Officers of the Internal Security Agency detained Krzysztof K. – another suspect in the investigation into the people running Galleri New Form in Sweden, which – according to the findings of the investigators – was the organizer of a fictitious trade in works of art on a large scale. The man was charged at the Regional Prosecutor’s Office in Białystok. He was to act as an agent of works of art. The case of Galleri New Form in 2018 was described by the journalists of “Superwizjer” TVN.
Krzysztof K. was detained by officers of the Internal Security Agency on April 12 in Gdańsk, according to the press office of the Minister Coordinator of Special Services.
“The arrest is the result of an investigation into two people who were running a Sweden Galleri New Form art gallery. Krzysztof K. from January 2013 to at least October 2017 acted as an agent in the project of investing in works of art.
Activities under “Art Investment”
“Acting under the so-called art investments, the agent accepted money from entities and individuals for a predetermined time and interest rate. As the investigation showed, many of the funds invested in this way were not secured by real works of art” – reported the press service.
According to the investigators, Krzysztof K. obtained a financial benefit of over PLN 19 million and PLN 250,000 from the commissions received. euro.
“In the course of their activities, ABW officers searched the detainee’s place of residence” – it was reported.
He heard allegations concerning para-banking activities
After the arrest, the man was brought to the Regional Prosecutor’s Office in Białystok.
– The allegations presented to him concern the conduct of quasi-banking activities. The prosecutor applied preventive measures against the suspect in the form of police supervision and a property surety in the amount of one million zlotys, Paweł Sawoń, deputy regional prosecutor in Białystok, informed.
For the alleged acts, he is facing up to five years in prison and a fine of up to PLN 10 million.
The gallery was run by a mother and son. Both were charged
According to the findings of the investigators, the Galleri New Form art gallery, run in Sweden by Joanna S. and her son Mikael S., offered investments in works of art.
– They consisted in acquiring the right of ownership of the work for a period of at least six months to a year. The entity guaranteed the return of capital increased by 36 percent of the annual profit by repurchasing the share after the expiry of the contractual period. At the same time, the payment of the capital along with the marked profit was made from the contributions of subsequent investors – explained the prosecutor.
He added that the findings of the investigation allowed for the formulation of charges against Joanna S. and Mikael S. of conducting banking activities without a license, leading clients to unfavorable disposal of property in the amount of almost PLN 400 million, as well as money laundering in the amount of almost PLN 45 million.
Krzysztof K. – 25th suspect
– The suspects were wanted by the European Arrest Warrant. They were detained in Spain. They are currently in Polish detention centers – noted the prosecutor.
Krzysztof K. is the 25th suspect in this case. The investigation is conducted by the Regional Office of the Internal Security Agency in Białystok under the supervision of the Regional Prosecutor’s Office in Białystok.
Findings of “Superwizjer” TVN
In February 2018, TVN’s “Superwizjer” in the report “Financial pyramid and works of art” revealed that Joanna S. ran several galleries, and her clients lost several hundred million zlotys by buying works of art that they had not seen – they only received certificates to prove their authenticity . According to the findings of the prosecutor’s office, the sale of certificates was a pyramid scheme. Part of Joanna S.’s business was managed by her son Mikael.
The subject of the investigation conducted in Białystok is the activity of persons representing the Galleri New Form Gallery, known among celebrities and offering investments in works of art (mainly sculptures). They consisted in acquiring the right of ownership of a given work for a period of – at least – six months to a year.
The investigation against them was initiated on the basis of a notification from the General Inspector of Financial Information and the Polish Financial Supervision Authority regarding fictitious trading in artifacts and the operation of the so-called a financial pyramid created around Galleri New Form based in Trelleborg, Sweden.
The prosecutor’s office is also investigating the issue of unfavorable disposal of property, because initially the owner of the gallery paid profits to customers, but then it did not happen anymore.
Main photo source: TVN24