Forex fraudsters fooled 1,9 million zlotys. They answer from the free foot

Seven people detained by officers of the Warsaw Metropolitan Police Headquarters, 45 victims and suspected fraud 1,9 million zlotys. It was not enough for the court to arrest suspected frauds related to the Forex market.

The investigation is supervised by the District Prosecutor's Office in Warsaw. It shows that the fraud was to depend on  unfavorable disposal of 45 property of injured persons from whom about PLN 1,9 was obtained. The prosecutor has already presented serious allegations to suspects: participation in an organized criminal group aimed at committing cheating fraud and conducting activity in the field of trading in financial instruments without a required permit. They are threatened by 10 years in prison.

Be sure to read: Nerd hunters caught. They extorted PLN 18 million from 350 people

Court: they can respond with a free rate

Despite the risk of high fines and the possibility of drowning, the court was not too strict - at least at this stage of the case. One person has been arrested, but will be released as soon as he pays a well-ordered property of 150. PLN. Six other people who have been arrested by the police are supervised (that is, they must appear at the police station 1-3 times a week and sign on the list) and a ban on leaving Poland. They also had to pay property guarantees - from 10 thousand. PLN up to 50 thousand. PLN.

A Warsaw company, headquartered in the Marshall Islands

The company operating under the FxOnUs brand was registered in the so-called tax haven - the Marshall Islands. It was there that theoretically the broker operated through the platform on the website www.fxonus.com.  He acted as an advisor, telling his clients what transactions they should perform. The recommendations were specific and the company's representatives assured about their effectiveness.

But that's not all. The broker's representatives also offered capital management. They were given access to the account and could trade the funds deposited. The prosecution claims that they did not have and do not have a license for this type of activity. What's more, they were also supposed to be far from honest in conversations with clients - they were to mislead clients by not informing them about the risk of such investments, and even go so far as to invest in completely different instruments, while the clients did not provide any specific information. on this topic.

Where are the victims' money?

Works on checking customer money flow are still in progress, but there are many indications that they did not go to the capital market in the majority. The company's clients paid from several thousand zlotys to even several hundred thousand zlotys. Their money reached the company's account in the Marshall Islands, which was run by a bank from the Czech Republic. However, they quickly flowed from there, wandering to other companies.

A team of sellers and trainers

A professional sales team supervised the acquisition of new capital. The company was very well organized. A detained person, managing a Polish company, had several dozen sellers under him. They called potential clients and persuaded them to invest. They were supposed to be completely safe and bring above-average profits.

Salespeople had an incentive pay system, so they wanted to get as much capital as possible. Each team was supervised by a manager who trained the team, as well as new people appearing in it, in the field of talking to clients. Interestingly, most sellers did not know much about the capital market, especially about investing in risky instruments. As it often happens in such situations: they perfectly sold their dreams ...

The Polish Financial Supervision Authority warned against the broker

Already in 2017 this broker was on official list of warnings from the Polish Financial Supervision Authority. It happened shortly after the Trading Jam Session Foundation revealed a recording of a conversation with a company representative.