SEC Requests UK’s Intervention to Force Telegram’s Former Advisor to Testify

The USA Securities and Alternate Fee (SEC) requested the Excessive Court docket of England and Wales to pressure Telegram’s former chief funding advisor John Hyman to testify within the case over the agency’s Grams tokens providing.

The SEC’s request was revealed by paperwork filed by the regulator with the U.S. District Court docket for the Southern District of New York yesterday.

Safety or not?

As Cointelegraph beforehand reported, the SEC is satisfied that Telegram’s Grams tokens are unregistered securities. In accordance with the regulator, Telegram claimed that its Grams Buy Agreements however didn’t declare the identical in regards to the precise tokens. Moreover, “in any occasion, the exemption from registration below Regulation D will not be out there to Telegram.”

Per the submitting, the SEC is trying to acquire Hyman’s testimony due to his involvement in Telegram’s fundraising efforts. He reportedly communicated with “over a dozen” traders of the agency’s Telegram Open Community (TON). In accordance with the paperwork, Telegram CEO Pavel Durov outlined him in January final 12 months as the one that “runs the distribution of Grams.”

The U.S. regulator requested the U.Ok.’s authorities to challenge a Letter of Request for Hyman’s deposition, given that he’s a United Kingdom’s citizen and resides there. In accordance with the submitting, the SEC legal professional beforehand contacted Hyman’s counsel and Hyman agreed to seem for a voluntary deposition.

Nonetheless, later Hyman’s counsel allegedly “refused to return a number of telephone calls and emails relating to Mr. Hyman’s deposition.” Aside from his testimony, the SEC can also be trying to acquire copies of Hyman’s written communications with Telegram’s management and traders, paperwork about his employment at Telegram and his personal funding in grams. 

As Cointelegraph reported on the finish of November, a United States federal decide has preserved the SEC’s transfer to strike Telegram’s defence “for vagueness/lack of discover.”

Jared Leto invested in Telegram’s TON?

The paperwork additionally comprise e-mail exchanges between Durov and potential Grams token patrons. Curiously, this contains communications with Kleiner Perkins’ companion Mamoon Hamid, who was launched to Durov by an individual named Jared Leto.

Whereas it’s unclear whether or not the particular person is the favored singer and actor himself, he used an e-mail handle hosted on the superstar’s official area jaredleto.com.

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