I advise Envion ICO investors to sue the Envion founders and CEO for not producing the expected amount of MMUs and thereby not being able to provide the advertised ROI.
Demand your money back. The tokens are worthless if there are no mining operations. Focus on the funds they raised, which have not been used for their intended purpose.
For months Envion kept silent and pretended to be building MMUs. They have lied to you.
There have been lawsuits over much smaller Kickstarter projects that failed to deliver.
That was a $25,000 fund raiser. The Envion ICO was over a $100 million fund raiser. Go figure.
The feud and lawsuit between the founders and Woestmann is irrelevant to the investors. Envion for all intents and purposes is forever dysfunctional. The only thing that matters, investors, is getting your money back.
Demand your money back. The tokens are worthless if there are no mining operations. Focus on the funds they raised, which have not been used for their intended purpose.
For months Envion kept silent and pretended to be building MMUs. They have lied to you.
There have been lawsuits over much smaller Kickstarter projects that failed to deliver.
Quote
Kickstarter project sued, unveiling crowdfunding weakness
Last year, Washington State Attorney General filed a consumer protection lawsuit action against a Kickstarter project, Asylum Playing Cards.
In the original crowdfunding project, Altius Management raised $25,000 from 810 backers. The rewards for the campaign were set to be delivered in December 2012, but when the suit was filed in April, 2014, nothing had been sent.
Washington State filed a lawsuit against the company for failing to deliver their product and not offering refunds. The suit only applied to 32 people, the backers who lived in Washington state. The defendants were fined around $54,000, for restitution, civil penalties, and attorney’s fees.
Last year, Washington State Attorney General filed a consumer protection lawsuit action against a Kickstarter project, Asylum Playing Cards.
In the original crowdfunding project, Altius Management raised $25,000 from 810 backers. The rewards for the campaign were set to be delivered in December 2012, but when the suit was filed in April, 2014, nothing had been sent.
Washington State filed a lawsuit against the company for failing to deliver their product and not offering refunds. The suit only applied to 32 people, the backers who lived in Washington state. The defendants were fined around $54,000, for restitution, civil penalties, and attorney’s fees.
That was a $25,000 fund raiser. The Envion ICO was over a $100 million fund raiser. Go figure.
The feud and lawsuit between the founders and Woestmann is irrelevant to the investors. Envion for all intents and purposes is forever dysfunctional. The only thing that matters, investors, is getting your money back.
Absolutely agree.
The filing of a lawsuit in court will force the organizers to stop the game with investors.
