Thread by @intel_jakal

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Nexo review March 2020

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Nexo review March 2020 (cont.)ç

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Nexo review March 2020 (cont.)

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Nexo review March 2020 (cont.)

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Nexo review March 2020 (cont.)

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Nexo review March 2020 (cont.)

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Nexo review March 2020 (cont.)
Next up ….
15-minute drill down into a couple of Nexo entities that I could easily source.
But wait….there’s more

Let's review Nexo AG the Swiss company setup in 2018. As I only gave my self 15 mins to drill into Nexo..lets focus on one name "Georgi Shulev"

Fast forward to Nexo AG's current structure....Shulev has exited.....but where did he go?

Lets flip over to Nexo's UK entities incorporated mid 2020 (note the timing....only a couple of months after ripping through their flimsy TOS).
Note: Shulev is not part of Nexo UK but there's this other entity NPEM Ltd

Two Nexo Directors and a former are related to NPEM so what is it? Well essentially a UK shell with 5k in assets and a static web page built on Wix......
npemservices.com
Lets put that aside and see if we can find what Shulev is up to.

So looks like since beginning of 2021 he's been working on a company called #finblox .... I vaguely recognised the name.

Oh its one of those.....earn zillions risk free forever....until now.....

#finblox is well and truely cooked @davidgerard has already stuck the fork in. I'm soo late to the party on this.

What does it mean for #nexo.....I'll have. another look tomorrow but its hard to see how they aren't exposed as every other participant in the perpetual motion rehypothetication shitshow.

Nexo AG, Defendant
Nexo Capital Inc., Defendant
Nexo Financial LLC, Defendant
Nexo Financial Services Ltd., Defendant
Nexo Services OU, Defendant

Worth a read.....

storage.courtlistener.com/recap/gov.usco…

Followed by this #nexo Jan 2022
ORDER GRANTING IN PART AND DENYING IN PART MOTION TO DISMISS

govinfo.gov/content/pkg/US…

A short summary

rochefreedman.com/nexo-users-say…