Allegations and arrest for a member of the board of Cinkciarz.pl

At the beginning of October, the Polish Financial Supervision Authority reported that he was conducting activities after clients' complaints for the implementation of currency exchange services via the online currency cinkciarz.pl currency. UOKiK In turn, he reported that he received 13 complaints about delays in the implementation of currency exchange and cash transfers. Customers were to be informed about the fault, which should be repaired by the end of October.

A day later, the PFSA withdrew permission to provide payment services to Conotoxia operating by Cinkciarz.pl and Cinkciarz.pl Marketing agents. In October, after a notification submitted by the PFSA, the Poznań Regional Prosecutor's Office initiated an investigation into cheating many people using the online currency exchange service.

On Thursday, a spokesman for the Regional Prosecutor's Office in Poznań Anna Marszałek announced that Robert G., a member of the board of Cinkciarz.pl, was detained in this case. He was accused of cooperation in committing fraud by bringing a number of people to an adverse disposal of property. The total amount of damage caused by investigators exceeded PLN 49 million.

According to the prosecutor's office, the suspect misled the victims of “circumstances relevant to the conclusion of the contract in the Cinkciarz.pl mobile application, including as to the actual allocation of financial resources, obtained from victims as part of the online currency exchange as well as from payment services and financing from these funds, including the operational activities of companies that are part of the CONOTOXIA Holding Capital Group.”

“Robert G., interrogated by the prosecutor as a suspect, did not confess to the committed act and submitted to the explanation in which he presented his line of defense,” the marshal pointed out.

At the request of investigators, the Poznań District Court decided about the temporary detention of a suspect for three months.

Investigators also decided to present allegations, including fraud, president of the management board of Cinkciarz.pl sp. Z oo Marcin P. The man was not questioned because he stays outside the country.

Both suspects are facing up to 25 years imprisonment.

The prosecutor's office emphasizes that the case is of a developmental nature.

At the end of December, the Poznań prosecutor's office decided to block a total of 328 bank accounts of a company providing online currency exchange. At that time, she informed that investigators received over 800 notifications from the victims who paid money to the accounts of cinkciarza.pl, but did not receive conversion of amounts.

Currently, the prosecutor's office does not state how many victims have applied in this case.

Cinkciarz.pl announced on Thursday the submission of urgent references to the unlawful, according to the company, court security and bailiff classes regarding bank accounts. “According to the company, almost all blockades were imposed with a gross violation of law, leading to many times greater security than originally required. The company's accounts were blocked massively in many banks, as several times, and in some cases even several times, exceeded the amounts of the required security” – wrote in the statement.