The fraudster issued illegal bonds. Customers lost over PLN 8 million

Customers of a 42-year-old president of the company from Warsaw lost over PLN 8 million, who was issuing and offered illegal bonds. They have never been allowed to trading – the Silesian police said, which on Friday announced the indictment to the court.

As a result of the practice, which lasted from 2019 to 2022, 87 people were injured, many of whom lost savings constituting a significant part of the achievements of life.

The proceedings were conducted from 2021 by police from the Department for the Fight of Economic Crime of the Provincial Headquarters in Katowice. As described by the press team of the Silesian police, the crime mechanism consisted of issuing and selling bonds that were not allowed to marketing and did not appear in the national deposit of securities.

Investment offers went to potential clients mainly by e -mail and telephone. “To authenticate the undertaking, interest was paid for some time for some time resulting from the contracts concluded. At the same time, false information about the company's good financial condition and its further development were disseminated, encouraging to invest,” the police described.

A 42-year-old resident of Warsaw, the president of the company responsible for the issue of fictitious bonds, heard allegations for a total amount of over PLN 8.1 million. In addition, he will be responsible for participating in an organized criminal group and for making committing crimes a permanent source of income. At the request of the prosecutor, a temporary detention was applied to the man. The indictment was sent to the court in Rybnik, the District Prosecutor's Office in Gliwice. The man is punishable by up to 12 years in prison.

The police remind and warns that investing in financial instruments offered by unknown entities, without reliably checking their financial situation, is associated with great risk. Before placing savings in bonds, make sure that they have been registered in the National Depository of Securities and check that the Issuer publishes financial statements. Particular caution must be exercised towards investment proposals submitted by phone or email, which tempt with quick and some profit – emphasize the police.

kon/ agz/