Jubilee Ace/ Jenco/ GTR Newsletter No. 125

Dear Clients,

In today’s newsletter, you will find another excerpt from the criminal complaint in the Jubilee Group case that we have written and submitted in different jurisdictions.

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There is reasonable suspicion that the perpetrators Mr… (17 perpetrators) have conspired to commit the continued criminal offense of Market Abuse, as defined in Article 260, paragraph 2, in conjunction with paragraph 1, points 2 and 3 of the Croatian Criminal Code.

They committed this criminal offense by engaging in fraudulent practices and other forms of deception, contrary to capital market regulations, during the period from 2018 to 2021, within the territories of European Union countries, offshore zones, and other countries such as Malta, the British Virgin Islands, Vanuatu, Hong Kong, Japan, and others. They employed fictitious procedures and deceptive practices in executing transactions and issuing trading orders, as well as disseminating false information through the internet and conducting meetings where they delivered misleading messages regarding financial instruments. The suspects were fully aware that the information they disseminated was false and misleading, and as a result, they obtained substantial financial gain while causing significant financial harm to the victims.

To be continued…

The actual names of the perpetrators and other sensitive information are redacted for this public announcement due to the fact that it might negatively impact required investigatory and judicial work.

Zoran Miljakovic
Attorney at Law