Post by
ecabrera333 on May 23, 2024 10:44pm
Alzamend and Ault Alliance Milking Investor's Scheme
In his latest SEC filing dated May 20, 2024, Milton C. Ault, also known as Milton Todd Ault III, revealed that Ault Alliance is persisting in its investment in Alzamend Neuro, a clinical-stage biopharmaceutical company.
Mr. Ault hopes investors remain unaware that he owns Alzamend Neuro and that executives and managers from Ault Alliance (Messrs, Horne, Nisser and himself) also serve on the Alzamend Board of Directors and executive team, each receiving $50,000 annually from Alzamend. This conflict of interest is detrimental to Ault Alliance's investors as the company's losses continue to mount.
Mr. Ault has created a legal Ponzi scheme structure that transfers money from investors to support his lifestyle. Interesting?