- 17 Oct 2023 11:52 AM
- Hungary Around the Clock
The company registered in the 11th District promised to manage cryptocurrency portfolios and provide services related to investments, but instead of helping its clients obtain promising yields, it increased its own income with sums invested by the clients.
The company’s senior officials lied to the clients that an automated IT system developed by them selects the most ideal transaction for investors – that is, that a trading robot helps the clients turn as high a profit as possible. Of course, they had no such software, 444 points out.
The authorities have to date identified 14 aggrieved parties who had invested more than Ft 66 million.
The company did not honour the disbursement of the yields or only in part while the overall value of the transactions on the bank accounts of the company’s senior executives exceeded Ft 100 million.
The company was operated by a 59-year-old man from Balatonalmádi, a 41-year-old woman from Érd and a 29-year-old woman from Apc.
Money collected was transferred from the company’s account and the private accounts of the members to the niece of the woman from Apc. The 20-year-old woman, also from Apc, laundered a total of Ft 95 million through various account movements, and then transferred the money back to the above-mentioned trio.
The four were caught on October 9. The man and two of the women have been formally accused of fraud causing considerable damage committed in a criminal organisation, while the 20-year-old woman faces charges of money laundering.