Cases Surveillance Risk Index Takeaway

Search...⌘K @NOTONKETAMINE⚠ SATIRE — RISK SCORES ARE FICTIONAL

DEEP WATCH — PHIA: FIRST IT COPIED THE PAGE, THEN IT CLAIMED THE SALE // TWO REPORTED EXTENSION INCIDENTS // IRL: $170M FEDERAL INDICTMENT // BITCLOUT: CASES DISMISSED // FRANK: 85 MONTHS // SBF: 25 YEARS // TERRAFORM: 15 YEARS // KALDER: SENTENCING WATCH // DELVE: 493 ALLEGED COPY-PASTE AUDITS // ELLISON: RELEASED // NIKOLA: PARDONED // DEEP WATCH — PHIA: FIRST IT COPIED THE PAGE, THEN IT CLAIMED THE SALE // TWO REPORTED EXTENSION INCIDENTS // IRL: $170M FEDERAL INDICTMENT // BITCLOUT: CASES DISMISSED // FRANK: 85 MONTHS // SBF: 25 YEARS // TERRAFORM: 15 YEARS // KALDER: SENTENCING WATCH // DELVE: 493 ALLEGED COPY-PASTE AUDITS // ELLISON: RELEASED // NIKOLA: PARDONED //

Classification: Factual Record / Company File

Evidence File / 006-NA

Updated: July 19, 2026Status: DISMISSED

ID: 006-NA — FORBES 30U30 2019 (FINTECH)DISMISSED

Nader Al-Naji

FounderNader Al-Naji

BitClout / DeSo

Princeton / Criminal complaint dismissed; SEC civil case dismissed with prejudice

Forbes 2019FINTECHReviewed July 19, 2026

Federal prosecutors and the SEC charged the BitClout / DeSo founder in 2024 over token-sale and investor-fund allegations. Those cases are no longer active : DOJ withdrew the criminal complaint without prejudice in February 2025; the SEC dismissed its civil case with prejudice in March 2026. Entry retained as a public correction, not a finding of liability.

Case StatusDISMISSED

StatusDISMISSED

Amount / exposureNo active case

◆ SEC: Civil Case Dismissal Filing ◆ The Block: SEC Case Dismissed With Prejudice ◆ SEC: Original 2024 Allegations