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

Massimo Ponzellini - involvement in Helbiz fraud

Massimo Ponzellini is the adviser and, probably, one of Helbiz investors. No one knows about this figure behind Salvatore Palella. Who is Massimo Ponzellini? He is an Italian banker, that was chairman of the Italian bank Popolare di Milano. Massimo was arrested in Italy, in 2012 year by Milan prosecutors in connection with an investigation into corruption schemas.

Previously, Massimo Ponzellini has also held senior positions at the European Bank for Reconstruction & Development, and the European Investment Bank.

Ponzellini was accused of fraudulently arranging loans worth €230 million in exchange for bribes.

In December 2017, he got by the Milano court one and a half years in prison. In November 2019, the Milan Court of Appeal dropped the criminal charges against him, and the private corruption offense was dropped.

Domani mass-media article says Massino is one of the persons behind the Wall Street climb of Salvatore Palella.

The first time Palella showed Massino in his Instagram story was in July 2019 from Wilton restaurant in London. It was the time, when Helbiz already sold all Helbiz coins, scammed ICO investors, and started new fundraising with IPO story.

In October 2019, Massimo with other investors visited the Helbiz office. We don't know was Massimo one of Helbiz investors, or just helped Helbiz to attract investors.

During the following years, Massimo helped Helbiz and Salvatore Palella with IPO and probably attracted venture investors. As a Palella's friend, Massimo celebrated Palella's son's birthday. It's funny, but Massimo also uses Linkedin and praises the Helbiz team.

What does it mean and how Massimo 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.

Massimo is the person that was involved in this story from the beginning and helps Helbiz to do an IPO. It looks like:

- Massimo Ponzellini has close ties with Salvatore Palella and Helbiz team
- Probably, Massimo Ponzellini invest to Helbiz after ICO scam and attracted other venture investors
- Massimo is a dishonest person that is ready to work with his scammers friends to embezzling investors money and pump Helbiz stocks on NASDAQ

So, make you conclusions!