MORE AND MORE VICTIMS OF CRYPTO FRAUD IN CROATIA: An organization from Rijeka broken over 700 purchasers for 70 MILLION EUROS, director MISSING
The Rijeka company BitLucky, which dealt in cryptocurrency trading, allegedly damaged at least 700 of its clients for 70 million euros, reports Jutarnji list.
According to Split lawyer Ivan Čizmić, several hundreds of clients of BitLucky have been recorded so far who cannot get to their money, and apparently their money ended up on centralized exchange offices, large global cryptocurrency exchanges, such as Binance.
Tens of MILLIONS vanished 💸
Founder nowhere to be seen
You guessed it, Crypto Ponzi 🕵️♂️
Mass adoption is never happening ❗️ pic.twitter.com/C9th78NHGc
— Nera (@sol_nera) May 22, 2023
“The trail of money is lost there, but forensics can be done and found out. It is important now to notify Binance of the case and ask them for official data, which they will do if there is reasonable doubt. After that, it will be possible to determine whether there are elements of a criminal offense,” Čizmić told Jutarnji list.
On Sunday, information appeared that a largely unknown company from Rijeka, BitLucky, which deals in trade and investment in cryptocurrencies, had carried out “the biggest crypto fraud in Croatia”.
Several interlocutors confirmed for Jutarnji that the 30-year-old director of the company BitLucky, Luka Burazer, a well-known face of the domestic crypto community, disappeared with tens of millions of euros of investors, that he allegedly hid in an unknown location, turned off his cell phones and social networks, and that he and his associates cannot be reached.
Investors in BitLucky lost between 40 and 70 million euros in cryptocurrencies. According to available documents, investments in BitLucky ranged from HRK 15,000 (about EUR 2,000) to HRK 500,000 (EUR 66,000) with a one-year contract. The company further invested these funds in cryptocurrencies, and investors were promised a monthly profit of 5 to 25 percent.
WHERE IS THE MONEY: Young director Luka Burazer, who defrauded his clients for 70 million euros, is hiding in Lika? https://t.co/Ed4B24yKN1
— TeleskopHR (@TeleskopHR) May 21, 2023
Investors had several packages available
Among the injured parties, whose identity is not known to the public, were those who invested between EUR 150,000 and EUR 700,000 in Burazer’s company.
The injured party informed the police about everything, and some hired lawyers privately. The Primorsko-Goranska Police Department confirmed to Jutarnji that a certain number of citizens contacted them about this case, that they are still collecting information, but it is not clear how the case will be treated considering that most Croatian institutions do not recognize that cryptocurrencies “have value”. .
Hrvoje Prpić, an investor and crypto-investor, expressed his opinion on Facebook, suggesting the possibility that this is a deliberate fraud known as a Ponzi scheme. A Ponzi scheme is an investment scam in which an entrepreneur promises high profits, but actually pays out the profits of one client using the roles of others.
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