Herasoft unable to fulfill monetary obligations, seeks to sell historic building

Anthem Blanchard, CEO of both Herasoft and Anthem Vault Inc., declared in court documents dated April 1 that his company is financially insolvent and unable to fulfill any monetary claims, including significant back pay owed to former employees.

According to the documents obtained by the EE Friday, Blanchard was ordered in February 2023 to pay a settlement of $90,000 in a back pay claim from former employee Jason Carstensen. Carstensen, who was initially owed $126,000, had agreed to a reduced settlement.

Court documents reveal Blanchard failed to meet his obligations and was sued again in Washington County Court this year. In response, Blanchard said he doesn't have the money.

"Unfortunately, Anthem Vault, Inc. is currently unable to meet its financial obligations and is in the process of winding down its operations," Blanchard stated in his April 1 written response to the court summons. "As such, we regret to inform the court that the company does not possess the means to fulfill any monetary claims presented in the petition."

In the response, Blanchard even asked Court Clerk Jill Spitzer for advice on proceeding "in light of the company's financial circumstances," the documents say.

Carstensen claims Herasoft owes a handful of employees back pay.

During his employment with Herasoft Inc., Carstensen received his paychecks from Anthem Vault Inc. He claims that the two companies are, in fact, the same.

Herasoft moved its operations to Bartlesville in 2021 with a reported $5 million round of series-A funding and a growing client list. Blanchard claimed they had offices in Houston and Sao Paulo, Brazil, at the time.

He also was the executive officer of two now-defunct crypto-blockchain companies, Hercules SEZC and AnthemGold, both of which are facing multiple online accusations of fraud from customers.

Blanchard is also linked to 38 other companies, such as AMAGI Metals LLC, Anthem Bank Inc, Anthem Coins Ltd, Anthem Crypto, Anthem AU, AnthemDerivatives, AnthemDollar Ltd and AnthemGold Inc.

Further complicating matters, Herasoft Inc. is selling the building housing its Bartlesville headquarters, the historic and former Washington County Courthouse, for $1.2 million.

Meanwhile, Anthem's wife Cynthia, owner of Price Tower and former president of Herasoft, is selling museum artifacts to address the tower's financial shortcomings.

Cynthia Blanchard previously said that Herasoft employees were part of the team taking ownership of the Price Tower.

Anthem Blanchard and Herasoft were unavailable for comment and phone numbers associated with Herasoft are no longer in service.

This article originally appeared on Bartlesville Examiner-Enterprise: Court records reveal Anthem Blanchard can't meet financial obligations