A Serial Tech Investment Scammer Takes Up Coding?
Summary: KrebsOnSecurity reports that John Clifton Davies, a 60-year-old UK fraudster who fled in 2015 before being sentenced to 12 years for fraud, appears to have adopted the identity Alan John Mykhailov, listed as chairman of CodesToYou LTD, a software development company incorporated in May 2022. The article ties that identity to Blackstone Corporate Alliance Ltd, which business-monitor.ch says holds a decision-making role in The Inside Knowledge GmbH, the fake Swiss due diligence firm Davies used to collect upfront fees from startups.
What's compelling: Davies built the con so brokers brought his portfolio to startups rather than approaching victims himself, and companies bilked by small-time investment schemes rarely sue because legal fees can exceed the losses and victims are often too ashamed to come forward.
Read the original at Krebs on Security ↗
- Topics
- Fraud & Scams
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