UPDATE: Feb 3, 2026:

On February 2, 2026, Shane Perkins entered a guilty plea in federal court to wire fraud in connection with false brokerage statements and reporting. As part of the plea, Mr. Perkins admitted that he fabricated account balances and performance data and that trading losses had occurred. The court accepted the plea, and sentencing is scheduled for July 8, 2026. The plea agreement includes restitution in the amount of $77,683,091.96.

I cooperated fully with law enforcement throughout the investigation. I invested substantial personal capital and time in the fund. I did not receive any compensation or financial benefit from the fund. I did not have access to, or control over, the brokerage accounts or the generation of account statements. Mr. Perkins was responsible for trading operations and brokerage reporting.

Before the fund existed and before any outside investors were involved, I had already invested $2,830,000 of my own money. According to the statement I had approximately $4.4+ million prior to the formal launch of the fund.I continued to add personal capital over the months that followed, including a final investment of more than $800,000 in August 2025. —I remained invested until I contacted the FBI and they took over the accounts. During that meeting, inconsistencies in the brokerage statements were identified, and it was at that time I learned that Mr. Perkins had been forging statements.

This situation has had a significant impact on many investors, and I recognize the stress and hardship it has caused for them and their families. It has also resulted in serious personal and professional consequences for me. I appreciate the patience, kindness, and understanding shown as the legal process continues.

The criminal case and civil case are ongoing. I remain fully cooperative with law enforcement.

– Jace