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The BitBoy|Feb 09, 2025 13:30
Decrypt article from September 2023.
ALWAYS REMEMBER WHAT TJ SHEDD DID:
According to an Acworth Police Department report obtained by Decrypt, Shedd told the police on August 21 he was “concerned for his safety” as he planned to remove Armstrong from the company because of “misuse and possibly criminal use of company funds.” (THE FUCKING IRONY)
Shedd also told police that Armstrong “created a hostile work environment” and reiterated the assault allegation, explaining that it occurred after it was revealed that Armstrong committed adultery, according to the report.
The Acworth Police told Shedd that it would add the Hit Network offices to its area of “zone patrol” for a few weeks. The Shedds’ injunction request for a restraining order has not yet been heard by a judge, a Hit Network employee familiar with the matter confirmed to Decrypt.
The employee also said that Hit Network purchased the Lamborghini as a business asset and is now looking to sell it to “recoup funds” that Armstrong allegedly “stole” from the company.
The Shedds’ legal filing alleges that Armstrong committed “theft and/or mishandling of company assets,” citing an example of a Bored Ape Yacht Club NFT that Armstrong reportedly used to obtain “personal loans of cryptocurrency” worth 176,698.10. When a loan was not repaid, the company lost the NFT—which was valued around 107,000 at the time, according to the filing.
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