The Regional Court in Jelenia Góra, a city in south-western Poland, has charged Mariusz O. and Robert S. for extorting more than $672,900 (PLN 2.5 million) from investors. As a result, the court has the two individuals and delivered them prison sentences.
According to a report from published on Tuesday, the court, which shared the position of public prosecutor, found both defendants guilty. Mariusz O. was sentenced to seven years in prison and was fined $3,768 (PLN 14 thousand). Robert S., on the other hand, was sentenced to four years and four months in prison and fined $2,476 (PLN 9.2 thousand).
The court in Poland has also ordered the defendants to compensate for the damage they inflicted on the scammed investors. Furthermore, they have also been ordered to pay the costs of the proceedings. However, according to a press release published by the National Public Prosecutor’s Office on Tuesday, the judgement has not become final.
According to the report, the defendants operated on the . As part of their business activity, they offered and concluded investment contracts either in person or through third parties. Through their activities, they managed to earn $679,225 (PLN 2 523 500) from the scammed investors.
The accused told their clients that the risk of investments was not higher than 5%. However, the investments were associated with 100% risk – a fact they did not tell their clients. The accused also reportedly promised a return of up to 60%.
Over time, the money of the victims was only invested partially. The rest of the money was used to pay interest to customers who invested at the beginning and the rest was used by the accused for personal purchases.
The third suspect is on the run
Marcin Ł. Also took part in the scam but he is currently on the run. According to the report, the suspect first hid in Spain, then in the Canary Islands. The matter is now being handed over to Polish Law enforcement authorities.
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