RIGA - Estonia has launched a criminal investigation on allegedly scam, now bankrupt crowdfunding platform Envestio that traces back to Latvia, said Neka Personiga (Nothing Personal) analytical news program of commercial Channel 3.
Nobody is monitoring the crowdfunding sector in Europe, and Estonia has quite a liberal approach to this. According to estimates, Envestio managed to raise around EUR 30 million, and now law enforcement authorities are establishing what has happened exactly and whether the money has been stolen. Investors in the platform were from across Europe...
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