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Illustration: Rebecca Zisser/Axios

Show me the money — that's what venture capital firm Anchorage Capital is saying to Trustify, a Washington, D.C.-based on-demand platform for private investigators, in which it invested $4.75 million to lead a Series A round in May 2017.

The state of play: Anchorage last week filed suit against Trustify, arguing that the company had basically disappeared with a subsequent $2 million investment in May 2018 (as part of a Series B round that never materialized).

  • And I do mean disappeared, as the company appears to be defunct. Office empty, etc. This comes after an ugly breakup between husband/wife co-founders Danny Boice and Jennifer Mellon and a group of Trustify employees suing for back pay.
  • Anchorage alleges that it was told that a firm called Nfluence was leading the Series B round, both by CEO Boice and Nfluence managing partner Gary Moon, and that Nfluence had wired a check (causing Anchorage to wire its own). Per the lawsuit, Nfluence never sent any cash and, when Anchorage asked both parties, it allegedly "received no response or explanation."
  • Anchorage also alleges, in part based on the employee lawsuit, that Boice and Mellon used a good portion of company cash for personal use.

The bottom line: It's doubtful there is any money left to show.

Go deeper

Updated 2 hours ago - Politics & Policy

Woman who allegedly stole laptop from Pelosi's office faces fresh charges

Photo: FBI

A woman accused of breaching the Capitol and planning to sell to Russia a laptop or hard drive she allegedly stole from Speaker Nancy Pelosi's office faces fresh charges, according to a criminal complaint amended Tuesday.

Driving the news: Riley June Williams, 22, who was arrested in Pennsylvania's Middle District Monday, is suspected of being the woman featured in a video saying, "dude, put on gloves," before a man's gloved hand reaches for the laptop, per the Department of Justice.

Trump grants flurry of last-minute pardons

Photo: Jabin Botsford/The Washington Post via Getty

President Trump issued 73 pardons and commuted the sentences of 70 individuals early Wednesday, 11 hours from leaving office.

Why it matters: It's a last-minute gift to some of the president's loyalists and an evident use of executive power with only hours left of his presidency. Axios reported in December that Trump planned to grant pardons to "every person who ever talked to me."

3 hours ago - Politics & Policy

Trump revokes ethics order barring former aides from lobbying

Photo: Spencer Platt via Getty

Shortly after pardoning members of Congress and lobbyists convicted on corruption charges, President Trump revoked an executive order barring former officials from lobbying for five years after leaving his administration.

Why it matters: The order, which was signed eight days after he took office, was an attempt to fulfill his campaign promise to "drain the swamp."

  • But with less than 12 hours left in office, Trump has now removed those limitations on his own aides.