Dear Clients,

In the previous week, we worked on the following:

  • We updated the criminal report with new claims. Furthermore, we incorporated newly received information about the Jubilee Group, its owners, and its founders. The updated criminal report will be submitted to the public prosecutor in Zagreb.
  • We received information that individuals related to the Jubilee Group from the EU offered to compensate investors’ claims by providing them with a token proportional to the value of their claims. 

Legal Advice

We advise our clients not to accept this proposal. If you accept the suggested compensation scheme, you might end up with a token with an unstable and untested ecosystem that cannot support itself. The value of the token would correspond to your claim amount on paper, but you would be unable to exchange it for fiat money or established coins. This would complicate the situation legally, as your claim towards Jubilee Group would be repaid formally, and you would have a token that has no real value. 

Kind Regards,

Zoran Miljakovic

Attorney at Law