Micromobility.com Inc. must face allegations that they participated in a crypto pump-and-dump scheme making false promises about HelbizCoin, a judge said in a ruling.
Judge Louis Stanton partially granted defendants’ motions to dismiss claims related to the alleged fraud, but otherwise denied their bids to toss the case in its entirety after a remand from the US Court of Appeals for the 2nd Circuit.
“The Helbiz cryptocurrency fraud robbed people of their life savings and ruined whole families,” said Michael Kanovitz, partner at Loevy & Loevy who represents plaintiffs. “This misconduct is not only atrocious, it is documented on …
