Prison for Sadri Fegaier: the CEO of the Indexia group was sentenced Tuesday by the Paris criminal court to two years in prison, including 16 months in prison, without a committal warrant, for deceptive commercial practices in connection with thousands of requests for termination and reimbursement of insurance contracts.
He also receives 300,000 euros and a five-year ban on running a business.
A “very high number of victims”
The Paris criminal court also sentenced six companies in the group to fines ranging from 150,000 euros to 1.5 million euros.
The president of the court justified the sentences by “the very high number of victims” and “the scale of the fraud”.
“It’s a very nice victory,” reacted Emma Leoty, the lawyer for the civil parties, interviewed by our reporter.
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The 45-year-old businessman as well as the companies SARL SFK Group, SFAM Celside Insurance, Foriou, Cyrana, Hubside and Serena appeared at the end of September in Paris, suspected of having improperly made hundreds of consumers subscribe to insurance contracts. insurance for their multimedia devices (computers, telephones).
They are notably accused of having developed, between 2014 and 2022, a complex procedure aimed at discouraging them from their requests for termination or reimbursements.
Millions of euros in undue deductions
The Indexia group is mainly known for seeing so-called affinity insurance sold in Fnac-Darty stores between 2017 and 2019, but also in its own Hubside.Store stores.
At the time of their purchases, consumers were offered insurance for around fifteen euros per month.
Years later, hundreds of people have seen the deductions multiply, reaching up to tens of thousands of euros in total, without having signed an endorsement or claiming to have never even signed an insurance contract. .
