Recently there have been many rumors about one of Venom foundation (VENOM) founders Alibek Issaev being a scammer and wanted by interpol, the Russian Federation and the UAE for various frauds, money laundering and even murder and terrorism. While I've only found low quality news sources talking about this: https://www.trinitybugle.com/world/alibek-issaev-sank-in-his-own-venom-the-scam-is-collapsing.html , our legal council ran a background check on Alibek Issaev and found that there are indeed legal proceedings ongoing in the UAE and Russia. Here were his findings:
-
There were two interpol red notices against Alibek in 2015. Both these notices were later on cancelled. As of now, there are no interpol notices against him.
-
There are ongoing legal proceedings against Alibek in Russia in his individual capacity.
-
There are ongoing legal proceedings against Alibek in the UAE in his individual capacity. These proceedings pertain to fraud, cheating and non-payment of debts.
-
There are no proceedings against him for murders or terrorism.
-
Venom is licensed in ADGM and at present, there are no proceedings or investigations against it. There That said, however, depending on the outcome of point 3 above (and to certain extent point 2) as well as the money trail, the proceeds of Venom as well as ownership of Venom might be taken over by creditors. There are seven entities in total. Whilst Alibek has never been a director or shareholder of either of these entities, he may be a beneficial owner (the register unfortunately is not accessible).
In summary, I believe that this warrants a one star review in team. Even if Alibek ends up being completely separated from the project, the harm that his reputation will bring to the project will be irreparable. The project already has a damning reputation which I don't think they'll be able to recover from. Show Less
