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$672,900 forex scam exposed in Poland

 

A court in Poland charged Mariusz O. and Robert S.  for swindling more than PLN 2.5 million ($672,900) out of Polish investors, Forbes reported on Tuesday. The fraudsters promised their victims a return of up to 60% and assured them that the investment risk was not higher than 5%, but in the end left them with nothing.

 

It seems that this case is a classic example of a Ponzi scheme. The victims’ money was invested only partially, while the rest of it was used to pay interest to customers who invested at the beginning and the rest was used by the fraudsters for personal ends.

 

The Polish court has fined the two scammers and sent them to prison. More specifically, Mariusz O. was sentenced to seven years in jail and fined PLN 14 000 ($3,768), while Robert S. was sentenced to four years and four months in prison and fined PLN 9.200 ($2,476). There was a third person involved in the scam scheme - Marcin Ł., but he still has not been caught by the police.

 

Furthermore, the court has also ordered the defendants to compensate for the damage they inflicted on the scammed investors.

 

We keep warning investors to be extremely cautious and always check whether the companies operating financial intermediaries are licensed and reliable prior to depositing any money. There are all kinds of investment schemes, especially in the forex, binary options and cryptocurrency markets. Previous week we reported $22 million investment scam in Thailand run by SiamOption.

 

TAGS: Poland  forex scam  Ponzi 

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