The Helbiz team had ICO in 2018.
Helbiz coin holders lost their money.
Now Helbiz is going to IPO on NASDAQ.
Helbiz coin holders filed a class-action case against Helbiz Inc., Salvatore Palella and others.
Case filed in New York Southern District Court on June 19, 2020
The Helbiz coin is a security - court desicion: on January 22, 2021
08.02.21

Finbeauty SRL involvement in Helbiz fraud

Finbeauty SRL is one of Helbiz investors.

Salvatore Palella, Helbiz founder and CEO announced that Finbeauty SRL is a led investor that helps Helbiz close the $30m PIPE for IPO.

What does it mean and how Finbeauty SRL involved in this?

Helbiz deceived all Helbiz coin holders, had cut off all conection with ICO. Helbiz build the project for money from tokensale and going to IPO. The Helbiz coin holders lost their money and suited Helbiz.

Nevertheless, Finbeauty SRL made the deal with Helbiz and helps Helbiz to do an IPO:

1. It looks like Finbeauty SRL has close ties with Helbiz, to invest in it, after so unclear capital background
2. It looks like Finbeauty SRL supports Helbiz to do an IPO, knowing that Helbiz already had ICO
3. It looks like Finbeauty SRL supports Helbiz to do an IPO, knowing that Helbiz had deceived and ignored Helbiz coin holders
4. It looks like Helbiz can't raised money from other investors

How is it possible?
Probably, Finbeauty SRL helps Helbiz to pump IPO buble and sold HLBZ stocks in open market..


So, make you conclusions!