Anonymous Twitter user accuses crypto lender Nexo of embezzlement of donations.
foundation which raises funds for various goodwill causes. Another two co-founders — former Member of Parliament and managing partner at Nexo Antoni Trenchev and Georgi Shulev — have been mentioned as well.
One of the allegations is that donated money had been used to purchase real estate and finance personal travels. Another is that the charity handed out huge salaries and commissions to its management and staff, the total of which exceeded a 5-percent cap on such expenses, while also writing large invoices to related companies. Helpkarma withholds a portion of the received donations to finance its operations. Kosta Kantchev has been presented as the beneficial owner of both Nexo and Credissimo.
“Nexo and the Bulgarian non-profit charity, accused of wrongdoing, have not and never had any common operations, common beneficial owners, or common management,” the crypto platform insisted. It also published ato the unidentified individual or group behind the tweets, accusing them of “malicious spreading of inaccurate, fake and unfounded information… with the sole intention to disparage, defame and discredit Nexo.
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