Robert Seiden as Receiver appointed by the Delaware Chancery Court in the matter of Trustify Inc. helped bring case to justice. Danny Boyce, the former CEO of Trustify was indicted for mail and securities fraud by the US Department of Justice and arrested by the FBI on July 24, 2020. Seiden Law gathered evidence and investigated Boyce and Trustify since the receivership commenced on April 18, 2019.
According to the Department of Justice, “Daniel Boice, 41, of Alexandria, Virginia, was charged with five counts of wire fraud, one count of securities fraud, and two counts of money laundering.
The indictment alleges that, beginning in 2015, Boice fraudulently solicited investments in Trustify, a privately-held technology start-up company that connected customers with private investigators. Boice allegedly raised approximately $18.5 million from over 90 investors by, among other things, falsely overstating Trustify’s financial performance. The indictment also alleges that Boice made false statements to investors about the amount of investor funds that he would personally receive, while diverting a substantial amount of the investor money to his own benefit.“