Post
Topic
Board Announcements (Altcoins)
Re: RISE | ICO OPEN | 8 DAYS LEFT | MAINNET SOON | OVER HALF MILLION $ IN DEV FUNDS
by
Admiral_Bit
on 16/06/2016, 15:30:56 UTC
I have reconsidered and would like to reclaim my invested bitcoins. What is the process here? Can a rise admin please advise...

Legal reminder
I am acting in accordance with my local distance selling act. If my invested btc amount is not returned by june 17th EOB matters will be enforced by my legal costs insurance...

BTW: this is not a joke. Since the rise Vision page misses a transparent legal disclaimer regarding potential refunds (i never confirmed any business terms...) i hereby demand my Investment to be returned...

In accordance with our terms stated clearly on the ICO page and the fact that all funds are locked in escrow, we are not in a position to provide refunds.



Hello there,

from a legal Point of view, this Information does not unbind you from the implementation of proper business terms. There is no confirmation what so ever (i.e. I hereby understand, that all investements are non-refundable) when creating a rise Profile.

Actually the rise Profile page does not give any Information regarding the Investment procedure. When it comes to financial transactions you are obligated to implement proper Business Terms. And moreover, you are required to have them confirmed by the user before you process any transactions.

The RISE ICO  violates FDIC regulation Act 6500 which clearly states:

"§ 1005.4 General disclosure requirements; jointly offered services.

(a)(1)  Form of disclosures. Disclosures required under this part shall be clear and readily understandable, in writing, and in a form the consumer may keep, except as otherwise provided in this part. The disclosures required by this part may be provided to the consumer in electronic form, subject to compliance with the consumer-consent and other applicable provisions of the Electronic Signatures in Global and National Commerce Act (E-Sign Act) (15 U.S.C. 7001 et seq.). A financial institution may use commonly accepted or readily understandable abbreviations in complying with the disclosure requirements of this part.


My lawyer (who i dont even have to pay since i have proper insurance) will have a legal complaint ready by next week. Please consider the financial and reputational impact to your Enterprise which comes along with an international lawsuit.

I´d really like to resolve my refund request without legal implications. Please reconsider...