Feb 2018. AlphaOmegaEnergy won the CIC's (Cambodian Investment Club) Only ever National Cambodian Startup Fair. 30 startups, the 300 richest oligarchs in the country in the biggest international conference center in the Capital City of Phnom Penh. Not only was AOE not funded there, and didn't get an offer from anyone, but none of the startups got one single dollar from anyone and no one got an offer either. Instead, the oligarchs stole all the ideas & models & even the branding and colors from the Cambodian 'kids' and built those businesses the best they could themselves, hiring staff and spending big money to try to pull off the steal and fraud, while all the kids who prepared for it for the last 9 months in local Devorg run fakecellerators with no funds, & endless practice, development, costs and commitment. They all went home crying, as the oligarchs and Devorgs went home stealing, and lying.

Feb 2025 The CIC's founder was arrested by the Cambodian Securities Commission for Mass investor fraud to the tune of 90 MILLION Dollars. Gone. And not only can they not recover the money or find it, but the other many oligarch members of the CIC are complicit in the Megafraud and all have their mouths shut, all of them refusing to help the authorities on this to get the money back for the common man investor they all together stole it from in a mass criminal conspiracy. The Devorgs would be rubbing their hands together and jealous of them, drinking to their success, if not for their 2.2 BILLION in DevAid fraud every single year on top of 100+ million in fraud and startup bloodsucking every year. To date, NONE of them have ever funded a startup, nor a startup fund. NONE of them have ever financed an actual Cambodian startup or even a foreign in Cambodia startup either.

These Oligarchs raised 90 MILLION Dollars from the Cambodian citizens, the biggest investment fund in the history of the country, and just STOLE all the money. They did it in a criminal mafia cartel together and all involved and all covering for each other and they are getting away with it. Now, no one in the country is willing to trust anyone and invest into anything because of this massive fraud. This has created a tragic situation for the country & it's future which will do incredible damage to the financial industry and investment industry. The SEC and police are not succeeding in bringing these criminals to justice either. This is like a deepstate level of crime, where none of the congressmen go to jail for their brazen fraud. And what can anyone do about it?

The ONLY way forward, is to build a financial governance and security platform where this can NEVER happen again to those who use it. We have to build a Trustless platform because "oh trust me instead" just isn't good enough, the risk of this happening to investors MUST BE ELIMINATED and they deserve it, AT MINIMUM, so we will do it.

What does that look like? What conditions?

• Multiple signors over the bank accounts which are limited by the spending charter
• Independent 3rd party bank account spending view and lockout authorized agents on the accounts who must watch us and adhere to the charter. They have the power in the bank account contracts with the bank, to freeze account access
• "Same as steal" conditions which get automatically reported to authorities if the charter conditions are breached
• Pre-invoicing and financial spend planning, slowing down major spends by 2-7 days to be reviewed, even though they are pre-planned and sent to the 3rd party reviewers
• Public open transparency, accountability, online receipts & accounting & bank statements review & reports live in real time to the investors. Anything IP related the names, details etc will be shielded from the public but the money will be public.
• Every spend planned in advance, no surprise spending will be allowed
• Spending authorizations will all be pre-approved and public and according to pre-planning
• Multiple levels of spend authorization will be set, with more review and governance the bigger the spend
• Centralized spending and custody of money will be with the trustees, not "big check to startups and trust the founders"
• Centralized purchasing & sourcing help for the startups will be conducted, to reduce loss and risks of waste, fraud and abuse
• Purchase invoices will be sent in first, before all purchases are made, for expenses over daily, and fixed amounts
• Anyone breaching any of these conditions will be replaced and will lose their financial accounts operating principles

We have no choice but to build the most accountable and trustless system possible, and do so in conjunction with the CSC Cambodian securities commission, to EARN the "trust" via the overlapping compliance systems so that fraud can not possibly occur, and if any of it does, it's kept very small, and the perpetrator is immediately stopped, and arrested. We MUST have a Zero tolerance policy and set the standard. Some Cambodian business people told us that this is too restrictive and it will be okay to "trust him instead" LOL. No, sorry, that's not acceptable. "Trust me instead" is just not good enough, and frankly, it's disgusting.
Every ETHICAL, responsible, and well intended businessperson and founder will never have a complaint to doing this. It's far worth it to get funded, and in reality it's not that big of a deal to merely follow an order procedure for your spending plans. If you can't handle this, don't go into business, and don't ask anyone for any funding, because you just aren't accountable or responsible enough.

At AlphaOmegaEnergy we did this from day one. We put every dollar and every receipt online on a google drive. It was easy and took merely one full time bookkeeper. The spending was pre-planned, handed to the procurement officer, he carried out the buys, and handed the receipts to the bookkeeper sitting beside him to input them all. This is NOT "onerous" and anyone claiming such, is a Fraudster. Do not tolerate these kinds of bad actors with your money, any money, nor your tax money. DEVOrgs are committing the same crimes as the CIC, but at 7X this much money every year. If you thought the CIC is bad, just look at the Devorgs & NGOs. They all refuse to put their financials online and literally brag in public about 55% of the money being frauded out the back door.