Frank DiCrisi and Gregory “Tuffy” Baum are connected to Traders Domain by Savvy Wallet.
The connection between Savvy Wallet and Traders Domain was first covered by BehindMLM back in February 2023.
Briefly put, Oscar Garcia, DiCrisi, and Baum were in charge of the now-defunct Batched Ponzi operation.
At some point, DiCrisi and Baum started using Savvy Wallet, a cryptocurrency payment processor they owned, to transfer Batched investor monies into Traders Domain.
The SEC contacted Batched in the middle of 2022 and asked for details about the company.
Garcia was dropped by DiCrisi and Baum around the conclusion of 2022. Around the same time that Traders Domain crashed, Batched also failed.
The SEC is still looking at Batched and Garcia, as well as perhaps Baum and DiCrisi.
The millions of The Trader’s Domain were cleared out in batches.
Oscar Garcia recently claimed in a legal statement that tens of millions of dollars had also been laundered, following up on his claim that Frank DiCrisi was too responsible for Batched’s downfall.
Those involved in this tale are, for your information:
- Batched – the rebranding of the Uulala Ponzi scheme (late 2021)
- Oscar Garcia – owner and CEO of Uulala and Batched
- Fire blocks – a crypto payment processor used by Batched
- Batched Merchant Services – shell company created by Frank DiCrisi in mid-2022
- The Traders Domain – collapsed Ponzi scheme (non-MLM)
- Ted Frederick Joseph Safranko – the owner of The Traders Domain
- Savvy Wallet – cryptocurrency wallet and payment processor
- Frank DiCrisi – co-owner and COO of Batched, co-owner of Savvy Wallet and The Traders Domain investor
- Gregory “Tuffy” Baum – co-owner of Savvy Wallet and The Traders Domain investor
Oscar Garcia recently claimed in a legal statement that tens of millions of dollars had also been laundered, following up on his claim that Frank DiCrisi was to responsible for Batched’s downfall.
The following was mandated by the Court on January 12, 2023, and I had 24 hours from the time I was served with the “Order to Show Cause Re Preliminary Injunction, and Temporary Restraining Order” to comply.
(1) complete all required actions to activate the Fireblocks platform again,
(2) furnish Plaintiffs with the Fireblocks platform’s credentials (i.e., private keys),
(3) give the plaintiffs access to the mobile app’s API code so they can use it with the Savvy Wallet platform.
(4) grant access to the Master Account and Fireblocks vault, and
(5) refrain from taking any more steps to block or deactivate the Fireblock platform.
The reason DiCrisi and Gregory “Tuffy” Baum were so eager to get their hands on Batched’s Fireblocks credentials would become evident later.
Garcia claims that as of January 19th, he met the TRO’s requirements above.
The conditions would become unchangeable if the desired injunction were granted.
Garcia makes it clear in his filing that the removal of the Uulala branding was caused by the SEC’s 2021 lawsuit against the business for fraud.
After years of litigation, we chose a firm to settle with the SEC. I received a personal punishment, but I was under no obligation to admit or reject my wrongdoing.
The company Uulala, which Frank DiCrisi owns and manages, was also punished.
We found that several of our banking providers had stopped serving us after learning about the SEC investigation and settlement after the penalties were assessed.
We changed the card issuer for the Uulala program to Berkeley Payments. Berkeley’s primary bank is called Evolve Bank.
While moving all services to Evolve Bank, Frank DiCrisi and I continued to manage the company.
Both Batched and Uulala opened Evolve Bank accounts. Following suit soon after, Evolve Bank also ended the Uulala card-issuing program while keeping Batched as a client and claiming the SEC settlement as an explanation.
In contrast to Batched, which continued at Berkeley and Evolve Bank, Uulala was shut down sometime in or around March 2022.
Soon after, I received a call from Frank DiCrisi informing me that Evolve Bank would need to remove my name from their records to continue doing business with us. And I agreed.
Batched carried on for a few months until July 2022, when the SEC said that it was renewing its investigation into the company (BehindMLM learned about and reported on the SEC’s investigation last month).
Around July 2022, the SEC issued us another letter demanding more details regarding Uulala, Batched, and any other companies we founded or owned.
In response to the SEC’s letter, Garcia and DiCrisi created Batched Merchant Services.
The Batched DAO was for MLM, and Batched Merchant Services would take care of the business’s financial operations in this attempt at pseudo-compliance.
Given that Batched Merchant Services wasn’t even established until 2022, Garcia contends that the Batched Merchant Services agreement he and DiCrisi executed was incorrectly backdated to 2021.
I found the agreement to be really odd. With the division of Batched into Batched Merchant Services and Batched DAO, it is now clear that Plaintiffs and Frank DiCrisi made another step toward the creation and execution of the Ponzi scheme.
That’s The Traders Domain, not Batched itself as a Ponzi scheme, which we’ll talk about later.
Since it was used to allay SEC concerns, give the firms a more respectable appearance, and facilitate the creation and operation of the Ponzi scheme, the Agreement served as a tool in the Plaintiffs’ fraud.
One of the steps the Plaintiffs and Frank DiCrisi took to establish their control over the Ponzi scheme was to pursue this action.
The contract’s primary purpose, which is to continue a Ponzi scheme and commit a money-laundering offense against the Plaintiffs’ customers, is made possible by the fact that it is unlawful.
In the continuing SEC investigation, Batched’s “accounting issues” erupted in October 2022.
I kept reminded Frank DiCrisi that we needed to take care of the accounting issues (i.e., who we owe money to and how much we owe them) right away over the phone and in messages.
I confessed to him my concern that our delays would lead to multiple people suing us.
Garcia learned of the Traders Domain Ponzi scheme at this moment.
I discovered “The Traders Domain” program via these SMS messages on October 28, 2022.
Frank DiCrisi asserted that he had the resources to both make money and pay off our debts to sales agents. I asked him how he would explain the program to me, and he did.
He claimed that if I put $20,000 into the plan, I could practically start taking out 1% to 2% daily right away.
It sounded unsustainable and comparable to many of the illegal operations that had previously been shut down, I told him in my text message to him.
He maintained that having his family involved had already provided him with many advantages. He claimed to be in control of $4 million of their funds in a text message and assured us that he could make us whole if things went wrong.
I told him I’d call him later to talk about it. Throughout the conversation, he emphasized that he and his son, as well as Plaintiff Gregory “Tuffy” Baum and his son, were experiencing great success.
Frank DiCrisi said when I asked who brought in “The Traders Domain” that Plaintiff Savvy Wallet LLC (“Savvy”) and Gregory “Tuffy” Baum did.
I told him I wasn’t willing to risk participating in a forbidden program. I was worried about my SEC settlement and the request for a continued investigation.
Considering November 2022;
When I was browsing through my emails in November, I came across a strange email that Frank DiCrisi had sent to Fireblocks, the company that provided our cryptocurrency wallet.
We started using FireBlocks with Uulala at the beginning of 2021, paying $5,000 per month for their services. For a full year of use, we continued to use the service with Batched and paid more than $60,000.
But after reading this email, I realized Frank DiCrisi was trying to delete my information from the system.
I asked about the timing and validity of this request in an email to everyone involved. Frank DiCrisi countered by saying that it had already occurred, possibly on November 9, 2022.
This was not how we had agreed to do things, I shot back.
Later, Garcia and DiCrisi allegedly fixed the issue over the phone.
After our phone talk, he and I determined that the ownership would remain in my console.
At this point, things start to become a little fuzzy because Garcia learned through communication with Fireblocks that DiCrisi had “sold” Batched to himself.
Our recent phone conversation was verified by Frank DiCrisi‘s following emails to Fireblocks, and he gave them the order to transfer ownership to me.
He confirmed this to me via two emails.
Despite what he claimed in his affidavit that was submitted with the “Ex Parte Application for Temporary Restraining Order and OSC Re: Preliminary Injunction,” Frank DiCrisi never told me that he had transferred Batched Merchant Services to Savvy in October 2022.
These actions worried me. I immediately banned his access to email and started investigating his actions.
I found that sometime in or about July 2022, Frank DiCrisi requested assistance to change the ownership status of Batched DAO LLC.
Our LLC service provider was emailed by Tracey Wallace and Frank DiCrisi to find out the prerequisites for the ownership change.
She required my signature, which was confirmed in the correspondence from our LLC provider.
The email I read after that showed Frank DiCrisi signing the document she required with my signature.
I don’t recall signing this, and this is not my signature. Someone fabricated that document. It alarmed me.
Garcia eventually asked DiCrisi about his conclusions.
After a few days, I informed Frank DiCrisi via email of all I had learned.
On or around November 16, 2022, I sent Frank DiCrisi an email warning him to stop working and informing him that “Any mismanagement or fraudulent convenience of Tech, Vendors, Clients or funds is frankly illegal and a case against you me or both.”
In the email, I discussed my research on the more than $11 million in cryptocurrency transfers that took place through our system and were made to the company “The Traders Domain.”
I told him that the company he was utilizing couldn’t possibly function in the US.
That claim is made by the company on its website. I informed Frank DiCrisi in the email that I had an outside accounting team examine the company and our processes.
The independent accounting team feared that someone might have been using this situation as a way to launder money by serving as a mule.
Frank DiCrisi was the insider who authorized these operations, and our system served as the “mule” in these transactions.
I expressed my concerns to him and reminded him that we needed to work through and overcome these challenges.
In response to my email, Frank DiCrisi sent me a settlement agreement as opposed to a statement that he had sold the company to Savvy in October or a request for Fireblocks keys.
Garcia accepted DiCrisi’s offer of $200,000 in services and six months of support.
The settlement agreement also covered the disclosure of Uulala and Batched’s Evolve Bank data.
These never become accessible.
He gave reasons as to why he couldn’t get them. I found an email where, in early 2022, Frank DiCrisi can be seen downloading the computerized statements for our two bank accounts.
I think he was lying about that.
Between November 2022 and the end of the year, according to Garcia, DiCrisi managed the laundering of tens of millions of dollars from The Traders Domain Ponzi scheme through Batched.
Over the Christmas break, I became aware of a number of incidents in which the crew had misappropriated cryptocurrency deposits.
I received word that the lots of lost Bitcoin totaling $40,000 were missing.
I told Frank DiCrisi that in order to reconcile the account, he would need to examine his dubious accounting practices to figure out which clients were allowed to withdraw Bitcoin or trade it for cash.
I asked him for all of his records. Instead, he asked me to send one of our finest programmers, with whom Frank DiCrisi was no longer interested in working, to check into the situation.
So I did. But what was shown was shocking: over the previous two months, about $20 million worth of cryptocurrency entered and left our system.
The majority of the transactions were for the company “The Traders Domain,” and even though there were no costs associated, I felt compelled to take action when we noticed this. I thoroughly audited and examined the legal aspects of each transaction.
In this part of the petition, Garcia discusses The Traders Domain’s Batched money laundering activities.
A Ponzi scam is The Traders Domain. Gregory “Tuffy” Baum and Frank DiCrisi are directing their own funds into the Ponzi scheme.
Using our technology and service providers, they have transferred more than $50 million in cryptocurrencies and US dollars directly to the “The Traders Domain” systems.
The Traders Domain is a collaborator or a client of Savvy.
Savvy employed technical specialists from Batched to create a unique system that would allow the admission of US dollars and cryptocurrencies into the Traders’ Domain.
Typical signs of a Ponzi scheme include substantial incoming fund transfers received on behalf of a foreign client with little to no stated rationale.
Most financial transfer activity is unexplained, repeats itself, and shows strange patterns.
Furthermore, it’s common for payments and receipts to be unrelated to actual contracts, purchases, or services rendered. Each of these symptoms could be seen in this situation.
In conclusion, the Plaintiffs changed the Batched system during my investigation to allow the Traders Domain to function in the US.
Some of the transactions we have observed, which demonstrate that more than $20,841,697.519 in USDT was transported into and out of our Fireblocks service during the months of November and December 2022, substantiate this activity.
Garcia claims that he then “shut down” Batched’s Fireblocks account.
I didn’t cut off the Plaintiffs’ business ties when I deleted the Fireblocks account.
I took measures to stop the illegal behavior that was going on and to protect the money belonging to the clients of Plaintiffs who were taking part in the Ponzi scheme.
By deactivating the site, we were able to temporarily stop the Ponzi scheme’s illicit use of Plaintiffs’ clients’ money and make an audit possible.
Despite The Traders Domain’s failure, DiCrisi and Gregory “Tuffy” Baum were given access to the ill-gotten gains and the frozen Fireblocks account via the authorized TRO.
On January 3, 2023, I sent Frank DiCrisi a message explaining the necessity for a thorough audit and instructing him to “turn off all access to systems until the audit and legal are done.”
To stop the Plaintiff’s illegal actions and protect the money belonging to Plaintiff’s clients, the Court ought to order the deactivation of the Fireblocks platform.
Gregory “Tuffy” Baum (and subsequently Frank DiCrisi) sued Oscar Garcia on January 9th, 2023. I believe the ex-parte, TRO, as previously noted, was approved on January 12.
On February 27, a hearing will be held to consider the application for a preliminary injunction.
The court records are not directly accessible to me, but I will check again on February 28 to see if anything has changed.
What is a Ponzi Scheme?
A Ponzi scheme is a criminal deception investing fraud pledging increased rates of interest with less chance of loss to investors. On the other hand, a Ponzi scam is a deceitful investing fraud that induces retrievals for earlier investors with money carried from later investors.
Many people put their money into these bogus schemes without doing the proper research about the site.
These schemes would be unreliable for the investors various people lose their hard money. By putting their money into these schemes.
It is hard to see that these MLM scams are never covered by the media. But I really to the author of the article for providing such information which makes me aware of these MLM scams.
They are the collaborators of the Savvy Wallet, who are a threat to society. Who had the allegations of money laundering, they are reliable for the investments.
There are various complaints about Frank on various websites, that he indulged in various illegal activities.
People like Frank don’t care about their clients. They are only here to deceive their own clients.