Steve Repetti is lying to people. He is a deceptive fraud that mis represents that LevelRe.com as an active and operating part of his investment fund portfolio.
This is a scam! LevelRe stopped operations and the CEO and everyone fled the company. This left Steve Repetti at this dead company.
The proper and ethical move will be to put up a notice that LevelRe has ceased operations. That is not what Steve Repett did. He left the site up so that he can make false and fraudulent representation that LevelRe is a viable venture, so that he can entice and induce unsuspecting investors into believing that everything is OK.
Luckily it appears the noose continues to tighten.