The court-issued document is a tough read, and there is a lot of information in there. We will leave links to the official documents on the bottom of this page. We will include most important information in this article.
To start out, we need to know what the company is being accused of. This is the first statement in the court document. It says that “On August 9th, 2019, the Larimer County Grand Jury returned a five-count criminal indictment against Benjamin Eugene Davenport, Kirk Adam Smith and Gabriel D. Halsmer. The indictments allege that Benjamin Eugene Davenport and Kirk Adam Smith committed Theft, Conspiracy to Commit Theft, Securities Fraud, Conspiracy to Commit Securities Fraud and Violations of Bail Bond Conditions. The indictment also alleges that Gabriel D. Halsmer committed Theft, Conspiracy to Commit Theft, Securities Fraud and Conspiracy to Commit the Crime of Securities Fraud. The charges against these individuals concern a Fort Collins based company named VRsenal, Inc.”
Not only one account of fraud was claimed, but five. This is a serious allegation. In all, there is supposedly over $500,000 lost in this fraud claim. The document says they are innocent until proven guilty, but it isn’t looking too bright for VRsenal. They released a lengthy statement that is very to the point. We will include the beef of the statement, followed by the link to check out both documents below.
“And so, we come to the reason behind this statement. Due to the legal machinations of this individual, the three founders of VRsenal were recently indicted by a Larimer County Grand Jury. VRsenal itself was not targeted by the grand jury, only the three founders. The indictment basically states that Gabe, Kirk and myself intended and conspired to engage in the theft of this individual’s money and to permanently deprive him of it.
Such a horrific charge we cannot let go unanswered.
It is a lie.
Plain and simple. There is no other term for it.
We know that there is not one shred of evidence in existence that can prove these allegations, because there can obviously be no evidence where no such thing ever occurred.
On the other hand, we have documents, emails, texts and witnesses that clearly demonstrate the truth of the matter and show our good faith efforts to negotiate the repayment of this individual’s funds, even after he left our company financially stranded without so much as an explanation as to why. Reaching out over and over again to the lawyer of an individual you owe money to, and repeatedly submitting detailed repayment plans and proposals are simply not the actions of thieves who intend to permanently deprive someone one of their possessions, as the grand jury indictment alleges. This is just not what theft looks like.
We expect to be fully vindicated on all counts.
But – you may ask – if you had all of this evidence then why didn’t you use it? Surely if you could prove all that you claim, you would not have been indicted by a grand jury right?
You would think that would be the case. But no. Unfortunately, that is not how the grand jury system works.
The first thing you should know about grand juries, is that America is one of only two countries in the world that still allow grand juries to even take place – the other country is Liberia.”
You can check out the Court Document and the compa
