Several investors in a non -fungible token project (NFT), hashling NFT, have accused their founder to improperly appropriate millions of dollars in project profits and a very tied Bitcoin mining operation.
According to the presentation of the Court of May 14 in Illinois, the plaintiffs claim that their former commercial partner, Jonathan Mills, a song about the transfer of Hft assets and at least $ 3 million of the Bitcoin Lcy Lcy labs labs mining project, which Mills is the founder and CEO of.
The plaintiffs have fraud and breach factories of the fiduciary duty, claiming that they have not recovered any of the capital yields that it allegedly promised.
They also claim to have raised $ 1.46 million combined with two NFT falls in the block chains of Solana and Bitcoin, but did not receive any performance of their investment.
Mills allegedly began to fantant them shortly after, according to the plaintiffs, and added that he created a defective shareholders agreement to falsely support his claim that the company holders controlled the assets of the projects.
This was “full of errors” to support their lie, the plaintiffs said.
Mills, Mills, received a 67% participation in 67% of capital participation in work test laboratories (before I rename Satoshi Labs), while several other investors contributed up to $ 20,000 to the company.
He allegedly assured them that their capital bets would remain unchanged despite the name change.
Mills also a 67% voting participation on all matters that are related to work test laboratories (at that time), while no other partner hero more than 2%.
Cointelegraph contacted Mills but did not receive an immediate response.
Mills supposedly did not know much about NFTS
The Hashling NFT project was born from a different idea that Mills had initially discussed with one of the plaintiffs, Dustin Steerman, who initially established with Mills of previous collaborations.
They continued with Hashling’s NFT project even though the factories initially tell Steerman that he had no money or NFT experience to contribute to the project.
Related: Bitcoin NFTS exceeds Ronin in historical sales
“[Mills] I had the will to help boost the project forward, and made an idea at the beginning, ”said the investor’s lawyer, Clinton Ind or LEGAL GROUP LLC to Law360.
“Although that was the final idea, he embodied it, and … all the children or enjoyed working together in those first internships.”
To ensure that the success of Hashling’s NFT projects, Mills and Steerman will recruit other investors, now also to the plaintiffs, to help with everything, from NFT art and marketing in social networks to the Ettding NFT conferences in New York.
Mills even got his girlfriend to invest in the NFTS project of Hachís, said the plaintiffs.
In addition to fraud and breach of fiduciary actions, the plaintiffs also requested constructive confidence on project assets and complete legal restitution.
Magazine: Danger signs for Bitcoin as retail trade abandons the institutions: Sky Wee
