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Owner of Crypto Academy detained by the police
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Owner of Crypto Academy detained by the police

created Paweł MosionekJune 7 2018

A 33-year-old from Warsaw detained by the Silesian police. Why are we writing about this on the Forex portal? 🙂 Well, the suspect was the owner of Crypto Academy - a company dealing with training on investments in cryptocurrencies. According to preliminary information, it was supposed to promise students high profits without risk. Ultimately, none of his clients saw the money back.

Polish Crypto-scam

The detainee's company operated at cryptoacademy.club, which is no longer available. The principle of operation was simple. The caught students, in addition to basic knowledge, were ultimately to receive an offer to transfer funds to the owner of the company for management. This was to multiply the funds received by investing them on the cryptocurrency exchange. The rate of return on investment was to be up to 180%. The students gave him their funds in PLN, as well as in bitcoins.

The capitalization of the first profits was supposed to take place in January 2018 - but this did not happen. At that time, the creator of Crypto Academy gave up further "promotional and training" activities.

In the period from April 2017 to December 2017 the crook managed to obtain about 200 bitcoins (at the current rate, the market value is about 5,5 million PLN), and the list of victims is at least several dozen people. Until today, no funds as well as virtual coins have been recovered.

Police officers from the department to fight cybercrime at the request of the police and the prosecutor's office, the Katowice district court decided about the arrest of 33-latek.

Fashion for cheating?

Notoriously, fraudsters try to take advantage of new investment trends, which increases the ease of "attracting" capital to themselves. A few years ago, the Forex market was an equally fashionable topic, which was also scrupulously used by criminals ("nerd hunters", investments in "debuts"). We recommend that you be very careful when choosing your investments and getting acquainted with the opinions about the courses and the trainers themselves. All kinds of methods of multiplying capital or investments with a guaranteed profit and a high rate of return are a signal for increased vigilance.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.