About Sam Ikkurty

DeFi Pioneer & Constitutional Rights Advocate

Sam Ikkurty is the founder and managing member of Jafia LLC and Rose City Income Fund, a pioneering decentralized finance (DeFi) investment fund based in Portland, Oregon. With a background in technology and finance, Sam was among the first investment managers to build a fund entirely around DeFi protocols on the Ethereum blockchain.

Rose City Fund operated with a philosophy of radical transparency. Every week, for 139 consecutive weeks, Sam sent detailed "Five Bullet Friday" updates to all partners — sharing blockchain wallet addresses, positions, performance data, and market analysis. Partners could independently verify every claim on the public Ethereum blockchain at any time. This is the antithesis of how a Ponzi scheme operates.

The fund achieved extraordinary results. An independent analysis by StoneTurn Group — a forensic accounting and expert witness firm — confirmed that investors in Rose City Income Fund II received returns as high as 339.55% in one year, and Fund I achieved a mean CAGR of 303% for exiting partners. These returns were generated through legitimate DeFi investments in protocols such as OHM (Olympus DAO) and KLIMA DAO, generating $19 million in verifiable on-chain transactions.

On May 10, 2022, the CFTC filed a complaint alleging fraud and operating a Ponzi scheme — based solely on bank statements, without ever reviewing the publicly available blockchain records. On May 16, 2022, ten federal agents raided Sam's home in Portland with an ex parte order that Sam had never seen, from a lawsuit he was never notified of. His legal counsel was told the matter was "confidential."

Since then, Sam has been fighting to expose the CFTC's prosecutorial misconduct, document the constitutional violations, and advocate for accountability in regulatory proceedings. This website is the central repository for that documentation.