CROSSING THE DREAM BRIDGE: Robert Buckhannon Promised “22% to 28% Annual Return With Potential” For His Phoenix Rising Ventures Bitcoin Mining Scam; Periodic Report Filed In Colorado Less Than Three Weeks Before Making Deal With Feds

DID ROBERT BUCKHANNON GET A CRIMINAL “HALL PASS” FROM FEDERAL PROSECUTORS? BUCKHANNON'S SHADY COLORADO BUSINESS ENTITY (DIRECTLY LINKED TO A CRYPTOCURRENCY MINING SCAM) STILL ACTIVE OVER 30 DAYS AFTER SWEETHEART PLEA DEAL APPROVED!

On May 30, 2019, former Michigan chiropractor Robert Buckhannon inked a plea deal, agreeing to plead guilty to one count of conspiracy to commit wire fraud.

The criminal case is linked to Buckhannon's role (along with co-defendant Kelly Demoss) in a scheme to defraud Blackburne & Sons Realty Capital Corporation by obtaining a nearly $500,000 loan purportedly intended to refinance Battle Creek's now-incinerated On Deck Sports Bar.

According to the contours of Buckhannon's plea deal, he's agreed to cooperate with federal law enforcement agencies and is barred from engaging in criminal activity during the course of his cooperation. 

But it appears that the feds may be holding their collective noses, allowing Buckhannon (and his partner, Zia Shlaimoun) to continue actively soliciting investors, promoting six-figure opportunities in a cryptocurrency mining company, with a purported return-on-investment Buckhannon pumped in a nine-page presentation deck and a financial projections under a Colorado-based entity named Phoenix Rising Ventures LLC.

On April 30, 2019, Buckhannon filed a required annual Colorado business report for Phoenix Rising Ventures LLC. Buckhannon originally formed Phoenix Rising on June 20, 2018.

Prior to his plea agreement, Buckhannon had been actively seeking investors for the PowerServer venture, including emailing a prospect promising a “22% to 28% annual return with potential” . Buckhannon even provided an Excel spreadsheet purportedly demonstrating those projected gains, and photos he claimed were taken at PowerServer's Orange County, California mining operation.

So what's really going on here?

Is Buckhannon running a scam operation, while he feigns cooperation with the feds?

And, if not, why hasn't he officially dissolved the Phoenix Rising entity?

It's not like he's a novice with Colorado business entities: both Buckhannon and Zia Shlaimoun have formed multiple LLCs with the assistance of Michael Shane Edgington, an attorney disbarred in 2011.

Edgington formed Spartan Medical Ltd. in 2014 for Buckhannon, after forming TAnnT Mining & Milling LLC for him in 2009.

As recently as 2016, Edgington formed Kool Elements LLC, a Colorado entity linked to Zia Shlaimoun.

So what's really going on here? 

Are the feds holding their collective noses while Robert Buckhannon gives them the runaround?

It wouldn't be the first time he got away with it...or the last.