A pyramid investment scheme and continuing fraud

Supreme Court · Second Chamber (Penal) · 2018

What the Supreme Court considered and decided

The Supreme Court upheld convictions concerning mass fundraising presented as financial investment. It examined the deception, the continuing fraud and other offences associated with the structure used.

What this helps explain

It is necessary to reconstruct the supply, the movements of money and the destination of the funds in order to differentiate an investment loss from a criminal deception.

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.