Monday, December 23, 2024
Newsletter
All

Top 5 This Week

Related Posts

ENVION UPDATE – TRADO FOUNDER TEAM WINS COURT CASE

EnvionICO and Token Placement
tamir
Author: tamir
Less than 1 min.read
Spread financial intelligence

The ENVION founders around Michael LUCKOW and TRADO GmbH have just announced that they have won the lawsuit against Matthias WOESTMANN, QUADRAT CAPITAL and their allies Thomas VAN AUBEL and Jutta VON FALKENHAUSEN. Here is the short original announcement from the website of the TRADO team:

  • ILLEGAL: Matthias Woestmann’s capital increase and share dilution
  • REJECTED: Accusation that founders illegitimately created tokens
  • LIABLE: Quadrat Capital and Sycamore GmbH must pay Trado’s legal fees and are liable for damages
  • JAIL/FINES: For selling shares or initiating use of investor funds (6 months jail per infringement)

THE FOUNDERS WON!
The founding team would like to thank the investors who support us in our fight for justice and the protection of ICO funds.

We will analyze the new situation over the next couple of days and publish another update. At the very least, it seems that the TRADO team will take control of ENVION AG and the disputes at shareholder level will be over. That would be good news to all ICO investors in the first place, we guess.

Previous article
SEC TAKE ACTIONS AGAINST QUESTIONABLE ICO PROMOTORS
Next article
ENVION UPDATE – ICO INVESTORS’ CLAIMS ANALYZED IN DETAIL
tamir
tamir

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles

About us

FinCrime Observer is a financial intelligence site specializing in financial crime in the cyberspace environment. With our reports we want to bring financial crime to the public and help to protect investors.

Latest Articles

Missing Cryptoqueen’s Murky Links to Bulgarian Underworld: A Summary for FinCrime Observer

Crypto Schemes 0
FinCrime Observer - The mysterious disappearance of Ruja Ignatova, the so-called "Cryptoqueen," continues to intrigue and perplex investigators. Ignatova, who vanished after a flight from Sofia to Athens in October 2017, is the subject of an ongoing investigation by the BBC's Eye Investigations and Panorama, revealing her deep connections to the Bulgarian underworld.

Italy: EPPO Cracks Down on Multimillion-Euro Fraud Involving EU Funds

EPPO 0
The European Public Prosecutor’s Office (EPPO) in Palermo, Italy, has taken decisive action against a sophisticated fraud scheme involving EU funds. Following EPPO’s request, the Court of Palermo's judge for preliminary investigations issued a freezing order exceeding €15 million, targeting seven individuals and five companies. The suspects are believed to be involved in fraudulently obtaining EU funds, self-money laundering, and tax evasion.

From Ponzi to SEC Approval: The Crypto Integration into Traditional Wall Street Finance Scheme!

Crypto 0
Just a few months ago, key figures in the traditional US financial sector, such as the CEO of JPMorgan, Jamie Dimon, took a critical stance towards cryptocurrencies, particularly Bitcoin. He has called Bitcoin "worthless" and a "scam" and has even gone so far as to call it a "Ponzi scheme". Now, within a few months, the U.S. SEC has approved both Bitcoin and Ether ETFs under pressure from the traditional financial industry. It seems clear that Wall Street bankers want or need to jump on the crypto bandwagon.

Most Popular

Missing Cryptoqueen’s Murky Links to Bulgarian Underworld: A Summary for FinCrime Observer

Crypto Schemes 0
FinCrime Observer - The mysterious disappearance of Ruja Ignatova, the so-called "Cryptoqueen," continues to intrigue and perplex investigators. Ignatova, who vanished after a flight from Sofia to Athens in October 2017, is the subject of an ongoing investigation by the BBC's Eye Investigations and Panorama, revealing her deep connections to the Bulgarian underworld.

Italy: EPPO Cracks Down on Multimillion-Euro Fraud Involving EU Funds

EPPO 0
The European Public Prosecutor’s Office (EPPO) in Palermo, Italy, has taken decisive action against a sophisticated fraud scheme involving EU funds. Following EPPO’s request, the Court of Palermo's judge for preliminary investigations issued a freezing order exceeding €15 million, targeting seven individuals and five companies. The suspects are believed to be involved in fraudulently obtaining EU funds, self-money laundering, and tax evasion.

From Ponzi to SEC Approval: The Crypto Integration into Traditional Wall Street Finance Scheme!

Crypto 0
Just a few months ago, key figures in the traditional US financial sector, such as the CEO of JPMorgan, Jamie Dimon, took a critical stance towards cryptocurrencies, particularly Bitcoin. He has called Bitcoin "worthless" and a "scam" and has even gone so far as to call it a "Ponzi scheme". Now, within a few months, the U.S. SEC has approved both Bitcoin and Ether ETFs under pressure from the traditional financial industry. It seems clear that Wall Street bankers want or need to jump on the crypto bandwagon.

Subscribe

© FinCrime Observer. All Rights Reserved.