The Helbiz team had ICO in 2018.
Helbiz coin holders lost their money.
Now Helbiz is going to IPO on NASDAQ.
Helbiz coin holders filed a class-action case against Helbiz Inc., Salvatore Palella and others.
Case filed in New York Southern District Court on June 19, 2020
The Helbiz coin is a security - court desicion: on January 22, 2021

Is this a SCAM? Helbiz Team

10.05.19
As we said before, there are approx. 80 persons in a few cities that work in Helbiz project, which raised money from ICO ($35 million). Helbiz team uses different legal entities to hide, that Helbiz team got money from tokensale to develop Helbiz
We will tell you about a few key persons and their experience, that, probably, scammed ICO investors and Helbiz coin holders and Hebiz coin holders, create product, and finally, Helbiz project operates by Helbiz Inc. that prudently wasn't use for ICO. Helbiz team deleted all information about Helbiz ICO,ignore investors. Investors lost their money for -94%.


This team tries to hide all connections between Helbiz project and ICO. At the same time Helbiz team request sources such as YouTube by Helbiz Inc. They try take-down content, connected with ICO, as copyring by Helbiz Inc.

CEO of Helbiz is Salvatore Palella

First, the main person, founder, and CEO of Helbiz is Salvatore Palella. He is a known person in Italy:

1. He was a president of a football club, "Acireale Calcio", and finally, you can Google information - as we found, the club was declared bankrupt, and people didn't get their salary.

2. Witamine company bankrupt

As we understand, the history of the first Palella's startup "Witamine" finished in March 2019. The company was declared bankruptcy by Milano's court.

3. Helbiz salary

Based on PRELIMINARY PROXY STATEMENT in SEC Helbiz financial report for 2020 year shows $4,4m dollars revenue and $24,5m net loss (page 37).

At the same time Salvatore Palella has $825,000 salary, $410,000 bonuses and $210,000 compensation for 2020 year (page 238). It's total $1,445,000.

As of December 31, 2019, the Company had extended interest-free loans with no set repayment term to Salvatore Palella, its majority shareholder and sole director, in the amount of $1,382,000 (page 163)

So, do you understand what to expect from Helbiz's IPO?
In our opinion Salvatore Palella, looks like person, that only knows how to get money from companies for his personal benefit.

СFO of Helbiz is Giulio Profumo


The second key person is Giulio Profumo — Chief Financial officer in the Helbiz team from ICO.

Giulio is a former investment banker at Rothschild and Citigroup, and probably use his ties to attract institutional investors to Helbiz.

"Helbiz Inc., a micro-mobility leader, which has entered into an agreement to merge with GreenVision Acquisition Corp. (Nasdaq: GRNV), today announced it has entered into a $15.0 million secured term loan facility with an institutional lender. The loan was funded in full on March 23, 2021."

Сountry manager Italy Luca Santambrogio

The third key person is Luca Santambrogio.

1. During Helbiz ICO , Helbiz had support manager that contacted with ICO investors and Helbiz coin holders at Bitcointalk topic and Telegram chat. We guess this was Luca Santambordgio.

At the same time, Luca is a cousin of Lorenzo Pellegrino.
Lorenzo Pellegrino, CEO of Skrill, was an advisor of Helbiz ICO.
Helbiz had strategic session in Skrill Office in London.



So, do you trust your money for this young Country Manager?

Lead Blockchain Developer of Helbiz. It is Carlos Beltran

The fourth key person is the Lead Blockchain Developer, it's Carlos Beltran.

Carlos has articles on the medium about Blockchain, and write some tech-updates about Helbiz. For example, HBZ payments — A technical perspective.

For current time Carlos ignores all ICO investor's and Helbiz coin holders requests and doesn't confirm or disapprove that the Helbiz Pay system is developing now and Helbiz coin (HBZ token) works.

The rest of the Helbiz Team you can get it at Linkedin, Pallela's Instagram, etc.