The move comes in response to the company discovering “fraudulent” credit letters on its platform. In order to execute the filing, Vesttoo appointed DLA Piper and financial adviser Kroll in support of its efforts.
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Vesttoo Files Bankruptcy After Discovering Credit Fraud Scheme
Vesttoo, an Israeli-based fintech company, has filed for Chapter 11 bankruptcy protection in an effort to “pursue legal action against those responsible for a fake collateral scandal.” So reports Reuters.
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