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Investors of Envion-ICO still unsettled

Management Board of Envion AG contacts investors by email and lays accusations against the founders - CLLB Rechtsanwälte prepares lawsuits for investors of Envion AG

ID: 1538148
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(businesspress24) - Berlin, Munich, July, 5th 2018

Even though Envion has not reacted to the out-of-court letters of formal notice from investors of the ICO, CEO M.Woestmann will again address investors by email on 28 June 2018. There, the accusations raised against the founders around the ICO are further intensified. However, no redemptions are currently being made to investors.

In the email sent by Envion on 28.06.2018, CEO M.W. firstly declares that the BDO commissioned by him is still working on checking the ICO data. The results of the already completed audit of the BIG have been quoted in press releases, but have not yet been presented in full and have therefore not yet been reviewed by independent bodies. "The submission of the complete BIG Report would be necessary to create transparency," explains the law firm CLLB Rechtsanw

The Executive Board of Envion AG repeats its accusations against the Founder Team by pointing out in its current email that the Smart Contract on which the token sale is based has been changed in violation of the prospectus. In particular, the six-month lock-up period initially agreed (prohibition of sale within this period) was technically circumvented by changes to the Smart-Contract.

According to the Management Board, this change has made it possible to forward tokens to so-called "wallets" within the lock-up period and then to distribute them further. The lock-up period had been expressly confirmed in the founders'' own telegram channel. M.W: attached a screenshot to his email to the investors.

As already reported in the press, Matthias Woestmann, IT forensic expert of the Blockchain Intelligence Group (BIG) was commissioned by the Executive Board of Envion AG to investigate the processes surrounding the multi-produced tokens. According to the Executive Board of Envion AG, the allegations have now also been technically confirmed.

In recent days and weeks, a large number of investors affected by the Envion scandal have contacted the Munich and Berlin-based law firm CLLB Rechtsanw



Since the management of Envion AG has publicly acknowledged the accusations that EVN Token has produced more than one product in violation of the prospectus and that the Smart-Contract has been amended in violation of the prospectus, CLLB Rechtsanw

The letter of Tuesday, June 19, 2018, addressed directly to the Executive Board of Envion AG, Matthias W
Investors at Envion should therefore check whether they may also be entitled to compensation claims. The Kanzlei CLLB of attorneys is beyond that grateful for all references and documents, which can be used for the further clearing-up.



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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.

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CLLB Attorneys at Law, Cocron, Liebl, Leitz, Braun, Kainz, Sittner Partnership mbB, Attorney at Law István Cocron, Panoramastr.1. 47, 10178 Berlin, Phone: 030 / 288 789 60, Fax: 030 / 288 789 620; Mail: kanzlei(at)cllb.de, Web: www.cllb.de



published by: cllb
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Date: 07/05/2018 - 14:54
Language: English
News-ID 1538148
Character count: 2657
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Firma: CLLB Rechtsanwälte
Ansprechpartner: István Cocron Feedback to businesspress24.com about Pressrelease-id:
Stadt: München
Telefon: 089/ 552 999 50

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