Dear Clients,
Below is a legal commentary on the announcement made by Tony Jackson, the CEO of Jubilee Group, on May 19, 2023.
The essence of the announcement revolves around the claim that Jubilee Group allegedly attempted to recover funds held with the RCM platform, but their efforts were unsuccessful. They sought legal advice, only to be informed that they could not take any action in this matter.
Furthermore, they state that they are unable to normalize their operations due to the lack of resources, as they have been relying on borrowed funds thus far. The purported legal battles they engaged in to recover the funds have been costly and protracted. It has been announced that they will file for bankruptcy by the end of June. Lastly, an email address is provided, but no one responds to it.
Undisputed facts:
- Apart from their own statements, which are legally irrelevant, Jubilee Group has never provided concrete evidence regarding the movement or status of the total funds in relation to RCM.
- They have never provided opinions from their lawyers or evidence to substantiate their claim of hiring attorneys.
- Jubilee Group and RCM have consistently failed to respond to emails or correspondence sent to their official registered addresses.
- Jubilee Group has never publicly presented its contractual relationships with RCM.
Conclusion:
- The victims’ funds have not disappeared; instead, they are probably held in the private accounts of the founders and orchestrators of this alleged fraud, which ranks among the top 20 according to some publications.
- RCM and Jubilee Group continue to disseminate false information and carry out alleged fraudulent bankruptcies in an attempt to evade accountability.
Legal Opinion:
- Even if bankruptcy is pursued in accordance with all legal standards, the responsible individuals of Jubilee Group and other companies involved in the project will not be absolved of their criminal liability for fraud and all other charges we have brought against them in the criminal complaint.
- We have been informing the Zagreb Prosecutor’s Office about all the events and statements provided by RCM and the Jubilee Group.
- Considering that the headquarters of Jubilee Group is in Hong Kong, we will inform the prosecutor’s office in Hong Kong about the circumstances of the filed criminal complaint against these individuals and request appropriate measures to be taken for the prosecution of the responsible individuals of the Jubilee Group and the application of all legal measures against them.
We advise against being burdened by any announcements from Jubilee Group and others, as they hold no legal validity.
This morning, we received messages from some clients stating that the GTR website has been shut down. We will investigate these claims and inform you of this development.
All of this indicates that the only way for the victims of this alleged fraud to be compensated is by engaging in a legitimate legal process. The occasional notifications sent to the victims by representatives of Jubilee Group were merely intended to divert the victims from filing fraud complaints.
We, the attorneys at DefendMe, continue to carry out our work and undertake all legal actions to ensure that our clients receive the maximum possible compensation and satisfaction for the damages suffered.
It is still possible to submit your claim through our DefendMe Platform.
Zoran Miljakovic
Attorney at Law