Helbiz had ICO in 2018.
Helbiz coin holders lost their money.
Now Helbiz listed on NASDAQ.
Helbiz coin investors filed a class-action case against Helbiz on June 19, 2020.

The Helbiz coin is a security - court desicion: on January 22, 2021

Helbiz may face a Federal Securities Fraud case

Giulio Profumo - involvement in Helbiz fraud

Giulio Profumo is a Chief Financial Officer of Helbiz. Official statements say that he joined Helbiz in October 2018, but the truth is before this Guilio Profumo was an adviser of Helbiz ICO sinсe February 2018. Helbiz raised close to $ 40m via ICO and Helbiz coin holders lost their money.

During the 2018 year, Giulio Profumo helps Salvatore Palella promotes the Helbiz coin and pump its price. Helbiz coins that weren't sold during ICO, they were sold at the second market, and money was moved to Helbiz team pockets. At the same time officially they said that "all Helbiz partners were compensated in Helbiz coin".

Salvatore Palella welcome Giulio as a CFO on June 2018 as a part of pumping Helbiz coin price. Giulio went to China with Johnatan Hannestad in August.

In the 2019 year, Salvatore Palella decided to do Helbiz IPO, but how to do it with the crypto background? So, Palella decided just to make it looks like it was the ICO of Helbiz partner, not Helbiz. He deleted all information related to Helbiz coin, hired lawyers to attack Helbiz coin investors, and started to raise money from new investors, but venture investors this time.

Giulio Profumo is the main person that attract institutional investors to Helbiz and helps Palella to make a new pump.