Fictitious financial products offered to investors

Supreme Court · Second Chamber (Penal) · 2017

What the Supreme Court considered and decided

The court upheld convictions for offering high-return investments in nonexistent assets. It examined each defendant’s role and the documentary and financial appearance used to obtain investors’ money.

What this helps explain

The promises of profitability are valued alongside the reality of the asset offered and the knowledge of those who raise the funds.

Editorial summary from the official note of the CGPJ. It describes this resolution, without certifying the subsequent evolution of the procedure. It should be read with the legislation applicable to its facts, reforms and subsequent case law.