Veltyco Group PLC on Wednesday said it raised GBP500,000 funds via the issue of 3.3 million shares at 15 pence each subscribed by existing investors. The firm will use the subscription proceeds to provide general working capital to the company and to pursue the recovery of overdue receivable balances owed to the group by companies of its founder Uwe LENHOFF. Furthermore, the company announced the resignment of the non-executive director Gilles OHANA and the appointment of Paul DUFFEN.
No Monies From Lenhoff
In the press release, VELTYCO said that no further payments having been received from either Celestial Trading Limited (“Celestial”) or Altair Entertainment N.V. (“Altair”). Both companies are beneficially owned by Uwe LENHOFF. Of the entire balance owed to the company, EUR9.3 million remains outstanding in respect of the online financial trading vertical, with EUR6.8 million being overdue from Celestial and EUR2.5 million being overdue from Altair.
“Given the above, the board is taking appropriate legal action in respect of recovering these outstanding amounts. However, there can be no certainty that the group will be able to recover all, or any, of the monies due to it from Celestial and/or Altair,” Veltyco said.Veltyco press release, Jan 30, 2018
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Office Raid Of Cologne
In February 2018, a German court ordered the raid of offices of the German B2G GmbH which operated Option888, a fraudulent and illegally operated binary options site in the VELTYCO network of companies. Unfortunately, neither VELTYCO nor its founder and then director Uwe LENHOFF
Office Raid In Sofia
According to documents available to FinTelegram, the police raided the offices of VELTYCO subsidiary VELTY BULGARIA. Evidently, the enforcement agencies were looking for evidence on the Option888 fraud scheme Uwe LENHOFF and VELTYCO GROUP have been involved in.
We do not yet have any detailed information on the results of the office
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