This post is notice that I have no other choice but to initiate legal action against IRTA involving all Office Bearers within the organisation, specifically naming President Annette Riggs and Board Member Ron van Hilten but as well as them, all participants in the fraudulent conduct of Universal Currency. I detail who I have to sue and who I will be working on behalf of. I share why I am doing this and how I will be continuing to expose the nepotism, deception, coverups and outright corruption within IRTA, it’s collaborators and new owners – Bartercard.
I’ve had enough – way, way, way more than enough. Who the h*ll do these guys at IRTA think they are?
Get this . . .
For well over a year, I have spoken to people the world over who have been concerned at and hurt by the conduct of an organisation established for the good of an entire industry [in many cases an industry that they love], called IRTA, the International Reciprocal Trade Association.
For over two weeks now, I have blogged more than 60,000 words exposing the corruption, self-interest and incompetence of the office-holders and their cronies. I have worked virtually full time, all with NOT ONE PENNY of personal income BTW for the simple reason that (just like with the conman Daniel Evans and his Ormita fraud in 2013) the crescedo of hurt and injustice that I was hearing from the industry got to a point that I could no longer ignore those cries for help. I had NO ALTERNATIVE but to speak out.
I stepped into a political minefield in an industry thick with corruption and I’ve ‘put my balls on the line’ to speak up about matters that most have feared to mention except with hushed breath or in private. I’ve risked my reputation knowing full-well that if I got even just one tiny little fact wrong, I’d be toast with the ever-present knowledge that lawyers and detractors and certain interests are poised to pounce on me. NOBODY ELSE dared to do this and with the recent responses from the people currently at the helm of this organisation, I really can see why!
And the reasons?
I’ve been accused of mal-intent and with bad motives by people in senior positions of trust in “Confidential” or “For your eyes only” communications. I’ve been slandered with ad hominem attacks behind my back by the leaders in the industry (themselves with agendas), deliberate white-anting from nasty people (again the ones in powerful positions) and now accused publically of bad motives and lying by the very organisation that should be addressing the issues I have raised! It’s unbelievable!
My many hours of work analysing actual figures from the Universal Currency system has been publically called into question from the very people who should be supporting a full audit and investigation. They know full well that I speak the truth; that I am right and that there is something seriously wrong with IRTA, its leadership, its direction, its ethics and conduct and more recently its conduct in regards to UC.
The problem is that they are the foxes that are guarding the henhouse!
The straw that broke the camels back
I’ve attempted to reason, to speak the facts and to be patient with these people but that’s now all over. The gloves are now off. I’m preparing to initiate class action against these crooks who consider it normal to lie; who have no compunction to profit and benefit on the backs of others; who play the player and not the ball and who think nothing at trashing and mouthing off at people (like me) who stand for truth, justice, integrity and what’s good for the industry.
The straw that broke the camel’s back in my case is a direct tag-team attack from an IRTA Director (Rob van Hilten) and the President (Annette Riggs) on my credibility. Their public claims that I am wrong about facts (taken from their own data!) and that I have an unhealthy agenda have crossed the line of decency, integrity and the law.
Apart from being just stupid and totally unprofessional conduct, what they have said is outright defamation.
I’m not interested in petty squabbles on forums. I work with facts. I present them on my website and interact with people the world over to help them and help the industry in whatever way they want. I offered my services in strategic thinking to the IRTA Board to help them but they ignored the offer. I’ve blogged gracefully but firmly and given the leaders every opportunity to do the right thing but now due to the sheer stupidity of IRTA’s leaders in defending the indefensible and attacking me personally, I have no other choice now, than to sue.
IRTA Members, I believe that you should be totally ashamed of the conduct of those who are supposed to be representing your best interests.
For the record these are the comments made in public forums:
AR [Open Collective Skype Chat – a closed invitation-only group consisting of thought leaders in the Alternative Currency space):
Dennis gave me a couple of hours to respond to his absolute lies and misinformation before publishing it. I only saw it at the end of his deadline. Sad that he is so misinformed and that personal agendas reign. More sad that people doing important work could be distracted by this nonsense. I won’t be responding further accept by sincere and personal inquiry.
Most importantly, UC is the most respected and solid currency in the trade/barter sector and these allegations about fraud and insolvency are egregious to say the least.
RVH [On a Dutch Barter group]:
N.a.v. de berichtgeving van Denis heb ik e.e.a. nagetrokken en kom tot de conclusie dat er weinig van het verhaal van deze Denis blijft staan:
– de UC functioneert volledig binnen de door UC / IRTA gestelde regels, daar wordt op de daar voor geëigende momenten over gerapporteerd en gecommuniceerd naar bestuur en leden.
– geen enkele van de bestuurders heeft een saldo of gedrag dat afwijkt van wat door de UC committee is geautoriseerd.
– Niet 8 maar 5 bestuurders hebben momenteel een negatief saldo, wij zijn daar eentje van met een saldo van -224 US dollar.
Als IRTA zijn we blij met het werk dat Denis heeft gedaan rond Ormita. We hebben het onderzoek vergeleken met onze eigen kennis en ervaring over Ormita en op basis daarvan besloten het aan te bevelen. Echter, het rapport blijft van Denis en de inhoud en de verantwoording daarvan blijft zijn discretionaire verantwoordelijkheid. Wij hebben het alleen aanbevolen.
Het is het goed recht van Denis om welk blog of rapport dan ook te maken. Ook als hij zich tegen IRTA of UC wil richten. Alleen moeten de feiten dan wel kloppen. Dat is in dit geval niet het geval. Nogmaals: ik claim niet dat IRTA of UC foutloos of onfeilbaar is – elke organisatie heeft zijn zwakke punten, grenzen en beperkingen. Het is echter niet zo dat er in IRTA of UC structureel wordt gefraudeerd. Mijn rol als bestuurder van IRTA is – samen met mijn collega bestuurders – de vereniging te blijven verbeteren. IRTA blijft voor mij een van de belangrijkste plekken om collega’s wereldwijd te leren kennen, kennis te delen en ervaringen uit te wisselen.
Ik vertrouw erop dat dit voldoende toelichting is.
Google Translate renders this:
N.a.v. reporting by Denis have I missed verified and come to the conclusion that there is little of the story of this Denis remains: – UC operates entirely within the UC / IRTA rules, there is the on that reported for appropriate times and communicated to the board and members. – None of the directors has a balance or behavior that deviates from what is authorized by the UC committee. – No 8 but five drivers currently have a negative balance, we are there one of them with a balance of -224 dollars. If IRTA we are happy with the work that Denis has done around Ormita. We did the research compared with our own knowledge and experience Ormita and based on that decided to recommend it. However, the report continues Denis and content, and its recognition continues its discretionary responsibility. We are only recommended. It is the privilege of Denis to also make. Than any blog or report Even if he wants to focus. Against IRTA or UC Only must the facts are correct. That is, in this case is not the case. Again, I do not claim that IRTA or UC flawless or infallible – every organization has its weaknesses, limitations and restrictions. It is not that there is fraud. Structurally IRTA or UC My role as director of IRTA is – together with my fellow directors – to continue to improve the association. IRTA remains for me one of the main places to get to know colleagues around the world to share knowledge and exchange experiences. I trust that this is sufficient explanation.
AR [THINK! Barter – a moderated LinkedIn chat group consisting of 890 barter industry professionals and interested parties]:
1) UC is thriving and is not mismanaged or even struggling, let alone anywhere near bankruptcy. Members continually seek to earn more UC which reflects the high demand for the currency. The UC users themselves know this to be the case.
2) IRTA’s UC account is currently at -206,308, which is typical for this time of year, five weeks before the IRTA convention. Like most years, IRTA had to pre-pay the hotel 128,634 in UC for the convention on May 16, 2014. As in prior year’s IRTA will earn that pre-payment back from convention sponsorships and convention registration revenues, plus IRTA receives an 80,000 trade management fee from UC in December. UC’s bad debt reserve account has a healthy surplus.
3) UC is set up to allow members to see the balances of other active UC members, however they are not able to view the trading history of other members or system reports, hence Mr. Smith is obtaining information about UC from a mysterious source and apparently an unreliable one.
4) UC reports its ACTUAL trade volume generated directly from the GETS monthly reporting system.
5) Nordic Barter has not had a sale in UC since 2007 and the account is listed as a collections account/frozen.
6) No IRTA board members or staff are gaming/milking the UC system for their personal benefit. Such statements are defamatory and malicious.
7) Richard Logie (the software provider) has repeatedly stated for years, that UC is the model exchange system in the industry and operates as a true zero-based system. Nothing has changed in the last four weeks to change that correct assessment.
Conclusion: UC is healthy, professionally managed and setting new trading records virtually every month.
Since you are repeating false and misleading information, let me clarify your claim that “A house account over 200.000 dollars in debt while this is totally not possible according to the bylaws, period!”
The thrust of this tag-team attack by the president of IRTA and an IRTA Board Member is that:
- I am a liar
- I have misrepresented
- I have misinformation
- What I talk about is nonsense
- I have a hidden agenda
- My accusations are egregious (outstandingly bad; shocking)
- I have obtained data from a mysterious/unreliable source
The correct, wise, professional response would have been and should have been . . .
IRTA is taking the claims very seriously and is looking into the matter. We will be issuing no further comment at this stage.
That however didn’t occur. Instead two Board Members attacked my credibility IN PUBLIC, one more than once and the other in a Dutch forum that he actually moderates and that he closed comments to, so that I could not reply to, even if I wanted to!
I would note this also:
- Both Ron Whitney (Executive Director) and Annette Riggs (President) of IRTA have direct lines of communication with me personally – Skype and email.
- Everybody on the planet can make comments on my blogs. I very rarely moderate comments and only in exceptional circumstances do I delete abuse or terminate meaningless interactions. Furthermore, not only do I have a clear policy of Right of Reply, I frequently invite the subjects of my blogging to exercise that right. No one from IRTA has bothered to put even one comment online where my claims have originated!
- This conduct is outrageous and has brought the name of IRTA into disrepute; has revealed the total weakness of a Board who clearly has little influence on her conduct, and has brought IRTA legal exposure.
IRTA appears to be an association that is totally ruled by the whims of one woman blurting out defamatory statements at will. IRTA Members should be shocked and ashamed at the outright arrogance of their leadership, and this is all even before they investigate the nepotism and fraud!
Put Up or Shut Up
Ignore for the moment the people, power-games, individual UC balances or anythign else . . . before any sensible conversation can occur relating to Universal Currency, THE SYSTEM MUST BE BALANCED otherwise fraud is occurring IN THE SYSTEM!
It’s THAT simple, something that even a school-child can work out.
UC figures have not balanced from a point sometime after mid April until right now. Somebody, somewhere, somehow has hidden financial data, stolen financial data or falsified financial data to the tune of around $200k net or more.
This is outright fraud!
I’ve blogged about this, giving actual figures (easily visible by any UC Member) and given to me by multiple sources, all directly from the live UC Data. The figures are certainly not made up and UC Members have repeatedly confirmed with me that I am correct; that there is an unbalanced system in there with a hole of around $200k!
A zero-balance accounting system MUST balance. One DEBIT equals One CREDIT and the balance MUST be ZERO.
Universal Currency DOES NOT balance!
Everything else is secondary to this simple easily verifiable mathematical fact that fraud is occuring right now, right under the members noses and in plain daylight!
My demands are very simple and I now speak directly to the various people involved:
IRTA Gobal Board
IRTA Board, you own and operate an accounting system that is fraudulent on multiple counts. I exposed this on 18 August 2014. On 19 August 2014, I shared nine specific concerns with UC and I detailed actual figures that validated those claims. Again with failure to act constructively, on 20 August 2014 I called on you to cease all trading in the UC system pending resolution of the problem including a recommendation for a full audit and suspension of the UC Administrator. You cannot use the excuse that you ‘didn’t know’, because the information has been in public on a high profile blog for 5 days. I hereby give you notice that should you not fix ALL the problems IMMEDIATELY, then it is my intent to coordinate a class action lawsuit with every UC Member in a positive balance a potential litigant (because obviously they are the ones who have invested into the currency believing that it had some form of reasonable backing and management) and YOU ALL as defendants.
GETS Technology, as platform providers to the fraudulent currency and trading platform, you have privileged access to the financial data and by continuing to provide service, you are aiding and abetting a fraud. I know that you know that there is fraud ‘in there’ and that my blogging is accurate. Every trade (that is every transaction buy/sell) that members conduct is based on good faith that a UC credit is backed by something real when with an accounting system out of balance it clearly is not. Your continued service is a choice for commercial benefit at the price of perpetuating a fraud. I know that you are in a difficult situation and have been wrestling with your consciences and I understand your refusal to share confidential information because of commercial secrecy and all that stuff, but now enough is enough.
I am not bluffing. I exposed David Polo from Time Management’s complicity with the Ormita fraud and essentially forced him to do the right thing and turn it off. Fortunately he did. I’m doing the same thing here. What is happening is wrong . . . some people are gaming the system at others’ expense and whether you like it or not, your GETS system is perpetuating that fraud.
I hereby give you 24 HOURS to suspend all trading on the UC system (on the grounds of ethics over economics) or I will consider that you too are active and willing participants in the fraud and I will include you both as defendents in my proposed class action suit.
Bartercard et al
If I find that Bartercard has a debit balance hidden in the UC system (which is what I suspect) then I will include Bartercard too in my litigation as willing and/or active participants in the fraud. This finding would also increase my efforts to expose Bartercard’s ethics and the misconduct of their various representatives around the globe.
Suspicion will of course fall on all/any other accounts currently hidden from UC Members from view. Once I have established who else has their accounts hidden (and rest assured, it is CERTAIN that I will eventually find out) then I will also focus my investigative efforts in that direction in order to find out WHY they are or were made invisible. If I find that there has been collusion to deceive, I may include those parties too as defendents in the lawsuit.
Annette Riggs & Rob van Hilten
As senior office-holders of IRTA, Annette and Rob, you are in a privileged position of trust within the business world and specifically the Alternative Currency movement. You have not only defamed me, but you have deliberately done it in the forums that thought leaders in the industry frequent knowing that your power could destroy my credibility in my chosen area of business. This is unconscionable conduct. You would be very wise to seek immediate legal advice and enter into urgent negotiations to try and remedy the damage you may have caused.
I will be ensuring that all those in on the scams will pay for their actions.
I took on Daniel Evans and systematically destroyed his Ormita fraud by revealing the lies and deceptions one by one in a large, detailed document released on time in Q1 2014. This time I am working in realtime, blogging, but I am bringing the same clinical, determination to bring the truth to the surface. I don’t lie. I am not interested in any personal gain that I do not work for and I hate liars and manipulators with a passion – especially when they take advantage of others and even more especially when the others are little guys, without the wherewithall to defend themselves.
Over the coming weeks, I will be commencing a second series on Barter, exposing these crooks’ conduct piece by piece proving to the world that it is they who are the real liars; the real ones with hidden agendas and the ones who are in it for themselves – not me.
All bets are now off and all communications from the perpetrators of the fraud (
even especially those communications marked ‘confidential” and “for your eyes only”) are fair game in my blogging moving forward from today.
I’ve blogged openly that I have viewed my blogging on Barter as an 18month project. I’m not out to destroy, for I have many ideas, suggestions and a desire to help people build a sound industry BUT I cannot work in a cess-pit of corruption, deception or self-interest. Thus, just like lancing a boil is necessary for good health, so too is this first phase of ugly revelation and messy conflict necessary in order to help put my activities on a firm foundation hopefully so that I can help the industry tidy itself up.
IRTA, Bartercard, Annette Riggs, Rob van Hilten and all others out there ‘in on it’, take note, I’ve only just begun.
To my readers, bookmark this website. The next few weeks will be really exciting as the bad-guys go down and down and down under the weight of fact after fact after fact.
The Barter Series
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