Two cash launderers tied to the Recylix Ponzi scheme have been sentenced to jail.
Particulars of their involvement in Recyclix are a bit sketchy. What we all know is the son of Sergejs Vasiljevs made 4 transfers totaling €1.14 million to his father.
Vasiljevs is a resident of Finaland. His son was on the time dwelling within the UK, and the transfers had been made into an organization account below Vasiljev’s management.
A prison trial decided the funds had been proceeds of Recylix.
Recyclix was a Polish Ponzi scheme launched in 2015. The corporate exit-scammed in early 2017, claiming fires had burnt down their fictional recycling facility.
As reported by Taloussanomat, Recyclix investor losses are pegged at “about 39 million euros”.
Upon taking receipt of the cash, Vasiljev’s accountant, Marina Putskova, transferred the cash to ‘Vasiljev’s son’s accounts in Latvia and different overseas financial institution accounts.’
Find Vasiljev responsible, the court docket upheld
there was no enterprise justification or different acceptable cause for the transfers.
Marina Putskova was discovered responsible as a result of, based mostly on a scarcity of exercise within the firm account previous to the preliminary switch, she ought to have suspected one thing was up.
Along with being sentenced to 3 years in jail every, each Vasiljev and Putskova are banned from doing enterprise in Finland for 5 years.
Putskova’s accounting agency was additionally fined €9000 EUR.
In mid 2016 CONSOB, Italy’s monetary regulator, formally banned Recyclix nationwide.
To the very best of my information Polish authorities by no means took any motion towards Recyclix. Whoever was operating Recyclix stays at massive.