Acacia Diversified Holdings Inc (fka ACCA)

[billy28227047]

Getting back to the Paycheck Protection Program violations.

Using the basic info from https://projects.propublica.org/coronavirus/bailouts/

I have found the following loans taken out in Jeff's control.

PPP loan taken under B&D Consulting:
May 1, 2020 (First Round)
https://projects.propublica.org/coronavirus/bailouts/loans/b-d-consulting-inc-8560957307

PPP loans taken under Synrgy:
July 30, 2020 (First Round)
https://projects.propublica.org/coronavirus/bailouts/loans/synrgy-corporation-1369028208
AND
March 5, 2021 (Second Round)
https://projects.propublica.org/coronavirus/bailouts/loans/synrgy-corporation-7000158503


PPP loan taken under Acembly (While under Jeff's control):
March 23, 2021 (First Round)
https://projects.propublica.org/coronavirus/bailouts/loans/acembly-inc-6298738606


I did not find any PPP loans under ORCIM Financial Holdings or Acacia Diversified Holdings. May have overlooked though.


While I was only able to find 1 PPP loan for B&D Consulting, the government article below states Jeff/B&D tried to get a second one. Which is part of what triggered their investigation.

https://www.justice.gov/usao-md/pr/hagerstown-man-facing-federal-charges-allegedly-falsifying-documents-order-obtain-covid


The PPP money that was collected by Jeff's companies seem to be blatantly non-logical even with the little info we had. Some of the info we have does point to Jeff misusing the PPP money for things it was not meant for, potentials including the following: used to repay what was owed to employees at B&D and Synrgy after he let them go prior to the PPP program, continued collection of PPP loans using fake employees (except for Acembly?), use of PPP funds in buying/starting up ACCA, and personal items like stocks and maybe a house in silver springs, MD.


While I cannot verify everything talked about above, I can verify that Jeff's companies have gained PPP loans, number of employees Jeff is claiming under each company, and the timing against facts is very questionable.


For anyone who is not aware. B&D Consulting and Synrgy closed all locations and dropped every employee back in December of 2019. There has been no sign of rehire of employees, restart of technology that was being developed, or any positive expansion of any company (new work, new contracts, new employees) since. So, while looking at those PPP loan details in the links above, take a serious look at the "dates" and employees stated. Things just did not add up here.


I just find it a bit mind boggling that Jeff is claiming that many employees under his companies (35 as of March 5, 2021 for Synrgy alone), but there is no sign of actual employees in over 2 years. No LinkedIn or other social media profiles anywhere.


With all this said, it is probably best to say even if Jeff gets out from the federal bars, he will not be able to work with government contracts ever again because of this federal case on his record. So he lost that for his future.

I wonder what this federal case will dig up and allow us to learn with Jeff and his companies. But now I really wonder about the possibility of other people involved around Jeff and his companies (ACCA, B&D, Synrgy, Acembly). Will we see them pop up in the federal case? Or was it something truly only on Jeff? Was he that bad off financially that made him risk everything?

I would not be surprised if the following people pop up in the case to at least be witnesses by the federal prosecuting team.

The accountant for B&D Consulting and Synrgy? Can confirm Terri Dotson was the accountant for B&D through her LinkedIn account and following government document.
https://www.gsa.gov/cdnstatic/S2_Industry_Partners_8-23-21__%282%29.xlsx

Was Terri Lynn Dotson in on the PPP fraud? As found out and posted before, she already has a record of fraud with business.
https://www.fredericknewspost.com/archive/ex-bookkeeper-sentenced-to-18-months-in-theft-case/article_330b7e8e-0f23-593a-9ab5-a576dc4cf28d.html

Or what about the "professional" help that Jeff had in the background, Joseph Meuse? Court records with the Acembly cased proved he was working with Jeff on that deal. We are assuming it was in connection with ACCA ultimately. He did look like fairy-tail help for Jeff and be able to help Jeff with any financial issues and business connections.
https://jancavelle.co.uk/turnaround-expert-joe-meuse-helps-businesses-live/

But we did also find Joe has a history with fraud with shell companies in the stock market with his previous owned company "Belmont Partners, LLC".
https://www.sec.gov/litigation/admin/2015/34-74602.pdf



Honestly though, I do not know what to think here. It did seem like everything was going perfectly, then things went off the rails and silent. No further SEC filings. No further word from ACCA. It was such a wild ride of ups and downs. But it really has gone through some weird twist over the past year. While we did find clues along the way, the picture did not come together until too late. If you are able to use this as a learning lesson, it should help with future investments and knowing what warning signs to look out for. Hopefully the new SEC rules going into play will help remove this kind of risk from the market. But only time will tell.