Telegram refuses to share financial data with the SEC ICO
"At the present time, the defendants refuse to disclose financial information about how they spent $1.7 billion raised from investors in the last two years, as well as answer questions about the distribution of these funds", — stated in the filed SEC court documents.
The request also States that the plaintiff intends to "compel the defendant to answer questions and provide documents concerning the amounts, sources of funds and their use in connection with the sale of unregistered securities".
"The requested documents are very important for the proceedings in the case, which includes questions about the amount spent Telegram funds for the development of the blockchain TON preparing for integration of the app Telegram Messenger, and other related components", — is spoken in documents of the Agency.
financemagnates.com/cryptocurrency/news/telegram-refuses-to-share-ico-financials-with-the-sec
Translated using Yandex.API
"At the present time, the defendants refuse to disclose financial information about how they spent $1.7 billion raised from investors in the last two years, as well as answer questions about the distribution of these funds", — stated in the filed SEC court documents.
The request also States that the plaintiff intends to "compel the defendant to answer questions and provide documents concerning the amounts, sources of funds and their use in connection with the sale of unregistered securities".
"The requested documents are very important for the proceedings in the case, which includes questions about the amount spent Telegram funds for the development of the blockchain TON preparing for integration of the app Telegram Messenger, and other related components", — is spoken in documents of the Agency.
financemagnates.com/cryptocurrency/news/telegram-refuses-to-share-ico-financials-with-the-sec
Translated using Yandex.API
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