Yotta Savings Under Scrutiny, Firm Founded by Ken Moelis' Son

Anyone see or hear anything about this? Yotta which claimed to be a savings platform that allowed depositors a chance to "win" a prize now under fire as many customers are not able to access their funds. Any idea if Ken has involvement?

https://www.bankingdive.com/news/yotta-ceo-85k-cu…

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Coffeezilla did a feature on this one recently. They "pivoted" from a savings bank that talked about how lotteries just stole people's money into a literal gambling app. Super sketchy and yet another big L for influencer-promoted financial products.

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

You won't because Ken has nothing to do with it, it's his son Adam that's a co-founder.

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 
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"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion

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