Kyle Bacon (“nocab72”) — RX-7 Racing, RacerConnect, Bitcoin Wealth & IRS-CI Evidence

For years, Kyle Bacon — known online in portions of the Mazda RX-7 and racing community as “nocab72” — publicly associated himself with high-performance racing culture, cryptocurrency wealth, yachts, luxury assets, and early Bitcoin accumulation.

Bacon later founded and incorporated RacerConnect, while also serving as former VP & COO of Fiber Network Solutions, Inc. (FNSI) and later CIO of Cogent Communications.

During recorded March 2024 telephone conversations with former FNSI founder David J. Koch, Kyle Bacon described:

* investing “a couple mil” into Bitcoin,

* operating a large Bitcoin mining operation,

* paying employees and contractors in cryptocurrency,

* purchasing a multi-million-dollar yacht with cash,

* acquiring substantial real estate holdings,

* and retiring not because Cogent Communications made him rich, but because, in his words, ‘Bitcoin made me rich.’

These statements raise serious financial and tax questions because Bacon also stated during the same conversations that he was “not financially rewarded” at Cogent Communications. Furthermore, while Dave Koch was medically incapacitated, Kyle Bacon told Koch that Cogent was rescuing him and Koch from personal bankruptcy, leaving both Koch and Bacon with nothing.

This raises a straightforward question:

What was the source of the capital used to fund:

* RX-7 and motorsports activities,

* high-end racing equipment,

* luxury vehicles,

* Bitcoin mining infrastructure,

* yachts,

* foreign and offshore financial activity,

* and multi-million-dollar cryptocurrency investments?

The audio excerpts below are taken directly from recorded March 13–14, 2024 telephone calls initiated by Kyle Bacon to David J. Koch.

The recordings are unedited except for segmentation and audio normalization.

These materials have been preserved and submitted as part of whistleblower filings provided to:

* IRS Criminal Investigation (IRS-CI),

* the Securities and Exchange Commission (SEC),

* the Federal Bureau of Investigation (FBI),

* and other federal authorities.

The excerpts below are presented so the public, investigators, journalists, and regulators may evaluate Kyle Bacon’s statements in his own words.

Why was Exhibit 2.5 the controlling document in the transfer of FNSI to Cogent Communications, signed by Kyle Bacon, not David Koch, and then buried within Cogent’s S-1 registration statement as a miscellaneous asset purchase, stripped of all schedules, and to date, Cogent continues to refuse to produce those schedules.