Next detainees in connection with the case of a pyramid scheme
Over 2 thousand persons could have lost PLN 600 million. The CBA detained additional persons suspected of creating a pyramid scheme.
Twelve persons, former and present employees of one of the banks, including two persons from the management, were detained this morning in Wielkopolska Voivodeship by officers of the Regional Office of the CBA in Poznań. Activities are related to the investigation carried out under the supervision of the Regional Prosecutor's Office in Łódź, regarding the functioning of an organized criminal group in the years 2012-2017, acting throughout the country. As it has been determined in the course of the proceeding, the group have created and managed four investment funds of closed-ended, non-public assets on the Polish financial market. In the course of the activities of the group, more than 2000 persons lost at least PLN600 million, while the damage to property of funds was estimated at more than PLN90 million.
Concluding from the previous findings, certificates of the above-mentioned funds have been offered through the banks. The minimum amount of investment was €40,000. It appears that bank employees, acting with the aim of obtaining material benefits, deliberately misled purchasers. They were trying to convince them that the offered products are secured by bank guarantees or are simply ordinary bank deposits.
The detainees will be transferred to the Prosecutor's Office, where they will be charged with fraud.
In connection with this case, but regarding other threads of the investigation, officers of the CBA detained on 5th of March 2019 eleven persons, who were charged with acting in an organized criminal group, fraud and money laundering. The Distric Court in Łódź decided to remand in custody for three months seven suspected person, while non-isolation measures were applied to the others.