Ex-VP of Vk to be Responsible for TON ICO, Media Says

Ilya Perekopsky worked at the most popular Russian social network from 2008 to 2014
05 April 2018   193

Former vice-president of the most popular Russian social network "VKontakte" Ilya Perekopsky moved to another project of Pavel Durov - Telegram. According to sources of Russian media RBk, the appointment is due to the ICO of the messenger.

Perekopsky himself confirmed his appointment to Telegram, where he will be responsible for "business development". He also noted that he joined the new position of vice-president of the company from the beginning of this year.

Two sources of RBK in the market of cryptocurrencies told that Perekopsky is also in charge of ICO of Telegram, but he himself declined to answer the question about whether the development of the TON and ICO  will be part of his task.

Ilya Perekopsky worked in VKontakte from 2008 to January 2014 - he was responsible for business operations of the social network. He is familiar with Durov from the university, where they studied on the same course of the philology department of St. Petersburg State University. After VKontakte, Perekopsky became Business Development Director of Blackmoon Financial Group, and in 2017 took part in the creation of the Blackmoon Crypto.

In late March, Telegram's CEO Pavel Durov reported to the US Securities and Exchange Commission on attracting $ 850 million from 94 investors in the second phase of the closed ICO of TON. The minimum investment amount was $ 1 million. The document is published on the SEC website.

Earlier in the pre-sale phase, Telegram attracted $ 850 million from 81 investors. At the pre-sale stage, some sources claimed that Telegram received bids for $ 3.8 billion.

Tezos Co-Founder penaltied by Wall Street Regulator

Tezos co-founder Arthur Breitman is punished with a fine and a trading veto for two years by The Financial Industry Regulatory Authority (FINRA)
20 April 2018   117

The Wall Street regulatory institution has come to a adjudgement with Breitman after he was indicted of producing false statements about his side venture (Tezos) while he was actually employed at Morgan Stanley. All registered FINRA securities specialists are demanded to report any for-profit activity outside of their stated employment if there is “reasonable expectation of compensation.”

The regulatory activity started from a Reuters article published in October that discovered Breitman, who is filed with FINRA as a French citizen, never disclosed hise work for Tezos while still employed at Morgan Stanley within the years of 2014-2015.

Together with the other proofs published in Reuters` article is a business plan written in 2015 that lists Brietmen as chief executive and makes projections on the potential for the company to be worth as much as 20 billion dollars over 15 years.  They also cited two papers Breitman penned under the pseudonym L.M. Goodman about Tezos, showing that he purposely hid his connection with the firm.

FINRA enclosed that “Breitman did not notify Morgan Stanley at any time that he was engaging in these outside business activities.” The adjudgement conditions of April 18 are that Breitman shun any broker-deals for 2 years and pay a $20,000 fine. Breitman neither accept nor disclaim the indictments.

The settlement with FINRA is unrelated to and has no impact on the launch of the Tezos network. Arthur cooperated fully with FINRA at all times and Arthur is pleased to put this personal matter behind him.
Sarah Lightdale, lawyer of Arthur Breitman

Last July the Tezos foundation increased for $232 million from their initial coin offering to found the blockchain network for smart contracts but still haven’t delivered any of the cryptocurrency to supporters because of infighting and legal problems in and outside of the boardroom.