It is not the first time that Werner Boehm has
been the headlines for something wrong,
he has been in the headlines before
for various controversial activities. Earlier, Werner Boehm better known as the
former CEO of the blockchain payment service, BitRush, was in the news for
using deceitful ways to con the shareholders, which led to a lawsuit being
filed against him. As a result of which
on December 7, 2016, the majority of the board terminated him as the CEO.
The fraudulent case
against Boehm and his partners
Boehm also maintained a close relationship with
two of his partners Alfred Dobias of mezzcap and Elfriede. S. It is also said
that Boehm was operating from someplace in the United Kingdom which was also
used to host a number of companies and Boehm himself was the CEO of a lot of
these companies, obviously in partnership with the others involved in this con
case. Alfred. D and Elfriede had ties
with these companies and their own companies, forming a network through which
all the con activities were carried forward. Mezzcap ltd in the UK is one such
registered company, which had Boehm as the managing director and Alfred as an executive.
Then a court case was filed against Mezzcap by g
new team at BitRush, for Boehm's actions while he was the CEO of BitRush.
Although Boehm denied all the allegations and blamed other people for carrying
out money laundering services, this case continued till June 2018 when the
Canadian court held Boehm guilty for being deceitful and a fraud. As a result
of which Boehm was asked to pay CAD $ 560,000.00 from his other registered
company Mezzcap at an exchange rate of CAD $ 0.50 per share. Moreover, he had
to also pay CAD $ 225,000.00 as legal fees for the case.
Well, this is not the end and it is now expected
that BitRush would impose criminal case against Boehm and his partners that
were involved in the fraud and in the operation of the other registered
companies, in the hope that they will face jail term for their deceit and
contempt through all the false lies that they have told at BitRush and Mezzcap
and other registered companies held by Boehm.
Lesson learned by the
Boehm case
Werner Boehm is so good at coning that people still fall for his lies.
Overall, all we can make out from his handling of BitRush is that he is
deceitful. He told his shareholder's false facts and then denied them later on.
Then when he was removed as the CEO, he instead of accepting his fault accused
the shareholders of criminal offences and asked to report his claims to the
police.
To cut the story short, it is recommended to avoid a person like Boehm
who has just been going and slipping from one court to another. Although he
escaped conviction a number of times, the court finally found him guilty for
misappropriate use of money and shares, for failing to stick to his agreements
and for oppressive behaviour.
