John E Deaton
John E Deaton|Sep 02, 2025 23:15
I’m not sure how I could be being used as a tool by the courts? The courts didn’t ask me to sue Bill Sarris. When I learned the facts, I felt compelled to sue Sarris because he DESERVED to be sued. If he hasn’t already been indicted, I predict he will be. At 75 years old (or older), he’ll be lucky if he doesn’t die in prison. Linqto, under Sarris’s leadership, fabricated fake FOMO alleging, multiple times, that Linqto had run out of @Ripple shares, when, in fact, Linqto had hundreds of thousands of additional shares but wanted to create the perception that demand was so high Linqto couldn’t keep up with demand. Sarris and Linqto leveraged the XRP community, pretending that Linqto had an arrangement with @UpholdInc, when it didn’t. In fact, without the XRP community, Linqto would NOT have been successful. There are 13K Linqto customers: of those 13K, 11,307 of them own XRP and wanted shares of Ripple. When Sarris accepted XRP as payment for shares in Ripple or did an XRP airdrop - Sarris did it from his own personal Uphold account. Each time Linqto lied about running out of Ripple shares, it also increased the price of each share. Linqto was engaging in excessive markups (as high as 60%) in violation of FINRA and SEC regulations. Linqto engaged in other deceptive marketing practices directed at non-accredited investors - in violation of anti-fraud regulations under the Securities Act. Linqto, under Sarris, sold 18M worth of customer-owned Ripple shares without the consent of those customers. For example, anyone who believes they have an interest in 1,000 Ripple shares actually have an interest in 997 Ripple shares. The conduct and behavior of Linqto Management (Sarris) caused Brad Garlinghouse to prevent any additional secondary sales of Ripple stock to Linqto. In October of 2023, lawyers hired by Sarris & Linqto informed Sarris that he needed to stop committing fraud, excursions markups and deceptive marketing tactics, to only name a few things they told him to stop. Sarris refused. One year later, his own General Counsel, Deputy General Counsel and Chief Compliance Officer warned him again. I challenge anyone to read the Complaint I filed 👇 citing only FACTS and then suggest that the case shouldn’t have been filed against Sarris. https://www.crypto-law.us/wp-content/uploads/2025/07/Complaint.pdf(John E Deaton)
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