."

"I don't think that cryptocurrency is just going to collapse overnight or something. It's volatile, but there's no sign of an imminent collapse. It's people who leave it on exchanges who should be particularly worried. Most registered investments are not that volatile. The S&P 500 or the Nikkei or the rest, you know, you wake up they go up or down a bit. Tensions flare somewhere and people panic, but it brings the index down 1%, but over 30 years you tend to make 9-13% per year when you average it out. You don't have to worry about throwing your money into some "digital asset" that's so volatile that one day they say you can sell one coin and get $75,000, then the next it's $118,000, then a week later it might be $50,000. On top of the exchange might be ripping you off, or it may not be, or who knows."

"You're better off just buying regulated assets with a track record and holding on to a diverse mix. You notice that nobody rich puts a lot of money in bitcoins. Bill Gates might be crooked, but he's no fool with his money. He invests in garbage removal companies and sewage treatment plants, right? Even in the worst economy people have to pay some things. You can't let garbage pile up without going anywhere, you can't stop paying the water bill. Rich people have been making defensive investments over the past two years. They're not speculating."