Werner Boehm sentenced by the court and related facts
Background of Werner Boehm
To give you a bit of background, the guy named Werner Boehm used to be a former CEO of BitRush, which is a payment service for blockchains. BitRush is publicly traded on the Canadian Stock Exchange. Using this position of power, Werner Boehm used some deceptive tactics to defraud shareholders. These actions of this type resulted in a lawsuit being filed against him.
The special committee and termination
At the board meeting held on December 7, 2016, a significant part of the directors created a special committee outside the board. This was done to facilitate the investigation of the circumstances giving rise to the cease-trade order and associated matters. The committee was ordered to report what it found to the board members. The board also went ahead and ordered the termination of Werner Boehm as CEO of the company, effective immediately, due to actions he had taken without the approval of the board and which had caused damage to the company including issuance of inaccurate and unauthorized press releases. As it was found by the special committee that the CEO, Werner Boehm had betrayed and misled the shareholders of the company together with the people whom he used to call friends. According to the findings of the special committee of the dismissed CEO, BitRush had to take the hard step of filing a lawsuit against Boehm.
What really happened behind the scenes?
It is noted that during this time period, Werner Boehm had maintained a very close association with two of the partners who were named Elfirede.S and Alfred.D. These two associates had been observed to act very quickly on reports of any accusations leveled against him. For a long time it was alleged that William Bohem would be in charge of the operations of a website in the country of the United Kingdom. This in turn was used to house and register a large number of companies, such as the English Commercial Register. It is also alleged that Werner Boehm acted as CEO of most of these companies and acted in partnership with other persons closely associated with the case. All of these companies are alleged to have links to Elfriede.S and Alfred.D and to their own companies based in Australia, which have created a network. It was within the use of this network, crossing international borders, that Werner Boehm is known to have disguised his much more fraudulent acts by using this channel for accounting for him through the account books of the businesses of his associates. . . One of the known examples of this is a UK registered company called MezzaCap Limited. MezzaCap limited has Werner Boehm acting in the role of Managing Director and another of his partners also in an executive role.