Envion AG - Where is the investors'' money? - CLLB files claims for damages for investors
No functioning business operations at Envion AG - Damages claimed in court due to incorrect information in the prospectus
(firmenpresse) - Munich/Berlin, 21.08.2018. The dream of high returns has burst for the investors of Envion AG. Instead, high losses are imminent. While investors were able to acquire company shares - tokens - for around one dollar each, the shares are now only worth a few cents. Around 30,000 investors have invested in Envion AG''s ICO and returns of more than 160 percent have been forecast. Apart from hot air, there is not much left of this promise. Investors must fear that their money is largely lost.
Attorney Istvees various indications for this. The tokens were sold to German investors. However, the prospectus had never been examined by the German Financial Supervisory Authority BaFin. In addition, the information in the prospectuses was incorrect. The experienced lawyer also points out the personnel constructions to the Handelsblatt. Investors would have thought they were investing in a reputable company at Envion AG. On closer inspection, however, it turns out that all persons essential to the ICO work for Trado GmbH in Berlin. Their de facto managing director is Michael Luckow and he is registered in the Berlin debtor register. Attorney Cocron: "If my clients had known about this construction, they would not have acquired the tokens in question".
The idea behind Envion AG was quite obvious and also promising in the ears of many investors. Since digging crypto currencies requires a lot of energy, Envion AG wanted to use surpluses in green electricity to mine at particularly low cost. Mobile computers should be connected to the power plants for this purpose. However, this required high investments for the time being. At the beginning of 2018, Envion AG had raised around 100 million dollars from around 30,000 investors through the sale of tokens. The only problem is that there has never been a business operation or turnover, reports the Handelsblatt. One reason for this is probably also the disputes among the shareholders, which at times led to the business operations coming to a standstill. The public prosecutor''s office in Berlin is now also interested in the events at Envion AG.
Attorney Cocron does not want to focus at all on the question of which partner has cheated on whom at Envion AG. The injured parties are the investors who were tempted to make the investment by providing false information in the prospectus and can therefore assert claims for damages.
More information: https://www.cllb.de/
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
CLLB Rechtsanwälte stands for outstanding expertise in the field of civil procedure law. The development and successful implementation of a target-oriented process strategy is a decisive factor not only in large-scale proceedings with several hundred injured investors. Even complex individual proceedings, especially those with an international dimension, can only be optimally managed through the use of specific experience and detailed specialist and legal knowledge. Our lawyers are therefore very familiar with the functioning of financial products of regulated and unregulated markets, are proven specialists in capital market law and have many years of relevant judicial experience, i. e. in some cases more than ten years, before courts throughout Germany. The Kanzlei CLLB of attorneys was created in the year 2004 in Munich and could establish itself by numerous successes in sensational procedures already after short time. In addition to the four founding partners István Cocron, Steffen Liebl, Dr. Henning Leitz and Franz Braun, whose initials stand for the "CLLB" brand, Alexander Kainz (2008) and Thomas Sittner (2017) are two other partners responsible for the client''s success. Meanwhile twelve lawyers of CLLB represent the legal interests of their clients. They are mainly active on the plaintiff''s side and assert claims for damages on their behalf. In a nutshell, that means: We can sue.
Attorney István Cocron, CLLB attorneys at law Cocron, Liebl, Leitz, Braun, Kainz, Sittner Partnerschaftsgesellschaft mbB, Liebigstr. 21, 80538 Munich, Phone: 089 552 999 50, Fax: 089 552 999 90; Mail: cocron(at)cllb.de Web: www.cllb.de
Datum: 22.08.2018 - 09:59 Uhr
Sprache: Deutsch
News-ID 1540061
Anzahl Zeichen: 2550
contact information:
Contact person: István Cocron
Town:
München
Phone: 089/ 552 999 50
Kategorie:
Regulations and Law
Typ of Press Release: Unternehmensinformation
type of sending: Veröffentlichung
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 1225 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Envion AG - Where is the investors'' money? - CLLB files claims for damages for investors
"
steht unter der journalistisch-redaktionellen Verantwortung von
CLLB Rechtsanwälte (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
