Altcoin News: Justin Sun Dismisses Allegations of Illegal Funding for Tron

July 18, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

TRON CEO Justin Sun could falsify information about his own illness in order to avoid having to visit the United States, CoinDesk writes, citing a theory published by one of the Chinese media.

Portal 21st Century Business Herald accuses Sun of illegally collecting funding through the TRON project and providing gambling services to Chinese residents. The authors also mention the Sun’s early startup Peiwo, which has been developing a social network and associate it with the illegal pornographic business.

According to the portal, several sources confirmed that Sun is currently in China.

“Without a clear answer to these questions raised, will Justin be able to have this $4 million meal?” the article questioned, assuming that the CEO of TRON may be forbidden to leave the country due to alleged charges.

Sun hurried to refute the theory put forward by the media:

“The illegal fundraise accusation is wrong. Tron complied with regulators and refunded investors on Sept. 20 in 2017, immediately after the order [of a ban on initial coin offerings] from seven ministries in China,” Sun wrote, adding: “The Tron foundation is based in Singapore in compliance with local regulations and laws. … and does not involve any flow of capital, or any crypto or fiat currency onramp.”

At the same time, he did not comment on his current whereabouts.

Sun and TRON Foundation announced earlier today about the rescheduling a charity lunch with Warren Buffett due to the deterioration of the health of the first of them. The meeting was supposed to take place on July 25th.

Author: Marko Vidrih