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
03.12.20

Skip involvement in Helbiz fraud

Skip, the first company to bring e-scooters to D.C., to be acquired by competitor Helbiz. Skip announced they are excited to partner with the Helbiz team:

Second, we’re spinning out our scooter sharing operations in Washington DC to our friends at Helbiz, the leading shared micromobility operator in Italy. Today, Helbiz already operates electric bikes and scooters in US cities like Miami, Atlanta, and Washington DC, and we’re excited to partner with them as they expand further in the US and globally.

Salvatore Palella, Helbiz founder and CEO, boast that this deal will allow the Helbiz to expand its presence in the United States.

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

1. Skip did the weak due diligence of Helbiz and doesn't know the background of Helbiz capital.
2. Or Skip knows everything, and the founders and C-level of Skip 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 Skip side, the deal was controlled by Sanjay Dastoor, the Skip Founder and CEO.

Look at his involvement in this story here.

So, make you conclusions!