Public Cease And Desist Notice To AltFunds Global And Taimour Zaman

Statement Being Challenged

A publication on the AltFunds.devwalk.com property states in substance that the U.S. Securities and Exchange Commission filed a lawsuit against Financely alleging that Financely was the front for a USD 21.7 million Ponzi scheme. The same publication further characterises Financely as an alleged criminal enterprise.

Those statements are false, defamatory, and commercially damaging. The publication identifies no SEC complaint, SEC litigation release, court docket, case caption, filing date, defendant list, order, judgment, consent decree, administrative proceeding, or public enforcement record naming Financely in connection with any USD 21.7 million Ponzi scheme.

Furthermore, Financely did not even exist at the time of the 2011 SEC actions being falsely attributed to it. The allegation is therefore not a reasonable interpretation of a public record. It is pure AI slop: a fabricated, automated, or recklessly assembled conflation of an unrelated SEC matter with a company that was not named in the proceeding and did not exist at the relevant time.

The SEC release associated with the USD 21.7 million figure concerns Bixby Energy Systems, Inc., Robert A. Walker, Dennis DeSender, Gary A. Collyard, Collyard Group LLC, and other named parties. The SEC litigation release is available at sec.gov/enforcement-litigation/litigation-releases/lr-22207. Financely is not named in that release.

Demand For Prompt Removal

Financely demands that AltFunds Global, AltFunds.devwalk.com, AltFunds Global Corp., and Mr. Taimour Zaman promptly remove the false and defamatory allegations, remove the “alleged criminal enterprise” characterisation, publish a correction with equal prominence and equivalent indexability, and confirm in writing that the allegations will not be republished, syndicated, excerpted, advertised, summarized, scraped, cached, or repeated in any form.

Immediate Parallel Action

In parallel, Financely is taking immediate action to have the defamatory content removed from search results, hosting environments, CDN caches, registrar-controlled surfaces, platform surfaces, syndication channels, scraped copies, archived copies, cached snippets, AI-indexed summaries, and any other location where the false allegations have been published, indexed, displayed, copied, distributed, or algorithmically surfaced.

If the content is not removed promptly, Financely will deal with the matter through the available legal, platform, hosting, search-engine, and commercial-remediation channels without further notice.

Required Action

Financely requires the following action without delay:

1. Remove the false statement that the SEC filed a lawsuit against Financely concerning a USD 21.7 million Ponzi scheme.
2. Remove the statement describing Financely as an alleged criminal enterprise.
3. Publish a correction on the same URL with equal prominence and equivalent indexability.
4. Confirm in writing that the false allegations will not be republished, syndicated, excerpted, advertised, summarized, scraped, cached, or repeated in any form.
5. Preserve all records relating to the publication, including drafts, source materials, CMS logs, publication timestamps, author communications, contributor communications, AI prompts, AI outputs, editorial notes, backlink instructions, syndication records, search-console records, and server logs.

Requested Correction

Rights Reserved

Nothing in this notice should be interpreted as an admission, waiver, or limitation of rights. Financely reserves all rights, claims, remedies, and causes of action, including claims relating to defamation, libel, injurious falsehood, trade libel, malicious falsehood, tortious interference, unfair competition, reputational damage, loss of business opportunity, remediation costs, legal costs, aggravated damages, punitive damages where available, injunctive relief, mandatory removal orders, correction orders, and any other available remedy.

Financely remains prepared to resolve this matter through immediate removal, correction, written confirmation of non-republication, and preservation of all relevant records. If removal is not completed promptly, Financely will proceed through the appropriate escalation channels.

This public notice is issued by Financely for legal-record and commercial-record purposes. References to the SEC litigation release are linked to the U.S. Securities and Exchange Commission's official publication. References to AltFunds Global properties are linked for identification of the publisher and the challenged publication environment. This notice does not waive any rights, claims, remedies, privileges, confidentiality protections, or legal positions. Financely reserves all rights.