Scandal-hit Vesttoo: ‘significant’ senior execs exit, 50 ‘focused’ remain

Amid a fraud involving letters of credit (LOCs) as collateral,  Vesttoo, the company in question, has issued an update on its current situation and investigation findings, including the KYC.  Following the CEO’s forced leave and removal, the company confirmed that it has lost a “significant” number of senior executives, leaving around 50 “focused” individuals working with the markets and regulatory bodies to resolve the issues.