Crypto Investment Co. Accused Of Funding Fraudsters
Georgia investor Mary Beth Strawn has sued Solida Equity Partners LLC and its managers—Josh Kirk, Alan Napier, and Tyler Ogden—alleging she lost a $200,000 cryptocurrency arbitrage investment to an international fraud scheme; Strawn claims that after investing in June 2024 she discovered she was Solida’s only investor, that the defendants had misrepresented having exclusive control over Solida’s proprietary trading software, and that they had instead outsourced operations to developers Mike Boggs and James Boyd, who allegedly funneled investor funds to overseas entities in China and Ukraine while falsely reporting positive returns; the suit, filed in the U.S. District Court for the Northern District of Georgia and seeking $200,000 in compensatory damages plus punitive damages and rescission, accuses the defendants of fraud, breach of fiduciary duty, and negligence. Summarized from reporting by Law360, October 3, 2025.