SEC Requests UK’s Intervention to Force Telegram’s Former Advisor to Testify
Adrian Zmudzinski's original article for cointelegraph.com reduced by 71%
The United States Securities and Exchange Commission asked the High Court of England and Wales to force Telegram's former chief investment advisor John Hyman to testify in the case over the firm's Grams tokens offering. As Cointelegraph previously reported, the SEC is convinced that Telegram's Grams tokens are unregistered securities. According to the regulator, Telegram claimed that its Grams Purchase Agreements but did not claim the same about the actual tokens.
Per the filing, the SEC is looking to obtain Hyman's testimony because of his involvement in Telegram's fundraising efforts. According to the documents, Telegram CEO Pavel Durov defined him in January last year as the person who "Runs the distribution of Grams." According to the filing, the SEC attorney previously contacted Hyman's counsel and Hyman agreed to appear for a voluntary deposition. Still, later Hyman's counsel allegedly "Refused to return multiple phone calls and emails regarding Mr.
Hyman's deposition." Other than his testimony, the SEC is also looking to obtain copies of Hyman's written communications with Telegram's leadership and investors, documents about his employment at Telegram and his own investment in grams.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.