The Annual General Meeting (AGM) of Veltyco is a pivotal event—not just for its shareholders, but also for the victims of numerous fraudulent schemes orchestrated by its founder and major shareholder, Uwe Lenhoff. Lenhoff, who was arrested earlier this year on charges of financial crime, money laundering, and investment fraud, remains in custody awaiting prosecution.
Veltyco’s Ties to Major Scams
Under Lenhoff’s control, Veltyco was linked to large-scale binary options and broker scams, including:
- Option888
- TradoVest
- XMarkets
- LottoPalace (lottery betting site)
Veltyco was heavily involved in the marketing of these schemes, playing a key role in recruiting new victims. Despite these serious allegations, the AGM agenda does not mention Lenhoff’s arrest or the impact of these fraudulent operations on the company’s financial health. This lack of transparency raises serious concerns about the board’s integrity.
Key Issues Being Ignored at the AGM
The AGM, set for September 19, 2019, at Estera Trust (Isle of Man) Ltd, presents a critical opportunity for shareholders to demand accountability. However, several major financial and legal concerns remain unaddressed:
- Re-election of Marcel Noordeloos – Despite his close ties to Uwe Lenhoff and involvement in various questionable activities under investigation, Noordeloos seeks re-election as director.
- Financial Claims from Velmont Podgorica DOO – Veltyco could face substantial financial liabilities from its Montenegrin subsidiary, as confirmed by a law firm in Belgrade.
- Hidden Financial Burdens – The company has failed to disclose its obligations related to Lenhoff’s scams and the false balance sheets of the past two years.
- Potential Liabilities in Bulgaria – Veltyco Bulgaria EOOD and Winslet Enterprises EOOD (Bulgaria), both linked to Lenhoff, could bring further legal and financial claims against the company.
Call for Transparency and Action
The board’s deliberate avoidance of these critical issues is highly concerning. FinTelegram, in collaboration with EFRI, will be launching a Veltyco fund recovery campaign, urging:
- Shareholders and creditors to demand accountability
- Scam victims to seek legal action against Veltyco
- AGM attendees to ask direct, critical questions to the board
FinTelegram has already contacted several Veltyco shareholders, encouraging them to attend the AGM and formally record their concerns.
Conclusion: A Test for Veltyco’s Board
This AGM is more than a routine meeting—it is a test of Veltyco’s willingness to address its deep-rooted issues. The board’s refusal to acknowledge Lenhoff’s fraudulent operations and the resulting financial impact only deepens suspicions of misconduct.
Will the board continue to conceal the truth, or will shareholders demand the transparency and accountability they deserve? The AGM will reveal the direction Veltyco chooses to take.
The Annual General Meeting (AGM) of Veltyco is a pivotal event—not just for its shareholders, but also for the victims of numerous fraudulent schemes orchestrated by its founder and major shareholder, Uwe Lenhoff. Lenhoff, who was arrested earlier this year on charges of financial crime, money laundering, and investment fraud, remains in custody awaiting prosecution.
Veltyco’s Ties to Major Scams
Under Lenhoff’s control, Veltyco was linked to large-scale binary options and broker scams, including:
- Option888
- TradoVest
- XMarkets
- LottoPalace (lottery betting site)
Veltyco was heavily involved in the marketing of these schemes, playing a key role in recruiting new victims. Despite these serious allegations, the AGM agenda does not mention Lenhoff’s arrest or the impact of these fraudulent operations on the company’s financial health. This lack of transparency raises serious concerns about the board’s integrity.
Key Issues Being Ignored at the AGM
The AGM, set for September 19, 2019, at Estera Trust (Isle of Man) Ltd, presents a critical opportunity for shareholders to demand accountability. However, several major financial and legal concerns remain unaddressed:
- Re-election of Marcel Noordeloos – Despite his close ties to Uwe Lenhoff and involvement in various questionable activities under investigation, Noordeloos seeks re-election as director.
- Financial Claims from Velmont Podgorica DOO – Veltyco could face substantial financial liabilities from its Montenegrin subsidiary, as confirmed by a law firm in Belgrade.
- Hidden Financial Burdens – The company has failed to disclose its obligations related to Lenhoff’s scams and the false balance sheets of the past two years.
- Potential Liabilities in Bulgaria – Veltyco Bulgaria EOOD and Winslet Enterprises EOOD (Bulgaria), both linked to Lenhoff, could bring further legal and financial claims against the company.
Call for Transparency and Action
The board’s deliberate avoidance of these critical issues is highly concerning. FinTelegram, in collaboration with EFRI, will be launching a Veltyco fund recovery campaign, urging:
- Shareholders and creditors to demand accountability
- Scam victims to seek legal action against Veltyco
- AGM attendees to ask direct, critical questions to the board
FinTelegram has already contacted several Veltyco shareholders, encouraging them to attend the AGM and formally record their concerns.
Conclusion: A Test for Veltyco’s Board
This AGM is more than a routine meeting—it is a test of Veltyco’s willingness to address its deep-rooted issues. The board’s refusal to acknowledge Lenhoff’s fraudulent operations and the resulting financial impact only deepens suspicions of misconduct.
Will the board continue to conceal the truth, or will shareholders demand the transparency and accountability they deserve? The AGM will reveal the direction Veltyco chooses to take.