LAToken Lists “Ghost” Advisor Without Consent

November 2017
By Sam
Posted: Updated:

Updated: I’ve removed the portion about Anish Mohammed here. He had a contract with Zalogo Management, which is the parent of LAToken. Anish had given his termination of advisory services to them at the point when I contacted him and by the contract LAToken had 30 days to remove him from the site, which they have done. It was miscommunication on my part and I have edited the article as such.


Since I’ve published this article I have also received the following communication from LAT staff members.


After my review of LAToken a few months back I pretty much forgot about them because there were more exciting, promising ICO’s to take a look at. Then, a few weeks ago, a former employee of theirs contacted me and provided me with info, of which I chose not publish because I couldn’t verify the content of his story.

In coming to the decision not to publish this info, I started to look into the company a bit more. I checked out their registration documents, where the company was paying tax, and also, who was connected to them. I also contacted everyone else on their page. I quickly got a reply from Ranier Michael Preiss. He also said that he met with LAToken once at a conference and then never had any other involvement. He then contacted LAtoken and left a scalding message asking to be taken off the page.

This “advisor” was listed on LAToken’s team page for the entirety of the token sale and their namesake was used to raise over 17 million USD.

Please share this and I am waiting for LAToken to validate every other member of their team and possibly give refunds to those people who invested into the company based on their “advisor.”



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  1. Ryan Anderson / November 8, 2017 at 12:54 pm /Reply

    What a shame. They for sure are a scam. Ever since i called them out for being a scam they locked me out the wallet. I’ve been wanting to sell when the price opened up lower then I paid pre sale. Let me know if you would like my testimony. I

  2. Terrence A. / November 8, 2017 at 10:54 pm /Reply

    They need to issue a full refund in eth to everyone who invested. This is straight up fraud and misleading the public. If nothing comes of this I hope there is a massive class action lawsuit filed against Latoken and I hope the CEO himself is found liable. Their insurance company is not going to be happy about this.

    • Edward / November 9, 2017 at 4:13 pm /Reply

      Terrence if you get this, or anyone else who is unhappy please email me at

  3. Siva / November 16, 2017 at 9:18 pm /Reply

    We are creating a Petition to sue LATOKEN for launching this fraudulent product and just dumping the amount of the individuals.

    • AZ / November 20, 2017 at 10:25 pm /Reply

      To have more unhappy/dumped investors participate in your petition, please post more information about it on this side. Petition in what country? What is possible to do? Thank you.

    • paul / December 1, 2017 at 9:06 am /Reply

      hi Siva,

      please join other pissed LAToken investors

  4. paul / December 1, 2017 at 9:05 am /Reply

    Any unhappy LAToken investors out there please join our Telegram group

  5. Advisor / January 21, 2018 at 9:17 am /Reply


    please contact me if you want more details on LAToken questionable activities. I was also almost tricked by them at some point.

    For public and Crypto community: be alarmed and advised to be very careful with LAToken as multiple scam warnings have been given already and any other ICO out there that acts like this. Especially since there are plenty of immaculate projects worth your attention and investments!

  6. Anonymous / May 29, 2018 at 6:28 pm /Reply

    please help!
    my cypto withdrawal has been executed and the withdrawal has not yet arrived and its been 5 days now and nothing has been done ?

    Does anyone has this experience ?

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