REJECTEDWALL #188
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/188
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The Expert the CFTC Hired Said It Was
Not a Ponzi
The Expert the CFTC Hired Said It Was Not a Ponzi samikkurty.com | Case No. : -cv-
(N.D. Ill.) | th Cir. -
In a Ponzi scheme, early investors are paid with money from later investors. There is no
underlying investment. The fund is a fiction sustained by new capital until it collapses.
The CFTC called Rose City Income Fund a Ponzi scheme. The CFTC then hired
StoneTurn Group, one of the most respected forensic accounting firms in the country,
to prove it.
StoneTurn looked at the blockchain.
What they found was the opposite of a Ponzi. The fund held documented on-chain
transactions. Every purchase of Ethereum-based tokens was recorded immutably on
the public ledger. Every sale was recorded. Every redemption was recorded.
. million sold. receive transactions returning ETH to
investors. The math was transparent, verifiable, and public — available to anyone with
an internet connection and a willingness to look.
StoneTurn’s conclusion, filed as Dkt. - : a Ponzi scheme was mathematically
impossible.
The CFTC received this report. The CFTC read this report. The CFTC continued the
prosecution anyway.
This is not a case where the government made an honest mistake and corrected it
when new evidence emerged. This is a case where the government’s own hired expert
produced evidence that directly contradicted the government’s theory — and the
government chose to ignore it.
The lead investigator, Heather Dasso, admitted under oath that she had not looked at
the blockchain before filing the case (Dkt. - ). She did not look at it during the raid
on May , , when Sam Ikkurty showed her the live Etherscan ledger. She did not
look at it before obtaining the $ million summary judgment.
134.9millionpurchased.
Not a Ponzi
The Expert the CFTC Hired Said It Was Not a Ponzi samikkurty.com | Case No. : -cv-
(N.D. Ill.) | th Cir. -
In a Ponzi scheme, early investors are paid with money from later investors. There is no
underlying investment. The fund is a fiction sustained by new capital until it collapses.
The CFTC called Rose City Income Fund a Ponzi scheme. The CFTC then hired
StoneTurn Group, one of the most respected forensic accounting firms in the country,
to prove it.
StoneTurn looked at the blockchain.
What they found was the opposite of a Ponzi. The fund held documented on-chain
transactions. Every purchase of Ethereum-based tokens was recorded immutably on
the public ledger. Every sale was recorded. Every redemption was recorded.
. million sold. receive transactions returning ETH to
investors. The math was transparent, verifiable, and public — available to anyone with
an internet connection and a willingness to look.
StoneTurn’s conclusion, filed as Dkt. - : a Ponzi scheme was mathematically
impossible.
The CFTC received this report. The CFTC read this report. The CFTC continued the
prosecution anyway.
This is not a case where the government made an honest mistake and corrected it
when new evidence emerged. This is a case where the government’s own hired expert
produced evidence that directly contradicted the government’s theory — and the
government chose to ignore it.
The lead investigator, Heather Dasso, admitted under oath that she had not looked at
the blockchain before filing the case (Dkt. - ). She did not look at it during the raid
on May , , when Sam Ikkurty showed her the live Etherscan ledger. She did not
look at it before obtaining the $ million summary judgment.
134.9millionpurchased.
The blockchain was always there. It is immutable. It cannot be altered, hidden, or
destroyed. Every transaction that ever occurred in this fund is publicly visible at this
moment on Etherscan.
The CFTC chose not to look. Then they hired an expert who did look. The expert said it
was not a Ponzi. The CFTC proceeded anyway.
The full StoneTurn report summary, the blockchain transaction ledger, and the Dasso
deposition are all available at samikkurty.com. Read them. Verify them yourself. The
blockchain does not lie.
destroyed. Every transaction that ever occurred in this fund is publicly visible at this
moment on Etherscan.
The CFTC chose not to look. Then they hired an expert who did look. The expert said it
was not a Ponzi. The CFTC proceeded anyway.
The full StoneTurn report summary, the blockchain transaction ledger, and the Dasso
deposition are all available at samikkurty.com. Read them. Verify them yourself. The
blockchain does not lie.
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VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:14:21.000Z
SHA-256 hash84156a5c9949302087f1169f81df9f07ddaed668f845c8d678fad767941e508e
Permanent record. This document is permanently archived on Arweave — a decentralised storage network — where it will persist independently of this website, any server, or any court order. The SHA-256 hash above cryptographically proves the document has not been altered since archiving.