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
05.08.20

Mimoto involvement in Helbiz fraud

Helbiz has announced that it will has deal to acquire MiMoto to scale Moped sharing in Italy.

The agreement, which is the first step in the acquisition process of MiMoto, conditioned by the next IPO on the American stock exchange (NASDAQ) by the American company of e-bikes and electric scooters, has as its object the implementation of a plan that allows the integration of Helbiz's platforms for using electric vehicles (bicycles and electric scooters) with those of MiMoto (electric scooters). The acquisition will allow the development of the first sharing application of electric vehicles only with free-floating operation able to offer end consumers such a wide range of vehicle types (mopeds, scooters, and electric bikes).

“This agreement - unanimously affirm the three founders of MiMoto Alessandro Vincenti , Gianluca Iorio and Vittorio Muratore - is only a first step that will lead MiMoto to be acquired by Helbiz. Together we have a complementary offer and resources and it will be challenging to accelerate the development of a business model focused on agile and green mirco-mobility services. The internationalization processes and the revision of the application are two immediate first steps that will see us engaged with the Helbiz team to allow our users to share electric scooters and e-bikes as well as our scooters."

Salvatore Palella, Helbiz founder and CEO, boast this future deal:

What does it mean and how Mimoto 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, Mimoto made the deal with Helbiz and helps Helbiz to do an IPO. It looks like:

1. Mimoto did the weak due diligence of Helbiz and doesn't know the background of Helbiz capital.
2. Or Mimoto knows everything, and the founders and C-level of Mimoto don't care about this ICO and Helbiz coin story and going to IPO with Helbiz to raise investors money.

Anyway, it looks strange. From the Mimoto side, the deal was controlled by Alessandro Vincenti, Gianluca Iorio and Vittorio Muratore, the Mimoto founders.

So, make you conclusions!