In our effort to provide transparency for Envion investors, we have translated the recent judgement against Michael Luckow and Trado, in which they are court ordered to return the embezzled CHF millions of investor funds to the liquidator, so that these fund can be distributed to the investors in the liquidation proceedings. This judgement is a major win for investors, as it not only makes sure that approx. 2400 ETH of embezzled funds can be returned to the liquidation estate, but it also establishes the legal principles enabling the liquidator to force founders (in future lawsuits) to also return the remaining approx. 525 BTC and 7400 ETH they embezzled. So here we go
The juicy details of this judgement reveal founders’ complete disregard for the law, including being caught red handed lying to the court, providing false testimony, and their elaborate efforts to hide their schemes with fictional companies and sham transactions.
As this judgement highlights, the founders have embezzled large sums of investor money, and are guilty of criminal offenses under German law.
The important legal consequence of the recent court case is that both Michael Luckow privately as well as Trado are jointly and individually liable for the full amount of the embezzled money, and it is irrelevant in which currency it currently exists or whether they have sold/transferred/otherwise fucked around with it.
In the most active Telegram group where Envion investors gather we can read some excellent comments about the verdict:
The Liquidator’s court case(s) is/are the best bet for investors to get their money back. Or, in other words, the money has already been embezzled by founders, it is gone already; now, there is a good chance to get it back.
Based upon the legal arguments of the court in this current injunction hearing, legally there is a very good chance to eventually get the full 525 BTC and 9800 ETH back into the hands of the Liquidator (to be then distributed to investors) via the already filed lawsuits. If that money is already spent, ML has to reimburse it from his own pockets and once that is depleted, has to work for the rest of his life to pay it back or else declare private bankruptcy.
source: Envion investors group on telegram
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