Energy News / Shareholders Foundation, Inc.

Monkey Capital ICO Investor Notice: Lawsuit Alleges Violations of Securities Laws

Via: ReleaseWire

Updated 11:00 AM CST, Thu, January 25,2018

A lawsuit was filed on behalf of investors in the Monkey Capital ICO over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 01/25/2018 -- The Shareholders Foundation announces that an investor in the Monkey Capital ICO filed a lawsuit over alleged violations of Federal Securities Laws in connection with the scheduled-but-cancelled 2017 Monkey Capital ICO (initial coin offering).

Those who invested a significant amount in the Monkey Capital ICO have certain options and for certain investors are short and strict deadlines running. Deadline: March 12, 2018 Monkey Capital ICO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that Monkey Capital LLC, Monkey Capital Inc., and the companies' founder and principal fraudulently promoted an ICO and engaged in an unregistered offering and sale of securities that violated numerous state and federal securities laws, including Sections 5, 12(a), 15, and 17(a) of the Securities Act of 1933, 15 U.S.C. ยงยง 77e, 77l(a), 77o, and 77q(a).

Furthermore, the plaintiff claims that the defendants postponed the original ICO commencement date mid July 2017 to early August and stated that the ICO period would remain open until early September. However, so the plaintiff, past early August 2017 no ICO was commenced and instead, at or about that time, Monkey Capital's fundraising website disappeared.

Those who invested a significant amount in the Monkey Capital ICO, you have certain options and for certain investors are short and strict deadlines running. Deadline: March 12, 2018. Monkey Capital ICO investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/monkey-capital-ico-investor-notice-lawsuit-alleges-violations-of-securities-laws-922290.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com