The recent shake up and then crash of Moolah, and apparently everything connected with it, has led to a great deal of speculation in the cryptocurrency community. Moolah CEO “Alex Green” has issues several statements on the issue, officially resigning in his latest blog post. He also vehemently claimed that Moolah was not a scam and that the failure was simply caused by bad management. He also claims that any suggestions that he has been involved in scams in the past are completely false.
Because of the controversy, Cointelegraph reached out to Ben Doernberg, former Board member of the Dogecoin Foundation for his comments. Doernberg has had numerous contacts with Green, including a video conference at which Green dyed his hair bright orange, and has provided us with his thoughts on the fiasco presented in the interview below. We would like to thank Ben for his input and contributions.
Cointelegraph:So that our readers will be up-to-date, can you give us your background and your connections with Moopay LTD?
Ben Doernberg: Since April I have been trying to warn members of the digital currency community that Moopay LTD is not a reputable company and that Alex Green is most likely lying about his identity.
CT: What do you know about Alex Green’s possible real identity?
BD: After receiving several emails from concerned parties, including former employees, it’s come to light that “Alex Green”, CEO of Moolah appears to be well known internet scammer “Ryan Kennedy,” also known as “Ryan Humble,” “Ryan Gentle,” and many other pseudonyms.
A simple Google search will lead you down the path of abuse, fraud and destruction he leaves in his wake. From the information provided, it is clear that the many people affiliated with this individual were not aware of whom they were dealing with. The employees of Moolah, Mintpal, and Dogecoin / SysCoin communities were led to believe this individual was named “Alex Green” and were not aware of his history when doing business with him. It is not believed they were part of any fraudulent or suspicious activity.
CT: Alex Green has made two announcements. In the first on October 14th, he said that the company was closing its doors permanently. But on October 16th he announced his resignation because he wanted the company to succeed. Understanding that this is not your announcement, can you explain the conflict?
BD: Ryan appears to be a pathological liar who is sustained by attention and controversy. I believe he is flailing wildly trying to avoid legal consequences for the many crimes he has been accused of committing.
CT: Green has also said that the company lost several key investors but does not explain why they were lost. Can you reveal who they were and why they pulled support?
BD: I do not believe they had any key clients or key investors beyond the members of the public who gave them over 750 BTC.
CT: Why do you think was the search for new investors limited to only Asia?
BD: Because Ryan Kennedy has a well-documented obsession with Japan and Japanese culture and because it is more difficult for the mostly-Western investors to evaluate the likelihood of his claims.
CT: Reports are that funds are safe and accessible. But we have had reports from at least one user that not only has his account not been restored but that his emails are not even in the system. Are funds available for all accounts or only a limited number?
BD: I believe Ryan may be attempting to allow users to withdraw their funds, but is running into technical difficulties completing the process.
CT: Will MintPal continue to function with no association to Moolah?
BD: I highly doubt it. Their reputation is absolutely destroyed.
CT: Is MintPal funded separately from the main company and, if not, how will it continue to function, keeping in mind daily expenses?
BD: I do not believe Mintpal is funded separately from Moopay; Mintpal appears to be owned by a shell company, which Alex Green owns a 48% interest in: Torihikiu LTD.
Did you enjoy this article? You may also be interested in reading these ones: