Jubilee Ace/ Jenco/ GTR / 3Key – Lyra Newsletter No. 219

Dear Clients,

One of the questions we often receive from injured parties is how it was possible for the platform to display a certain balance, generated profits, or even an available withdrawal option, while the funds were ultimately never paid out.

This question is entirely understandable, because for many victims, the balance displayed on the platform created the impression that the funds genuinely existed and that the withdrawal was only a matter of completing the final step.

However, in the practice of these types of fraud, the balance displayed on the platform often does not reflect real funds, but rather forms part of the mechanism used to maintain the user’s trust.

The display of growing balances, generated profits, or supposedly successful trading activity is designed to create the belief that the system is functioning and that the funds are secure.

Based on that trust, many injured parties made further decisions, submitted additional payments, or accepted new explanations regarding the withdrawal process.

In a large number of cases, it is only at the moment of attempting to withdraw funds that it becomes clear that the displayed balance and the actually available funds are not the same.

This is usually the point when additional requests appear — alleged fees, taxes, verification requirements, or other conditions that were never previously mentioned.

This pattern of conduct is one of the most characteristic mechanisms of such systems.

It is important to understand that the fact a certain amount was displayed on the platform does not necessarily mean that those funds ever existed as real, accessible assets.

Understanding this mechanism is often important for understanding how the fraud itself was carried out, because it shows how trust was gradually built and maintained throughout the process.

In cases of this nature, the way in which the illusion of security was created is often an important part of the broader picture of how the entire system operated.

As always, we will continue to keep you informed about all relevant developments and next steps.

Kind regards,
Attorney Zoran Miljaković