Letter From Supposed Confido Lawyer Promises ICO Investors Refund – Business and Finance tips and Advice

Letter From Supposed Confido Lawyer Promises ICO Investors Refund

Confido has just lately launched a press release on its web site claiming that the cash raised by the corporate in its preliminary coin providing (ICO) is being stored in a belief fund till additional discover.

The authenticity of the stated letter, together with its authorized consultant remains to be beneath query contemplating that the corporate’s complete social media accounts, together with its web site, have been beforehand taken down.

Within the stated letter, the supposed authorized consultant claimed that the folks behind the Confido venture haven’t any intention to rip-off the buyers. Nevertheless, the cash raised within the ICO will not be sufficient to advance the initiative, so its builders determined to shelve it for additional evaluation.

A part of the letter learn:

“Our consumer emphasizes that Confido will not be a rip-off and that there have been by no means any intentions to drawback any buyers. Nevertheless, the venture – regardless of the goals of the builders – will not be possible inside the scope of the outcomes of the ICO. Subsequently, our consumer determined to cease the event of Confido.”

Transient Confido profile

The venture that was meant to disrupt the standard escrow providers and transactions. Nevertheless, after elevating nearly $375,000 via an ICO on the platform referred to as TokenLot, the corporate has immediately disappeared on-line. All the startup agency’s social media platforms like its web site went fully darkish.

An investigation by a information channel additionally confirmed that Confido’s alleged Chief Government Officer (CEO), Joost van Doorn, has lied about his employment historical past. Primarily based on the probe, Van Doorn was by no means an worker of the beverage agency PepsiCo and German on-line retailer Zalando as he beforehand claimed on the Confido web site.

Promised refund

Primarily based on the letter, the Confido buyers might probably have an opportunity to get well the cash they invested within the ICO. It stays to be seen, nevertheless, if this would be the case within the subsequent few weeks as there are additionally a lot of doubts regarding the authenticity of the stated letter.

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