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A group of investors in the African cryptocurrency project Africrypt insisted on criminal prosecution of the founders of the project
A group of investors in the South African fraudulent project Africrypt insisted on bringing the founders of the company to criminal liability. Writes about this Moneyweb with reference to the creditors of the firm.
It is reported that investors are seeking the arrest of the brothers Amir and Raisa Keiji, who ran the project. They have not been seen in Africa since the exit scam. However, there is still no final decision to initiate a criminal case. The brothers are accused of fraud, theft and money laundering. For the first of three offenses alone, they face 10 to 15 years in prison.
However, Africrypt’s lawyer said the litigation could face obstacles. Several investors are said to have signed agreements to transfer their claims to Dubai-based Pennython Project Management. The firm offered them compensation, the amount of which was not disclosed. Investors who agreed to the payments reportedly lost their right to any claims against Africrypt. It remains unclear what percentage of the victims agreed to withdraw their claims.
Saving Africrypt
We will remind, earlier it was reported that an anonymous investor offered the liquidators of the fraudulent firm Africrypt to buy out 51% of the business for $ 5 million. For this amount, the unnamed investor wanted not only to get half of the company, but also to achieve the termination of all litigation.
One of the lenders described the anonymous investor’s proposal as “impudent.” This may be due to the fact that, according to media reports, the Keiji brothers stole $ 3.6 billion in bitcoin.
In April 2021, with Bitcoin hitting $ 65,000, Africrypt’s COO sent an email to the firm’s clients. It claimed that the firm had been hacked and cryptocurrency wallets were under threat. Shortly after the letter, the Keiji brothers left South Africa.
In an interview with The Wall Street Journal, Rais denied the allegations of breaking the law. He also added that the brothers had to leave South Africa due to “death threats” from “organized crime syndicates.”
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