WALLWALL #25
Sam Ikkurty
Posted April 12, 2026
PERMANENT LINKcftcsucks.com/25
PDF Document — 3 pages↓ Download PDF
REFERRAL OF PROFESSIONAL MISCONDUCT TO THE
CFTC OFFICE OF INSPECTOR GENERAL
Date: April 10, 2026
From: Sam Ikkurty a/k/a Sreenivas I. Rao 7028 West Waters Avenue, Apt. 145,
Tampa, FL 33634 [email protected] | 813-389-3380
To: Office of Inspector General Commodity Futures Trading Commission 1155
21st Street, NW, Washington, D.C. 20581 Email: [email protected]
Re: Referral of Misconduct by CFTC Enforcement Attorneys Candice
Haan and David A. Terrell
Underlying Case: Commodity Futures Trading Commission v. Sam Ikkurty, et
al., Case No. 1:22-cv-02465 (U.S. District Court, N.D. Illinois); Seventh Circuit
Appeal No. 24-2684 (pending)
I respectfully refer the attached formal complaint — filed simultaneously with
the Illinois Attorney Registration & Disciplinary Commission (ARDC) — for
investigation of potential violations of professional and ethical obligations by
Candice Haan (IL Bar No. 6315007) and David A. Terrell (IL Bar No. 6196293),
attorneys in the Division of Enforcement of the Commodity Futures Trading
Commission.
The core facts are as follows:
CFTC OFFICE OF INSPECTOR GENERAL
Date: April 10, 2026
From: Sam Ikkurty a/k/a Sreenivas I. Rao 7028 West Waters Avenue, Apt. 145,
Tampa, FL 33634 [email protected] | 813-389-3380
To: Office of Inspector General Commodity Futures Trading Commission 1155
21st Street, NW, Washington, D.C. 20581 Email: [email protected]
Re: Referral of Misconduct by CFTC Enforcement Attorneys Candice
Haan and David A. Terrell
Underlying Case: Commodity Futures Trading Commission v. Sam Ikkurty, et
al., Case No. 1:22-cv-02465 (U.S. District Court, N.D. Illinois); Seventh Circuit
Appeal No. 24-2684 (pending)
I respectfully refer the attached formal complaint — filed simultaneously with
the Illinois Attorney Registration & Disciplinary Commission (ARDC) — for
investigation of potential violations of professional and ethical obligations by
Candice Haan (IL Bar No. 6315007) and David A. Terrell (IL Bar No. 6196293),
attorneys in the Division of Enforcement of the Commodity Futures Trading
Commission.
The core facts are as follows:
On May 10, 2022, Haan and Terrell filed a civil enforcement complaint in the
Northern District of Illinois stating as a categorical fact: “The Defendants did
not trade digital assets or commodity interests with participants’ funds.” (Dkt.
#1, p. 2, ¶ 2.) This allegation was directly contradicted by: (1) 885 publicly
verifiable on-chain Ethereum transactions totaling USD 134.9 million in inflows
and USD 130.4 million in outflows; (2) the fund’s own Limited Partnership
Agreement, which Haan and Terrell’s investigator had reviewed and quoted in
her declaration; and (3) the fund’s bank account documentation, which stated the
account existed to purchase crypto assets via Coinbase Pro.
On May 16, 2022, CFTC agents — including Haan and investigator Heather
Dasso — raided the Complainant’s home and seized all computers, hard drives,
and financial records, including complete Ethereum blockchain wallet data.
During the six-hour questioning session that followed, Dasso and Haan were
shown the fund’s blockchain transaction history on Etherscan in real time. Per a
sworn memorandum filed in the underlying case on December 8, 2023 (Dkt.
#312) — unchallenged by the CFTC — Dasso stated it was “the first time they
are looking at Etherscan.” Dasso subsequently admitted under oath in her
deposition: “As far as this case, I did not look at the blockchain, correct.” (Dkt.
#250-2.)
On May 19, 2022 — three days after the raid — Haan and Terrell filed a
“corrected” sworn declaration (Dkt. #21) that omitted the blockchain evidence,
omitted the fund’s SEC registration, omitted the fund’s independent
administrator and auditor, and contained an internal contradiction apparent on its
face: the declarant quoted the fund’s governing documents stating the fund
trades digital assets, then concluded the fund did not trade digital assets.
Northern District of Illinois stating as a categorical fact: “The Defendants did
not trade digital assets or commodity interests with participants’ funds.” (Dkt.
#1, p. 2, ¶ 2.) This allegation was directly contradicted by: (1) 885 publicly
verifiable on-chain Ethereum transactions totaling USD 134.9 million in inflows
and USD 130.4 million in outflows; (2) the fund’s own Limited Partnership
Agreement, which Haan and Terrell’s investigator had reviewed and quoted in
her declaration; and (3) the fund’s bank account documentation, which stated the
account existed to purchase crypto assets via Coinbase Pro.
On May 16, 2022, CFTC agents — including Haan and investigator Heather
Dasso — raided the Complainant’s home and seized all computers, hard drives,
and financial records, including complete Ethereum blockchain wallet data.
During the six-hour questioning session that followed, Dasso and Haan were
shown the fund’s blockchain transaction history on Etherscan in real time. Per a
sworn memorandum filed in the underlying case on December 8, 2023 (Dkt.
#312) — unchallenged by the CFTC — Dasso stated it was “the first time they
are looking at Etherscan.” Dasso subsequently admitted under oath in her
deposition: “As far as this case, I did not look at the blockchain, correct.” (Dkt.
#250-2.)
On May 19, 2022 — three days after the raid — Haan and Terrell filed a
“corrected” sworn declaration (Dkt. #21) that omitted the blockchain evidence,
omitted the fund’s SEC registration, omitted the fund’s independent
administrator and auditor, and contained an internal contradiction apparent on its
face: the declarant quoted the fund’s governing documents stating the fund
trades digital assets, then concluded the fund did not trade digital assets.
The CFTC continued to prosecute the case through summary judgment and
obtained a USD 209 million judgment without ever presenting the blockchain
evidence to the court. Every investor in the fund was profitable. Not one investor
filed a complaint.
The attached ARDC complaint sets forth the full factual record with
specific docket citations, verbatim quotes from sworn filings, and direct
links to all primary source documents.
I respectfully request that the CFTC Office of Inspector General review the
attached complaint and determine whether the conduct of Haan and Terrell
warrants investigation under the CFTC’s internal professional standards and
applicable federal ethics requirements.
Respectfully submitted,
Sam Ikkurty a/k/a Sreenivas I. Rao
Date: _______________
7028 West Waters Avenue, Apt. 145 Tampa, FL 33634 [email protected]
813-389-3380
Attachment: Formal ARDC Bar Complaint with Exhibits A through H
obtained a USD 209 million judgment without ever presenting the blockchain
evidence to the court. Every investor in the fund was profitable. Not one investor
filed a complaint.
The attached ARDC complaint sets forth the full factual record with
specific docket citations, verbatim quotes from sworn filings, and direct
links to all primary source documents.
I respectfully request that the CFTC Office of Inspector General review the
attached complaint and determine whether the conduct of Haan and Terrell
warrants investigation under the CFTC’s internal professional standards and
applicable federal ethics requirements.
Respectfully submitted,
Sam Ikkurty a/k/a Sreenivas I. Rao
Date: _______________
7028 West Waters Avenue, Apt. 145 Tampa, FL 33634 [email protected]
813-389-3380
Attachment: Formal ARDC Bar Complaint with Exhibits A through H
Share this record
VERIFICATION RECORD
Submission trackF
StatusWALL
Posted2026-04-12T11:25:52.000Z
SHA-256 hash3275aa6c3924416927b56f97a0ba54d14f4b1b5d485e25afb7777806f300ea0c
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.