Jubilee Ace/ Jenco/ GTR Newsletter No. 124

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.

…GTR released a video in which one of its directors, Mr. F. R., acknowledges that the platform is currently non-functional but encourages continued investment despite lacking the necessary license for cryptocurrency trading and being under investigation by the Financial Conduct Authority (FCA), which has halted the operations of the company.

The founders and promoters of the businesses Jubilee Ace, Jenco, GTR, and RCM, fully aware that their operations were not in compliance with the law, and with their operations completely suspended, deceived investors into investing substantial amounts of money in companies’ operations. Communication between investors and the founders/promoters has been severed. The affected investors do not have access to their own invested funds in these companies. They have lost all the money they invested, as a result of the deception they were subjected to and perpetuated from the very beginning. They repeatedly invested in these aforementioned companies, to the detriment of their own assets, based on conditions provided by the perpetrators.

To be continued…

Zoran Miljakovic
Attorney at Law