Poland arrests head of collapsed financial scheme
Polish authorities have arrested the head of a company accused of defrauding thousands of investors amid opposition calls for a parliamentary commission to investigate the scandal.
The moves Thursday are the latest in an affair surrounding a financial institute, Amber Gold, which offered high rates of return on what it claimed were gold-based investments. The scheme collapsed in mid-August, unable to pay its estimated 7,000 clients.
A court in Gdansk ordered that Amber Gold's owner, Marcin Plichta, be placed under arrest for three months as prosecutors investigate. He has already been charged with fraud and other financial crimes and could face up to 15 years in prison if convicted.
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