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RE: Recent news about LDJ Capital and David Drake. What is actually happening?
He scammed us. A guy on our team introduced me to david drake. At the time I really trusted the team member and had no reason to doubt the introduction. He sent us a contract, saying he would introduce us to investors and yadda yadda. Long story short he charged us a ton of eth, then after he got the first payment, we never saw him again. LDJ is a complete scam. We were one of his first. meh.
LDJ is a complete scam. I know because I used to advise David Drake and stopped when I realized he is a fraud. Not one team member/managing director listed on ldjcapital.com is contractually obligated to LDJ Captial. David Drake does not have an office but rather only an office address. David Drake claims to manage a $250million crypto fund however he is just a service provider. He claims to have a family office network in excess of $1.5trillion yet David Drake has not done any formal transactions with these family offices. David Drake is all lies. He does know people however his past and present are littered with lies and misrepresentations.
http://web.archive.org/web/20180507170001/https://medium.com/@douglaslyons/ldj-capital-all-that-glitters-is-not-gold-ccbfc21ffd71
Douglas Lyons nailed it in this article about David Drake and LDJ Capital. LDJ has no offices. Funny how all office addresses were removed from the LDJ website except for 800 3rd Ave, a building his friend owns. David employs a virtual team in the Philippines that he has never met. There is no fund, office , directors, just a bunch of people he knows and represents as his own employees. Davids game is to charge retainers for services he has no track record of success. #secinvestigatehim