Also interested to hear some update. Would you please provide some update at least once a quarter @Eli? Thanks!
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We.don’t have any new information about this. We haven’t had any communication from 1754 Factory LLC or their counsel.
Hello it’s been two years since this pool defaulted, and there hasn’t been any real update, let alone repayment. All we’ve received are false timelines from the issuer and Counsel. Fabien gave a timeline, missed it, then disappeared. Counsel gave a timeline, missed it, and also disappeared. What kind of nonsense is this?And i read somewhere that if a pool defaults, its assets are supposed to be sold to repay the investors. Does anyone have more information about this
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Fabian Dureuil is answerable for this and so is CFG if it cannot or will not enforce a remedy to make investors whole. Fabian Dureuil is creating new companies left and right, according to Google he is now the founder and CEO of PactLabs, Lucid Finance, Accretion LLC all based in Mill Valley California while disregarding these debts and this entire legal review and process.. No ongoing efforts on the part of CFG to look into this guy and hold him accountable means they are complicit in the default. They have remedies, they have counsel, simply saying “we haven’t heard from Davoa, Fabien or his counsel” is unacceptable. do any of Fabian’s current investors know about this? has CFG taken any further action to investigate Fabian’s record in France (where Bling is based and where he appears to have defrauded investors: [ANN][DUNE] Decentralized Universal Network for Enterprises
did CFG vet this guy at all??? when will this be resolved??
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Fully agree with @osegon and @jechk This is becoming more and more ridiculous. All Centrifuge competitors who face similar situations with defaults are of a different class, actively communicate and don’t ignore their investors and OGs. @Eli it is so disappointing to not have any process or regular update in place. I keep actively engaging with VC funds so that they stay away or sell their tokens if they already invested. Glad Rockaway listened already last year and sold most of their positions in Centrifuge. This whole issue is a disgrace and big shame on CFG for not dealing with this in a fair manner.
At least tell us the progress. Why was the court date by the end of 2024 mention by the counsel delayed? What is the next due date? or lawsuit against Fabien has failed? Or this is the end of it, inform the investors so we can move on. Complete silence is crazy.