In this last post in the Barter Series I write to the IRTA Board Members summarising my concerns and giving the Board notice that they are exposed, personally if there is fraud identified within the Universal Currency system.
Dear IRTA Member,
I am here drawing to your attention the key points that I have blogged about in regards to IRTA, an Association that was established for the benefit of the industry, supposedly out to look after your best interests.
Unfortunately I have observed some very serious problems with the current leadership and their conduct relating to both IRTA as an Association and the health of Universal Currency. This letter informs you of my concerns. My interest is in restoring credibility to IRTA through constructive criticism, exposing the corruption and getting the skeletons out of the closet.
I write fully cognisant of the fact that the Cancun conference is looming and that for those wishing to act, they then have in the next week, the opportunity to discuss the matters before the conference.
I have previously blogged about four areas of concern (www.dennis.co.nz/2014/09/fixing-irta/):
- A usurped leadership
- The incestuous IRTA/Bartercard relationship
- Corruption, mismanagement and nepotism at Universal Currency
- Lack of Vision
As well as detailing other matters of concern, I give constructive advice on moving the organisation and currency forward in that online post.
I discuss the current problems with an over-influential Executive and recommend that the Executive Director be suspended, over fruadulent conduct in the management of Universal Currency, despite claims to the contrary by those protecting the status quo, I believe that it’s that serious.
In early August I published a series of blogs that exposed a secret deal between Bartercard and IRTA. I found out about this from the ‘Bartercard’ Propectus for their IPO. A deal was likely struck in January 2014 in which Ron Witney endorsed Bartercard’s technological solution as the best in the industry and then offered Bartercard’s Trevor Dietz a deal so sweet that Trevor considered it the opportunity to launch a new company and they did this with their IPO on the back of that Heads of Agreement. The circumstances surrounding the signing of this deal stink. I do not believe the Board was fully informed and the ramifications of this secret deal are huge – for IRTA, for IRTA Members and particularly IRTA Members who are interested or involved in barter software or networked clearance systems. I’ve summarised this as a sellout of IRTA’s heat and soul to one commercial operation.
IRTA’s Executive (specifically Ron Whitney and Annette Riggs) is currently covering up a fraud that has occurred within the Universal Currency. They are actively attempting to prevent a report written by GETS Technology from getting into anyone’s hands, especially UC Members but also even to the IRTA’s own Board. Carl Steinbrenner too has colluded with the Executive Director and the President to prevent it seeing the light of day. I’m told that the GETS Summary Report contains dozens of questions relating to questionable and fraudulent conduct within the Universal Currency by the Administrator. As of writing, you too can see nepotism, misconduct and questionable activity by simply logging into the system, identifying the fact that there are hidden accounts. I have copies of the actual dataset I used for my analysis should you require them. My advice on how to fix the problems at UC is online: (http://www.dennis.co.nz/2014/09/fixing-universal-currency/)
There are members who have access to the information I have seen and who have read my blogs. They are motivated to deal with the issues. Now is probably be a good time to take an active interest in your Association, to ask questions and to discuss the issues with others.
To IRTA Board Members, I encourage you to consider the IRTA ByLaws especially in regards to public liability insurance cover. If fraud is found within IRTA’s management of UC (or in fact anywhere within the IRTA operations), then you personally are liable should any litigation be successful. It would only take one member to employ one lawyer and you could be facing personal losses.
I am available to give clarification or to answer any questions relating to anything that I have blogged about at any time.
The Barter Series can be viewed online.
Dennis A. Smith
Author, Blogger & IT Entrepreneur