Arrests have been made in connection with the
Juicy Fields case. On April 11, 2024, an operation coordinated by Europol and Eurojust led to the arrest of nine suspects linked to this scam. More than 400 law enforcement officers carried out 38 searches in 11 countries, seizing assets such as bank accounts, cryptocurrencies, cash, real estate, luxury vehicles, and artwork. (europol.europa.eu)
The arrested suspects are primarily of Russian nationality but also include individuals from the Netherlands, Germany, Italy, Latvia, Malta, Poland, Jordan, the United States, and Venezuela.
They are accused of luring investors through advertisements on social media, promising investment opportunities in the cultivation, harvesting, and distribution of cannabis for medical purposes. However, it was a
Ponzi scheme, where funds from new investors were used to pay returns to earlier investors. (europol.europa.eu)
According to judicial estimates, the total damage caused by these fake investments amounts to approximately
€645 million, although the actual losses could be significantly higher.
Around 186,000 participants worldwide transferred funds into this fraudulent system between early 2020 and July 2022. (europol.europa.eu)
In France, a lawyer called Maître Delomel is handling this case.
https://www.europol.europa.eu/media-press/newsroom/news/9-arrests-in-eur-645-million-juicyfields-investment-scam-caseAccording to judicial estimates, the total damages resulting from fake investments in the advertised cannabis cultivation crowdsourcing platform amount to a staggering EUR 645 million, but actual and unreported damages could be significantly higher. In total, an estimated 550 000 participants worldwide, most of them European citizens, were registered as online investors. Using bank transfers or cryptocurrencies, around 186 000 participants actually transferred funds into the elaborate Ponzi scheme active from early 2020 to July 2022.
