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This article was updated to reflect Ran Neuner's comments on his involvement in the project.
The man behind the initial offer of coins "Blockchain Terminal" (BCT) (ICO) was ousted as a financial criminal who hid his previous identity from employees and investors. An investigation of the circumstances was published December 11 on The Block Crypto
The BCT project and its affiliated company, CG Blockchain, have been accused of raising up to $ 31 million in an ICO to launch an encrypted version of the ubiquitous "Bloomberg Terminal" – a highly successful financial instrument for the exchange of data and traditional financial sector.
According to the report, the "institutional" "BCT" lucid tool for encrypted "trade professionals" had a man who operated as "Shaun MacDonald" at the helm, but was actually a convicted fraudster, Boaz Manor, who had received a four- a year in prison in Canada in 2012 for stealing $ 106 million from a Toronto hedge fund he co-founded.
The Canadian fund would have had $ 800 million in assets under management at 26,000 investors: Manor was also convicted of using investor money to buy $ 8.8 million diamonds that then disappeared.
Having consented to a lifelong ban from the securities industry, Manor-turned-MacDonald denied his conviction and identity from his colleagues to the BCT, reportedly "grow a beard and [dying] his red hair. "While formally awarding the company's presidency to Bob Bonomo – former chief information officer at the $ 500 billion asset management company AllianceBernstein – MacDonald was reported as the main engine behind the BCT firm.
Even though he has marketed his $ 999 "Terminal Blockchain" for encrypted hedge funds – a 32-inch "HD terminal" with a private hardware key – it is assumed that the company has raised most of its funds through a profitable ICO from $ 31 million for its BCT native token, launched in September 2017.
One of the project's alleged investors is the high-profile crypto analyst and host of the CNBC Cryptotrader show Ran Neuner, who tweeted his approval of Blockchain Terminal in June, and is presumed to have invested up to $ 1.3 million in the company's ICO, according to two unnamed sources.
Neuner yesterday he has declared had "lost a lot" of his money by investing in the "fraud" of the BCT, but accused The Block of "defamatory" inaccurateand falsely claiming to have contacted to have a comment on the story.
Once the comment was reached, Neuner clarified to Cointelegraph that he invested approximately $ 300,000 – not $ 1.3 million – in the BCT project. He explained via e-mail that "at some point […] advised the company, particularly on how to infiltrate the encrypted market ", noting that he assisted in the search for" high volume traders "to test the screens.
However, Neuner continued, after receiving a "handful" at the beginning of the fall that MacDonald was actually Boaz Manor, he confronted him without receiving confirmation. Neuner added:
"Because of the suspicion [I] he immediately resigned from the advisory board and has since worked with a group of other investors to gather credible information sufficient to go to the authorities and report on the project.
My investigation is ongoing. "
In addition to the false statements of MacDonald, the Block reports that Bonomo "has quietly resigned" from BCT in the summer, following which MacDonald turned out to be Manor to his employees, and presumably stopped paying them. With the position of "not clear" Manor, BTC was renamed BCT Inc. and announced at the end of October its terminal would be on sale to the public.
In June, the Bloomberg terminal announced that it would start listing the cryptographic exchange of the Huobi cryptocurrency index, as well as nine pairs of cryptocurrencies.
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