Vanbex responds to Civil Claim, and Media

Enclosed please find our response to the accusations made by the Director of Civil Forfeiture regarding the seizure of our personal assets.  Please find the following facts:

  • Vanbex is far from a shell company.  We are a legitimate consulting and development business in the cryptocurrency field – which is completely legal.
  • As opposed to what the media and the lawsuit have stated about us being a “shell company” or scam, Vanbex has over 26 staff and a very substantial payroll to match.
  • We were never aware of any RCMP or CRA investigation until we saw the notice of civil claim in late March.
  • We never liquidated any assets to “avoid” any investigation.  All of our assets were purchased with funds that were lawfully ours to use.
  • We have never misappropriated funds.
  • No company funds were ever used for gambling purposes.
  • None of our assets are the proceeds or instruments of any unlawful activity.
  • FUEL tokens are a necessary and important part of our business model and a real form of currency.
  • The RCMP and the Canada Revenue Agency never contacted us or we would have immediately provided them with all the truthful information and documents.
  • At no time was there any deceit or false representation to misappropriate funds from our customers or shareholders.

Please see attached our full response to the Civil Claim that was filed this afternoon.  We intend to defend vigorously and to present a complete and truthful narrative for the court. We are confident that at the end of the day the truth will come out and the facts will prevail in our favour.

We would appreciate if the media would clarify their stories to reflect these facts.  Please note we will not be taking interviews until the court proceedings have been completed.

Response To Civil Claim

Lisa Cheng and Kevin Hobbs

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