Romio Information

ROMIO is a friend recommended services app. Built on Social Capitalism. After an incredible journey building ROMIO, I'm announcing that HomePeople Corp dba ROMIO has suspended operations due to truly extraordinary circumstances. A failed investor and their partner law firm, Messner Reeves LLP, have refused to return or account for $10.3M in escrow funds from multiple companies—including our $1M deposit—for over 24 months. We were introduced to this financing by partners previously at Morgan Stanley and PwC who themselves invested through the same structure (and are now co-plaintiffs). Despite comprehensive litigation covered by Bloomberg Law https://news.bloomberglaw.com/business-and-practice/law-firm-loan-deals-anger-businesses-searching-for-missing-money and Law360 https://www.law360.com/pulse/articles/2291696/utah-court-urged-to-preserve-8-3m-in-messner-reeves-funds with detailed court filings publicly available https://images.law.com/contrib/content/uploads/documents/292/187998/Kosher-Eats-v.-Welch-et-al-Utah-RICO-Complaint-7.25.2024.pdf, the defendants continue stalling in ways that would impress even the most creative fiction writers. What's truly shocking isn't just the situation itself—it's witnessing firsthand how the legal system can be gamed with procedural gymnastics worthy of an Olympic sport. But here we are: unable to launch after patiently building a game changing local business app and deep local network, and learning some very expensive lessons about institutional trust. Structural deceit isn't accidental—it's a feature I explore in my upcoming book Capitalism's Blind Spot, introducing API (Asset Participation Income) and social capitalism models that leverage AI to replace extractive financial systems with human-impact frameworks. Immensely grateful to our team and community who believed in the vision. Onward to new opportunities in AI innovation—this time with slightly more paranoid Tarik Sansal CEO / Founder HomePeople Corp dba ROMIO