A couple days ago I posted my personal story with Dennis Yu.
The post I wrote was the longest post ever written on ShoeMoney.com. Over 4,000 words. This guy is a very dangerous person and I wanted to tell the entire story in as much detail as possible even if some of it was really embarrassing to me. You CAN’T give con men any room to go anywhere and the only real way to stop them is to get the truth out.
Dennis has issued a response and as you can tell it’s all fluff about how he is only being attacked because he is hurting the industry. Which is strange because my post was not about that… it was about my personal dealings with him and he does not dispute anything I said… or anything that anyone in the comments said. Facts are a bitch like that though.
A flood of emails and calls came in from people telling me about their personal dealings with him. Everyone from former employees to large companies. The allegations go all the way up to some very serious criminal offenses.
Also people commented and emailed me pointing me to Dennis’ current list of Advisors to his company.
I was also asked by some mainstream press and companies about the advisers listed and if I knew their specific roles and equity positions in the company.
The list includes:
I reached out to them and pointed them to my post. They made it VERY clear to me that they did not know Dennis very well and will be addressing this soon.
I will tell you Gillian, Stephen, Todd, and DK are very good honorable people. I have known them for years and in most of their cases 5+ years.
I am sure they had no idea of the Spam/Scam/Porn empire Dennis was running and played no advisory role in any of that. I hope as the criminal proceedings on Dennis come out their names will stay out of it in the press because obviously unlike Dennis they will be big targets because of their status in the industry.
I also do not believe any of them are investors or hold any equity at all in the company but again they can clear that up if they need to.
The only investor in BlitzLocal I can confirm is Plenty Of Fish founder Markus Frind.
About half dozen companies that called me stated that Dennis was trying to extort money from them saying he was going to use their company as the next example on a TechCrunch post if they did not pay them. The evidence of that is pretty amazing also from what I have seen. This is criminal extortion.
There is also many people who said Dennis told them he has 4 other posts ready to go for Techcrunch. Well, just so happens I know Mike Arrington and asked him about it and he replied with this:
I haven’t spoken to him, there are certainly no additional posts that we’ve discussed. So, not true at all if in fact he’s actually saying that.
I am not a lawyer but please listen to me and take this advice. If Dennis is trying to extort money from you, go to the FBI right now. You are not alone. TRUST ME. Also, feel free to contact me privately (jeremy(at)shoemoneydotcom) and I will hook you up with the others Dennis has tried to extort.
This also includes current & previous BlitzLocal employees with knowledge of criminal activity. I will keep your identity anonymous.
Do not let this piece of trash intimidate you.
I am currently sorting through evidence of some of these alleged extortion attempts and other stuff by Dennis & BlitzLocal and will be posting more as I can. Much more to follow.