(Source: Law360.com ) Andrew R. Katz, aka Ross Katz an Arvada, Colorado man who is said to be residing in New York and claims to be both a former UBS equity research analyst and a former FX trader for EFG Bank, and now presents himself as co-founder of Seaquake.io, a”digital asset infrastructure company”, along with Seaquake CFO Matthew J. Krueger of San Francisco (photo right), who claims to be a former PayPal “Finance Manager” and says he was the former “Head of Finance” for Venmo, along with UK resident Dylan Knight have been named as Defendants in a Federal Court complaint alleging the men advanced a systematic scheme to defraud a Florida-based investor group. The complaint cites multiple accounts of securities fraud, fraud in the inducement, and wire fraud.
According to background searches, Andrew Katz has a lengthy criminal history, including two arrests in 2018 in Los Angeles on domestic violence charges. A 2006 class action lawsuit against World Wide Association of Specialty Programs and Schools, a Utah-based facility for emotionally-troubled youth, identifies both Andrew Katz and his mother, Alyson Katz, also of Arvada, Colorado, among the plaintiffs.
As profiled here (https://www.marketsmuse.com/seaquake-io-fintech-fraud-katz-krueger-conspiracy/) As acknowledged by the defendants’ attorney, Yasin Daneshfar of Florida law firm Becker and Poliakoff, Katz and Krueger also moved tens of thousands of dollars to personal accounts the defendants established at Compass Bank. Attorney Daneshfar argued “the so-called “SAFE Agreement” did not preclude the defendants from dispersing the money as they saw fit.” Daneshfar further acknowledged in a recent court appearance that, in addition to the defendants enriching themselves with much of the investor’s funds, the investors funds have also been used by Katz and Krueger to pay the Becker law firm in their effort to defend themselves against the investors in federal court. When challenged with this use of funds by the federal court judge who pointed to the series of communications from Katz to the investors, Attorney Daneshfar was said to have responded to the judge with a smirk and a shrug of his shoulders.