According to a breaking development, the co-founder of Debt Box, a crypto company sued by the SEC, was kidnapped and more than $400 million was stolen.
The company's co-founder and partner, Jason Anderson, was allegedly kidnapped and forced to give up control of his company, Debt Box, and approximately $400 million. The shocking allegations were revealed in a police report filed by Anderson's brother in Utah and later obtained by Fortune.
Anderson had gone to Dubai for a business meeting. However, it is claimed that he was kidnapped by two business partners while trying to leave the country. Under conditions his brother described as mental “torture”, Anderson was forced to turn over Debt Box and approximately $400 million. He was also made to admit that he owed another $90 million to “people” in Dubai.
According to his brother, Anderson was taken four hours away and imprisoned in a hotel room that was locked from the outside. Business partners Schad Brannon and Roydon Nelson allegedly “mentally tortured” her for two weeks until she agreed to their demands. Anderson was able to send a message to his brother via an internet-enabled television remote control. However, he could not leave the country because he did not have a passport.
Another business partner, who spoke to Fortune on condition of anonymity due to the ongoing legal situation, explained that Jacob Anderson continues to insist that his brother was kidnapped and the money was frozen. This situation has become a matter of dispute between the defendants. Jacob Anderson also contacted the U.S. embassy in Abu Dhabi with similar details and said his brother would be meeting with members of the “Royal Family,” according to an email viewed by Fortune.
*This is not investment advice.