Marcin P., the founder and CEO of online currency exchange Cinkciarz.pl, is wanted in Poland for fraud. Authorities estimate client losses at over 112 million złoty.
Issuance of Arrest Warrant
The Prosecutor's Office in Poznań announced the issuance of an arrest warrant for the founder of Cinkciarz.pl, who is reportedly currently abroad. The decision follows a district court order for his detention for 30 days pending investigation.
Allegations and Client Losses
Marcin P. was charged with fraud in March, and the latest estimates indicate that Cinkciarz customers have lost over 112 million złoty, allegedly used to fund other ventures. Prosecutors began the investigation after receiving over 7,000 complaints from clients who lost access to their deposits.
Polish Authorities' Action Plan
Lawyer Adam Szewc suggested that Polish officials may seek Interpol to issue a red notice for Marcin P. Meanwhile, it has been reported that the entrepreneur has left Poland and is in the United States. Other executives from the company have already been arrested for complicity in the fraud.
The Cinkciarz.pl case highlights the importance of monitoring financial institutions in Poland. Client losses and fraud allegations have led to extensive investigations, and the fate of the founder remains uncertain.
