The court hearing between the Envion-founders and their CEO was held today at 11 a.m. (CEST). The hearing, also known as the “founder against Van Aubel and Matthias Woestman”, was held in the regional court of Berlin.
A short summary
After the German Blockchain Startup Envion had gathered this year more than 100 million dollars in a successful ICO round, it was on the verge of collapse. Allegations of fraud have grown on the various Social Media channels.
The Swiss-based company wants to bring clean energy in the crypto world. Originally from Berlin, wants to Envion deliver intelligent, scalable off-grid solutions to maximize the use of renewable and traditional energy in the world. The project won in accordance with the announcements of partnerships with German companies and politicians, as well as the Fraunhofer Institute, the largest Institute for solar research, and Smart Grids in Europe, to travel. Envion is also certified to comply with both Swiss and American laws with respect to ICOs.
Below, we have a section of a Medium article by Envion:
“While financial regulators, the ICO works around the world to regulate it to protect investors, serves Envion as a model of a conforming equity sales, which interacts with the same transparency and integrity, which is one of the traditional financial markets in the usual way.”
After rumors of a dispute between the CEO of Envion, Matthias Woestmann and the founding team, the investors start due to the ongoing dispute, to lose confidence in the company. According to a spokesman of the founders, Laurent Martin, problems occurred with the CEO, even before the ICO began last year.
Woestmann, who is not part of the founding team, allegedly refused his share of the shares of the company after the founders had him transferred to the temporary control of these shares. He then proceeded to distribute the shares of the other owners, which made him full control over the funds collected in the ICO’s gave.
A defendant CEO is missing at the hearing
As a reaction to the actions of Woestmann the founding team of Envion has requested a court hearing.
Matt Woestmann and his lawyer, Van Aubel, however, are not appeared at the court hearing last Thursday. In spite of the absence of Mr Michael Luckow, the representative of the founder, however, your case.
The court’s decision will be published in time, we will keep you up to date.