Title: Public Annex Summary of Civil Dispute with Nexo AG
Author: Joe L. White, Jr.
Date: July 01, 2025
Reference: Conciliation Request – Nexo AG, Canton of Zug
Overview
This annex serves as a public-facing summary of my civil conciliation filing against Nexo AG, a digital asset platform based in Zug, Switzerland. The filing seeks lawful remedy for severe financial harm caused by Nexo’s failure to disclose material risk, provide accurate account records, and comply with Swiss data protection and financial conduct laws.
As a 64-year-old technology executive, I entrusted my lifetime of earned wealth intended for generational safety to what I believed was a safe, Swiss-based financial platform. Instead, I was unknowingly exposed to margin-based liquidation risk without proper disclosure, without consent, and without access to my full transaction history even years later.
Timeline of Events (Abbreviated)
- 2021: Assets transferred to Nexo platform
- 2022: Crypto market turns, account is liquidated
- 2022–2024: Nexo refuses to provide complete account records under Swiss FADP
- 2024–2025: Legal research, conciliation draft, annex publication strategy developed
- 2025: Civil conciliation prepared; publication of annexes initiated to protect public interest
Legal and Procedural Summary
The civil filing is based on the following legal and ethical violations:
- Swiss Federal Act on Data Protection (FADP)
- Swiss Financial Services Act (FinSA)
- Swiss Code of Obligations (CO) – Good faith and fairness
- Unfair Competition Act (UCA) – Misleading advertising
Evidence submitted includes timeline logs, emails, investor impact statements, regulatory silence records, and comparative jurisdictional analysis.
Public Interest Justification
This dispute is not just personal. It reflects a systemic vulnerability in how Switzerland handles:
- Crypto platforms that operate under foreign parent structures (e.g., Cayman)
- Financial services with misleading safety claims
- Weak consumer redress mechanisms in the digital asset space
The Public Annex FrameworkTM allows claimants to lawfully publish documents they authored and submitted independently as part of Swiss proceedings, provided no confidential third-party data or defamatory content is included.
Request for Dialogue
This annex is issued in the spirit of lawful transparency and potential settlement. It does not seek conflict but accountability.
If Nexo AG is willing to engage in meaningful discussion to resolve this dispute, I remain open to resolution prior to escalation through Swiss courts or public advocacy channels.
Statement of Intent
This annex is submitted in support of a good-faith civil conciliation request under ZPO Art. 202–204. The claimant asserts that the conduct described herein warrants regulatory attention and damages due to misrepresentation and unsupervised financial intermediation. No proprietary platform information is disclosed, and all references are based on claimant usage, public materials, and industry guidelines.
Disclaimer
This document is submitted in good faith, based solely on the claimant’s personal experience and publicly available facts. No confidential or privileged information has been disclosed. All statements reflect the claimant’s beliefs or recollections unless otherwise indicated. Names of third parties are anonymized or redacted where not publicly implicated. The purpose of this release is transparency, accountability, and resolution not defamation or harm.
Legal Context Note
This annex was authored solely by the claimant as part of a lawful civil conciliation filing under Articles 202–204 of the Swiss Civil Procedure Code (ZPO). It does not contain any confidential statements made during the conciliation hearing, nor does it disclose settlement terms or other protected materials governed by ZPO Art. 205.
The annex is based exclusively on:
- Personal experience,
- Publicly available information, or
- Facts the claimant is legally entitled to share.
Its purpose is to document the legal and factual basis for the claimant’s grievance, promote transparency, and serve the public interest where legal oversight may be insufficient.
The annex adheres to Swiss privacy and defamation standards under ZGB Art. 28, the Data Protection Act (DSG), and applicable banking/professional secrecy provisions (BankG, StGB Art. 321).
It is not an official court document, and no information disclosed herein was obtained through the hearing process.