The 2012 order
Washington State entered a securities order against Tyler Gonty in 2012. It is a public record. This page sets out what it says.
The documents
There are two. Both come from the Securities Division of the Washington State Department of Financial Institutions. Both are on the state's website.
The first is a Statement of Charges dated November 30, 2011. The second is a Final Order dated January 6, 2012. The order number is S-09-134-12-FO01.
The respondents are "Tyler Gonty" and "T&H Northwest, LLC." The order describes Gonty as "a Washington resident" and the company's "Manager and Chief Executive Officer." The company did business as HellHouse Media. The order says it was "purportedly in the business of producing and selling adult movies, websites, and merchandise."
What the state found
These are the order's findings of fact. The quotes are from the order.
- From September 2006 to at least June 2009, Gonty "raised in excess of $700,000 from over 80 investors."
- He offered stock, promissory notes, and shares in the income of specific adult films and websites.
- Investors found the offer through ads he placed on Craigslist and Backpage. One ad sought investors for an "Award Winning Adult Media Company."
- He told one investor a film investment "could return 120% a year."
- Another investor put in $90,000 "after being promised a return of 10% per week."
- He signed four agreements stating that "he personally guaranteed the return of the investor's investment."
- Investors paid for adult films that were never made. In the order's words: "On multiple occasions, the movies described in the offerings were not actually produced." Their stakes were moved to another film that Gonty said he would make.
- The state did not take the business at face value. Its word for it was "purportedly."
- "Several T&H investors have received little or no return on their investment."
- He told at least one investor that if sued for non-payment "he would file for bankruptcy."
Then and now
The order does not mention TokenOS. It predates it by thirteen years. Read side by side, the two offerings follow the same pattern. A high quoted return. A guarantee. A product the investor could not check. Money moved on instead of paid out. Investors left unpaid, and a list of reasons.
| 2006 to 2009, per the order | 2025 to 2026, TokenOS | |
|---|---|---|
| What was sold | Shares in the income of adult films and websites | "GPU nodes" paying a share of compute income |
| Where investors were found | Ads on Craigslist and Backpage | A public Telegram group and X |
| Quoted return | "10% per week." That is about 40% a month | About 27% to 40% every 30 days. About 46% at launch |
| Guarantee | "personally guaranteed" | "a full money back guarantee" |
| The product | "the movies described in the offerings were not actually produced" | No payment to a data center, or from a compute buyer, appears on the ledger |
| Money kept in | Investors' interests were moved to another film | About nine of every ten payout dollars went back into new nodes |
| Outcome | "little or no return on their investment" | About $20 million due and unpaid |
| Reasons given | One investor's 2009 list is below | A bank closing the account, delayed wires, a check in the mail |
| Registration | None on file with the state | No SEC filing found as of August 2026 |
The TokenOS side of each row is set out on the timeline, How the money moved and What the operator said.
What one investor wrote in 2009
In October 2009 an investor in the earlier company posted a public complaint. The investor wrote that $4,000 went in and about $164 came back. The complaint lists the reasons given for the missing payments.
This is one investor's account. It is not a finding by the state. It sits here because of what the TokenOS account has said since August 2026. It has blamed a bank closing its account, delayed wires, and a check in the mail. Three of those posts follow. More are on What the operator said.
Apparently BofA has decided they no longer want our business.
BofA mails the closure check
The registered agent service has, yes. It's been forwarded. Will be to us any day now.
What the state concluded
The order concludes that the stock, notes and income shares were securities. It concludes they were sold in violation of the state's anti-fraud statute. The stated reason is that the respondents "made untrue statements of material fact" and left out facts investors needed.
It also concludes that Gonty sold securities without being registered to do so. The offering itself was not registered.
What the state ordered
Gonty and the company were ordered to "cease and desist from violating RCW 21.20.010, the anti-fraud section of the Securities Act of Washington." The same applied to the registration sections.
They were fined $20,000. They were charged $2,500 in costs.
How the order was entered
The charges were served on December 4, 2011. The respondents had twenty days to ask for a hearing. The order records that each "failed to request an administrative hearing." The findings were then adopted as final.