#United States #North Bethesda #Billionico Academy #Auratus #TSSB

Billionico and Auratus Celebrate Legal Triumph Against TSSB

In a landmark case that highlights the importance of regulatory integrity, Billionico Academy and Auratus have emerged victorious in a legal battle against the Texas State Securities Board (TSSB). On July 31, 2025, a judge ruled decisively in favor of the two companies, dismissing the TSSB's claims of wrongdoing which centered around the alleged promotion of unregistered investments related to what the TSSB referred to as a "digital gold vault".

The case originated when the TSSB issued a contested cease-and-desist order back in April 2024, asserting that both Billionico and Auratus, along with several individuals tied to them, were engaged in inappropriate investment activities. However, Administrative Law Judge Sarah Starnes conducted a thorough examination of the case and ultimately found the TSSB's claims to be unfounded. She indicated that the regulatory agency failed to provide adequate evidence to support its order, resulting in a complete dismissal of the case.

Frank Deyle, CEO of Billionico Academy, expressed his relief following the ruling. He stated, “We were accused publicly and aggressively of wrongdoing when we had done absolutely nothing wrong. This overreach caused reputational damage and disrupted the lives of people acting fully within the law.” The judge’s ruling vindicated the companies, reinforcing their commitment to operate lawfully and transparently.

Judge Starnes articulated clear criticisms of the TSSB's procedural missteps. The TSSB not only lacked legal authority in pursuing the case but also failed to address jurisdictional challenges raised by the defendants. This neglect could have significant implications for how agencies like the TSSB conduct future investigations, particularly when dealing with international businesses like Auratus.

The ruling further revealed troubling conduct on the part of the TSSB investigator involved in the case. Evidence submitted by the defense demonstrated that this investigator attempted to purchase an Auratus product while disregarding explicit disclaimers that the product was not available to U.S. residents. Moreover, he falsely claimed he was not a U.S. citizen during the process, which contradicted the claims made by the TSSB in their case. Auratus's compliance mechanisms effectively blocked this attempt, reinforcing the company's commitment to regulatory adherence.

Deyle denounced the TSSB's actions as a misuse of regulatory power. He remarked, “This wasn't just a legal dispute—it was a direct attack on honest people running lawful businesses.” The legal landscape appears to have shifted with this ruling, emphasizing the need for accountability among regulatory bodies.

Terry Lee, a spokesperson for Auratus, echoed Deyle’s sentiments, adding that the core principles of transparency and integrity drove the foundation of their business. He stated, “The ruling restores some of the damage, and we appreciate the judge's clarity.” This case serves as a significant reminder of the balance that must exist between regulatory oversight and the protection of businesses operating within the law.

Jeffrey Gavenman, the lead counsel for Auratus and a member of the law firm Schulman Bhattacharya, LLC, expressed pride in the decision, stating that it reflects the total lack of factual basis for the TSSB's claims. “Our clients are grateful to have been fully vindicated,” he concluded.

Both companies are well-regarded in their respective fields. Auratus specializes in digital commodities, particularly focusing on gold storage solutions and transactions through a seamless online platform. Meanwhile, Billionico Academy operates as a global education provider, working to enhance understanding and fostering innovative thinking across various subjects.

This case underscores not only the complexities of regulatory frameworks but also the vital need for just treatment of businesses in a global economy. Going forward, it may set a crucial precedent for regulatory behavior, ensuring that due process is respected, and businesses are shielded from unwarranted actions that could impede their growth and reputation.