Cinkciarz.pl CEO Fraud Charges Expand to 150 Million as Court Rejects Appeals, Upholds Account Freezes

Poland Widens Fraud Case Against Cinkciarz.pl Founder As Losses Mount - FinanceFeeds

Polish prosecutors have expanded fraud charges against Marcin Pióro, the fugitive chief executive of online currency exchange Cinkciarz.pl, after tallying client losses of more than 125 million zloty ($31 million) and counting. The Regional Prosecutor’s Office in Poznań said this week the number of victims continues to rise as fresh complaints are filed, adding to one of the country’s largest fintech fraud cases. Pióro has been on a domestic wan…

Cinkciarz.pl CEO Fraud Charges Expand to 150 Million as Court Rejects Appeals, Upholds Account Freezes

Polish prosecutors have expanded fraud charges against Marcin Pióro, the fugitive CEO of currency exchange platform Cinkciarz.pl, with alleged damages now exceeding 125 million zloty ($31 million) as more victims come forward.The Poznan Regional Prosecutor's Office announced yesterday (Monday) it had amended and supplemented charges against the executive, who remains the subject of an international manhunt after fleeing Poland during the investi…