Convicted Swiss data thief seeks crypto project funding

September 13, 2018
Chris Wheal

Data thief, whistleblower, exile awaiting an extradition ruling, and now chief executive of a new cryptocurreny project called Taboow.org, Herve Falciani is looking for funding for a live token sale.

Taboow.org’s project launch website

Falciani, along with a number of Spanish partners, is promoting the organisation’s cryptocurrency to called Tabu. A spokesman from Taboow.org told Bloomberg that the project had attracted at least one investor and a commitment of a “few million” euros.

Token pre-sale

According to the website, the company is now conducting a live sale of tokens, with the pre-sale finishing on Friday.

Falciani (left) has a chequered past. He was found guilty in absentia of corporate espionage by a Swiss court in 2015 of stealing data from HSBC’s Swiss division which he then tried to sell before handing it over to French authorities.

He is still awaiting a ruling from a court in Spain, where he now resides, on possible extradition to Switzerland to serve a five-year sentence.

Democratising finance

The Taboow chief executive said the new project was aimed at democratising finance and information.

He said in a press release: “Cryptocurrencies open finance to allow it to expand and not just remain in the hands of the few.”

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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