REJECTEDWALL #189
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/189
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SAM IKKURTY — CONSTITUTIONAL RIGHTS ADVOCATE samikkurty.com
R E G U L A T O R Y I S S U E S
The Silence of Every Watchdog: What
Happens When the System Protects
Itself
Published at samikkurty.com/blog/silence-of-every-watchdog | Case No. 1:22-cv-02465 (N.D.
Ill.) | 7th Cir. No. 24-2684
There is a theory of government accountability that most Americans learn
in school. It goes like this: if a federal agency abuses its power, there are
oversight mechanisms. There is the Inspector General. There is the
Government Accountability Office. There is the Department of Justice.
There is Congress. There are watchdogs, and the watchdogs watch.
I have now tested every one of these mechanisms. Here is what I found.
On May 10, 2022, the CFTC filed a complaint against me alleging fraud
and a Ponzi scheme. The complaint was filed without examining the
public blockchain that recorded every transaction in my fund. The lead
investigator later admitted under oath that she had never looked at it.
The CFTC's own forensic expert concluded that a Ponzi scheme was
mathematically impossible. Every investor made money. One hundred
percent of investors who filed formal objections opposed the CFTC's
actions.
I filed a formal complaint with the CFTC's Office of Inspector General
documenting attorney misconduct by CFTC attorneys Candice Haan and
R E G U L A T O R Y I S S U E S
The Silence of Every Watchdog: What
Happens When the System Protects
Itself
Published at samikkurty.com/blog/silence-of-every-watchdog | Case No. 1:22-cv-02465 (N.D.
Ill.) | 7th Cir. No. 24-2684
There is a theory of government accountability that most Americans learn
in school. It goes like this: if a federal agency abuses its power, there are
oversight mechanisms. There is the Inspector General. There is the
Government Accountability Office. There is the Department of Justice.
There is Congress. There are watchdogs, and the watchdogs watch.
I have now tested every one of these mechanisms. Here is what I found.
On May 10, 2022, the CFTC filed a complaint against me alleging fraud
and a Ponzi scheme. The complaint was filed without examining the
public blockchain that recorded every transaction in my fund. The lead
investigator later admitted under oath that she had never looked at it.
The CFTC's own forensic expert concluded that a Ponzi scheme was
mathematically impossible. Every investor made money. One hundred
percent of investors who filed formal objections opposed the CFTC's
actions.
I filed a formal complaint with the CFTC's Office of Inspector General
documenting attorney misconduct by CFTC attorneys Candice Haan and
David Terrell. I documented the declaration filed without blockchain
review. I documented the "corrected" declaration that still omitted the
blockchain evidence. I documented the continued prosecution after
exculpatory evidence was shown during the raid. The OIG has not
responded. Not one word.
I filed a formal referral with the Department of Justice documenting
potential violations of 18 U.S.C. § 242 (deprivation of rights under color
of law) and 18 U.S.C. § 1001 (false statements). I attached the deposition
transcript. I attached the blockchain evidence. I attached the StoneTurn
report. The DOJ has not responded. Not one word.
I filed a formal constitutional crisis complaint with the Government
Accountability Office. I documented the eleven-minute ex parte hearing. I
documented the missing exhibits. I documented the judge's pre-
announced ruling. I documented the investigator's admission. The GAO
has not responded. Not one word.
I filed a formal bar complaint with the Illinois ARDC against attorneys
Haan and Terrell. That complaint is pending. It is the one institutional
channel that has not yet closed.
I wrote directly to David Sacks, the White House AI and Crypto Czar, who
has spoken publicly about ending regulatory overreach in the crypto
industry. No response.
I wrote to Attorney General Pam Bondi, whose department issued a
directive to end "regulation by prosecution" in the crypto space. No
response.
I wrote to CFTC Chairman Michael Selig, who publicly promised to end
"regulation by enforcement." The case continues under his leadership.
review. I documented the "corrected" declaration that still omitted the
blockchain evidence. I documented the continued prosecution after
exculpatory evidence was shown during the raid. The OIG has not
responded. Not one word.
I filed a formal referral with the Department of Justice documenting
potential violations of 18 U.S.C. § 242 (deprivation of rights under color
of law) and 18 U.S.C. § 1001 (false statements). I attached the deposition
transcript. I attached the blockchain evidence. I attached the StoneTurn
report. The DOJ has not responded. Not one word.
I filed a formal constitutional crisis complaint with the Government
Accountability Office. I documented the eleven-minute ex parte hearing. I
documented the missing exhibits. I documented the judge's pre-
announced ruling. I documented the investigator's admission. The GAO
has not responded. Not one word.
I filed a formal bar complaint with the Illinois ARDC against attorneys
Haan and Terrell. That complaint is pending. It is the one institutional
channel that has not yet closed.
I wrote directly to David Sacks, the White House AI and Crypto Czar, who
has spoken publicly about ending regulatory overreach in the crypto
industry. No response.
I wrote to Attorney General Pam Bondi, whose department issued a
directive to end "regulation by prosecution" in the crypto space. No
response.
I wrote to CFTC Chairman Michael Selig, who publicly promised to end
"regulation by enforcement." The case continues under his leadership.
I want to be precise about what this silence means. It does not mean my
complaints lacked merit — the blockchain evidence, the StoneTurn
report, and the deposition transcript are all public and verifiable. It does
not mean the oversight bodies reviewed the evidence and found it
insufficient — they did not respond at all. It means something more
specific and more troubling: when the complaint is against the
government itself, the mechanisms designed to hold the government
accountable do not function.
This is not a new observation. It is the oldest problem in administrative
law. But it is worth stating plainly, with specifics, because the specifics
matter. The CFTC obtained a $209 million judgment in an eleven-minute
secret phone call. The lead investigator admitted she never looked at the
central evidence. The government's own expert said no fraud was
possible. Every investor made money. And every oversight body that was
supposed to investigate this has responded with silence.
The silence is not neutral. Silence, when a citizen has documented
government misconduct and filed formal complaints through every
available channel, is a choice. It is a choice to protect the institution over
the individual. It is a choice that has a cost — not just to me, but to every
person who believes that the oversight mechanisms of the United States
government are something more than a formality.
I am still here. The blockchain record is still there. The deposition
transcript is still there. The StoneTurn report is still there. The silence of
every watchdog does not change any of those facts.
All complaints, all filings, and all supporting evidence are available at
samikkurty.com. The record is public. The silence is public. Draw your
own conclusions.
complaints lacked merit — the blockchain evidence, the StoneTurn
report, and the deposition transcript are all public and verifiable. It does
not mean the oversight bodies reviewed the evidence and found it
insufficient — they did not respond at all. It means something more
specific and more troubling: when the complaint is against the
government itself, the mechanisms designed to hold the government
accountable do not function.
This is not a new observation. It is the oldest problem in administrative
law. But it is worth stating plainly, with specifics, because the specifics
matter. The CFTC obtained a $209 million judgment in an eleven-minute
secret phone call. The lead investigator admitted she never looked at the
central evidence. The government's own expert said no fraud was
possible. Every investor made money. And every oversight body that was
supposed to investigate this has responded with silence.
The silence is not neutral. Silence, when a citizen has documented
government misconduct and filed formal complaints through every
available channel, is a choice. It is a choice to protect the institution over
the individual. It is a choice that has a cost — not just to me, but to every
person who believes that the oversight mechanisms of the United States
government are something more than a formality.
I am still here. The blockchain record is still there. The deposition
transcript is still there. The StoneTurn report is still there. The silence of
every watchdog does not change any of those facts.
All complaints, all filings, and all supporting evidence are available at
samikkurty.com. The record is public. The silence is public. Draw your
own conclusions.
Sam Ikkurty · samikkurty.com · All documents and evidence available at samikkurty.com/
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VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:14:21.000Z
SHA-256 hashdf05bf504f23b9017527ea37cf89b73e6ec037e36bbc8263e373654768669637
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