LAToken Lists “Ghost” Advisor Without Consent

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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.”

 

 

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

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.

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

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