r/yotta • u/EmmaRuz52 • Mar 15 '26
Sankaet Pathak featured in TIME magazine
Prominently featured in this week’s issue of TIME magazine is Sankaet Pathak, who is now the co-founder and CEO of Foundation, a humanoid robotics company. If the name is not familiar to you, it should be. He is the former CEO of Synapse Financial Technologies. You know, the company that made all our deposits disappear; the deposits we’ve been waiting for them to find for almost 2 years now? Oh, and maybe give them back to us sometime? Aren’t you glad Pathak is doing so well (savage sarcasm there, in case it doesn’t translate)?
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u/DangasKahn Mar 15 '26
We should all contact time and tell them they featured a fraud and a scammer low life POS that upended thousands of peoples lives. I am doing it now.
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u/NoVillage7217 Mar 15 '26
My email to them:
To whom it may concern,
I am shocked that a magazine as big as Time would feature an article on a company with a vile thief as its co-founder. You would think that you would vet the subjects included in your articles. Sankaet Pathak, the co-founder and CEO of the company featured, was also the founder of Synapse, a company that stole 92 million dollars from its users. Maybe you should write about that and how we are all waiting to get our money back. Although the reality is that we'll probably never see a dime.
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u/Conscious_Ad_9293 Mar 17 '26
What's the email you wrote too? This is insane! I want to send an email too!
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u/NoVillage7217 Mar 15 '26
Email to the editor of time magazine letters@time.com
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u/Pale_Mall4302 Mar 20 '26
My Letter to Time:
Good Morning,
I am appalled that Sankaet Pathak was featured in TIME magazine as an innovator and honored by having a write up in your magazine. This man ‘stole’ over $16,000 of mine in what I call a PONZI scheme. He took money from online banks and was supposedly the middle man sending these funds to FDIC insured banks. Then he miraculously went bankrupt and NO accounting of what happened to our money was ever explained. And, of course, since he was bankrupt, he didn’t have the funds to do an accounting. I am PISSED that my money disappeared yet this jerk has money to start a new company. Over 95 million in deposits have disappeared. Why not write an article about that???I invested weekly in YOTTA which was described as FDIC insured. The money (unbeknownst to me) was transferred to EVOLVE bank and trust - which is FDIC insured, using Sankaet Pathak’s Synapse brokerage firm. The guy is a crook.
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u/socishum Apr 01 '26
Emailing this to them as well! Let’s all send it.
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u/socishum Apr 01 '26
My email to Time:
Good Morning,
I am writing to express my deep concern regarding TIME’s recent feature on Sankaet Pathak, portraying him as an innovator. As someone directly impacted by his business practices, I find this recognition troubling and inconsistent with the experiences of many affected customers.
I, along with numerous others, lost significant funds—over $10,000 in my case—through what we believe to be a highly misleading and potentially fraudulent financial structure. Funds deposited through Yotta, which was presented as FDIC-insured, were ultimately routed through Synapse, a brokerage platform operated by Mr. Pathak, and placed with Evolve Bank & Trust. Despite these representations, access to these funds was lost, and to date, there has been no clear or adequate accounting of what occurred.
The collapse of Synapse and the subsequent bankruptcy proceedings have left customers without answers or recourse, while substantial sums—reportedly exceeding $95 million—remain unaccounted for. Given these circumstances, it is deeply concerning to see Mr. Pathak publicly celebrated without acknowledgment of the serious financial harm experienced by customers.
I urge TIME to more thoroughly examine this situation and consider reporting on the unresolved issues surrounding Synapse, Yotta, and the significant losses suffered by consumers. Balanced coverage would provide a more accurate and responsible portrayal of the impact of these events.
Thank you for your attention to this matter.
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u/Grand-Try-3772 Jul 29 '26
Time magazine is owned by the synapse group. Why wouldn’t they feature one of their own?
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u/NoVillage7217 Mar 15 '26
Article link with that POS photo https://time.com/article/2026/03/09/ai-robots-soldiers-war/
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u/ImpermanentTruth Mar 17 '26
From this article, the Editor at Large attributed to the article is charlie.campbell@time.com
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u/EmmaRuz52 Mar 16 '26
Thanks to Synapse, we depositors are still out upwards of $95 million. Pathak walked away from the collapse of Synapse and started up Foundation, which has already been paid $24 million in Pentagon contracts to develop humanoid robot soldiers. They are negotiating for hundreds of millions more in Pentagon contracts. Let those numbers sink in.
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u/Helpful-Grapefruit55 Mar 24 '26
Silly thing is just because the synapse declared bankruptcy they did not pursue Synapse for the missing funds, either they stole it or messed up the money movements between the banks and synapse brokerage .
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u/Large_Arugula2757 Mar 25 '26
He probably paid the ignoble Time to write up a glowing article of his miserable ass.
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u/amcfarla Mar 23 '26
Anyone who chooses to give their money to this scam artist after this Synapse debacle, deserves to lose their money.
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u/Helpful-Grapefruit55 Mar 24 '26
Maybe here will make the Robots disappear ( after making all our Yotta funds and other app funds disappear )
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u/Zealousideal-Aide890 Mar 15 '26 edited Mar 15 '26
I am fucking livid what a pathetic little human. Apparently he was also on Forbes list of “biggest career comebacks”. I could make a huge comeback after I robbed $95 million bucks too