Special Announcement on the investigation of the Cardano Foundation

Swiss foundations are bound by the Swiss Civil Code. Here is an English translation: https://www.admin.ch/opc/en/classified-compilation/19070042/201801010000/210.pdf
All foundations (except purely family or ecclesiastical foundations) have a supervisory body. These have several tasks.

  1. One task is that they make sure the assets donated are used as intended by the donors (in this case the community who ICO’ed ada) It is not Mr Pearson who owns ADA is the foundation.

  2. Another task is rectification when a foundation has been incorrectly set up (see article 83d).

  3. Finally also a task is to evaluate complaints made by 3rd parties which concern the legality of the foundation’s activities or the behavior of the foundation’s bodies.

Who do the supervisory functions? Article 84 states that foundations are supervised by the state authority (Confederation, canton, commune) to which they are assigned.

According to this Cardano foundation article it was registered Switzerland with its location in the town of Zug.

At this point I am wondering if it could be an idea to contact the supervisory authorities in the Canton of Zug and forward some of the community concerns. If there are some Swiss citizen Cardano holders who share this worry perhaps this would be the easiest approach that they contact the local authorities.

Here is a link to to Kanton Zug in english: Willkommen im Kanton Zug
Here is a link to the office where you can forward Civil Law questions:
Willkommen im Kanton Zug
Here is also the commercial register of Cardano Stiftung for anyone interested in these public documents:
CARDANO Stiftung

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