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
13.04.21

Lee Stern, former MD at Monroe Capital - involvement in Helbiz fraud

Lee Stern, former MD at Monroe Capital will join Helbiz's Board of Directors once the merger with GreenVision is finalized.

"I am pleased to join the Board of Helbiz and to help Salvatore and the rest of his team build a very exciting next generation company with great potential." - Lee says.

Actually, it's ridiculous. The Helbiz team raised money through ICO and token sale in 2018, cheated all investors, and built Helbiz... And Lee are going to help Salvatore Palella to go on.

What does it mean and how Lee 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, Lee Stern helps to Helbiz to do an IPO and praises Helbiz... It looks like:

- Lee Stern has close ties with Helbiz to join them, despite of so unclear background
- Lee Stern is dishonest persons that are ready to work with any scammers for a good salary
- Lee Stern doesn't know about Helbiz background, so he has done a weak due diligence...?

So, make you conclusions!