Post
Topic
Board Legal
Re: I need help/advice on how to efficiently recover money invested in an ICO
by
CYPER
on 21/03/2024, 19:44:28 UTC
~snip~
The main thing is there are assets (properties) that are still standing and being used to generate income. I know the exact buildings, locations, etc. They are listed on Booking.com and on the developer website too. I have copies of the deeds/titles of said properties.


~snip~
Then a number of properties were purchased in Thailand and I started receiving rent until COVID hit us.


I have no doubt that the properties are there, but the question is who are the owners who rent them out - it is possible that they are not the people behind the ICO in which you invested. It is possible that the real estate has been sold, and that seems the most logical - because if your business goes downhill, you can also face claims from clients, and then why risk something that can be seized and sold at auction.

What you need is a good lawyer who is familiar with real estate and also knows something about ICO/cryptocurrencies + to go with him to Thailand and try to find out on the spot who the owners of those properties are.

Yes, but I am uncertain in which country it would be best to look for a lawyer? Europe? Thailand?

In terms of ownership of the properties, the documents that were uploaded to their platform were:
Property titles in Thai
Lease agreements for each apartment
Property management agreement for all properties

I assume these can be checked by a local solicitor.