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Capitol Report: Key KodakCoin exec barred from serving as officer in German companies

A key official for the cryptocurrency venture that has sent shares of Eastman Kodak skyrocketing is barred in Germany from serving as an officer for a public company.

Volker Brendel is the chief technology officer for Wenn Digital Inc, Eastman Kodak’s KODK, -12.58% partner for the KodakCoin initial coin offering, and was barred by German authorities from serving as an officer of public companies there, according to the German companies register. Brendel’s name is on the website, the whitepaper and Securities and Exchange Commission filing for KodakCoin.

Brendel’s LinkedIn says he says he was the “Geschäftsführer” or managing director of Prisma BI Solutions GmbH from 2012 to 2014, and a “CEO and founder” of that company.

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