A few thoughts on the inevitable and probably very imminent Epik bankruptcy filing:
Over the last 6 months, since Brian Royce took over as CEO, Epik has sold off millions in "assets" and taken in more than a million more in fraudulent escrow deals and all of that money has been distributed to insiders and partners in crime or spent on trying to build a dumb "fintech" app. After the bankruptcy all those recipients need to be identified and that money clawed back. The largest asset Epik has is their remaining ~300K domains under management. I have no idea what a sale like that would be worth and have heard estimates from $0-10/domain but hopefully, the sale and transfer of those domains through ICANN process will occur after the bankruptcy otherwise I feel confident Epik will continue spending money on insiders and building their own futures with other people's money, people that did not agree to any such thing. If that happens then there will be nothing left in Epik to pay back victims and I'm afraid this could drag on for years trying to pry all that embezzled money back from Rob Monster's greasy little hands.
As soon as Rob Monster was verified as a fraud he should have been shut down permanently by the people who had the cause and means to do it. If that would have happened none of these victims would have been created, there would have been more money to recover from Monster before he could spend and hide and season it all, there could have been OS registrar software build and many alternative registrars created to defend free speech and people like me that actually care about free speech and the USA and humans wouldn't have to use up their time and limited resources cleaning up such idiotic messes. What a massive waste of money, time and energy with nothing to show for it. $10s of millions spent and the "free speech" world not only has nothing to show for it but is actually worse off. With friends like that, who needs enemies. More than likely exactly what the plan was all along.
https://providencepost.com/why-false-alternatives-are-worse-than-no-alternatives/
For many, many years, prior to Royce taking over as CEO, Rob Monster has been lying about his products and services with no concern for who got hurt, stealing domain assets from customers and even friends, running a massive ponzi scheme that was upside down more than $5,000,000 and defrauding investors and lenders out of more than $20,000,000. When he saw his house of cards couldn't grow any more and was starting to collapse he embezzled more than $10,000,000 and left a giant wake of financial and political victims in his path. He was able to accomplish this by pretending to be something and someone he is not and attaching himself to the Christian, alt-right and "free speech" communities in a hard pitched affinity scam. It turned out, unsurprisingly to me, that he has been desperately trying to sell Epik to anyone that would buy it with no concern for the wrong think refugees he claimed to care about and begged to joined his trash fire, in fact he cared so little for those he claimed to serve that his greed ended up bankrupting and even putting many in prison.
The only way Epik could have ever been saved, as Brian Royce claimed to be trying to do, was to get the $10,000,000 back that Rob Monster stole, pay back customers to restore reputation and repay or at least manage repayment of creditors that were defrauded BUT there have been no actions taken to that end and I find that very, very suspicious. No matter what the FBI, DOJ, WA AG, creditors, or anyone does or doesn't do, one thing I know for sure is that, as Rob Monster is fond of say, judgement is coming.
