This is a step forward that the civil parties no longer hoped for. According to information from Paris-Match, several suspects were recently taken into custody as part of an investigation linked to an investment scam on the stock markets. The damage would amount to several million euros and around ten plaintiffs have already taken legal action.
Still according to our information, five suspects were placed in police custody in the premises of the brigade for the repression of astute delinquency (BRDA) of the Paris judicial police. At the end of their hearings, they were released and “the investigations are continuing,” the Paris prosecutor’s office told Paris-Match.
Empty shell
The plaintiffs invested a majority of their savings in the stock market, via a trading company, located in the 3rd arrondissement in Paris. A company which will turn out to be an empty shell and which was established between the beginning of 2021 and May 2023.
The cheated investors were given confidence by a trader, named Greg. The latter seemed to rely on connections within the London subsidiary of one of the world’s leading brokerage firms, created in the United States at the start of the 20th century.
« Ponzi Pyramid »
“We are in a Ponzi pyramid scheme,” confides a source close to the matter. The last investors made it possible to pay the first. Everyone was fooled by the fact that this trader went through this very well-known and recognized company in the brokerage field.” My Céline Chapman and Gaël Collin of the Colman lawyers, who represent the interests of around ten plaintiffs, believe that this case is “a fraud of dramatic magnitude”.
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“Our clients trusted what they believed to be a reliable brokerage company, represented by a supposedly certified trader,” they denounce. In reality, it was a well-organized system, involving several accomplices, including the only objective was to embezzle their savings. Our clients have been manipulated by elaborate schemes intended to encourage them to invest ever more. These pernicious methods have considerably aggravated their financial damage.”
But the matter does not end there. In this case, the main trader, based in Paris, was indicted at the beginning of May 2024, then placed in pre-trial detention after the discovery, a few weeks earlier, of the body of his associate in a forest, located near Bourg-en-Bresse (Ain). The victim, who had been missing since May 2023, was killed by a gunshot to the head.
“In this murder case, a certain number of gray areas remain,” points out a person close to the case. The trader, suspected of the facts, has always denied his involvement. Investigations are still ongoing to determine the involvement of one or more accomplices.”
Swiss
