WinCapita

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WinCapita, previously WinClub, was an Internet-based investment. It operated on the Finnish market, with a smaller number of members also in Sweden. In March 2008, the company came under investigation by the Finnish National Bureau of Investigation based on allegations of operating a pyramid scheme or a Ponzi scheme[1].

The company presented itself as an invitation-only foreign exchange investment club that required an initial investment of several thousand euros, while promising up to 400% returns in investment[2].

The investment company has been in operation since 2005. The web site of the company was abruptly closed in March 2008, prompting growing alarm from investors. Almost four hundred criminal suits have been filed against the company[1]. The investigation is still ongoing.

The company itself was registered in Panama.[3] According to the National Bureau of Investigation, approximately 10 000 people had invested at least 69 million euro in the company.[1][4][5][6]

[edit] References

  1. ^ a b c WinCapitan toiminnasta käynnistetty esitutkinta (Finnish). Keskusrikospoliisi (2008-03-25). Retrieved on 2008-03-26.
  2. ^ WinCapita -sijoitusklubi katosi - ja sijoitusrahat myös (Finnish). Aamulehti (2008-03-17). Retrieved on 2008-03-26.
  3. ^ Poliisi selvittää mystisen sijoitusklubin toimintaa (Finnish). YLE Uutiset (2008-03-18). Retrieved on 2008-03-26.
  4. ^ Investigation Launched into Suspected Investment Scam. YLE News (2008-03-25). Retrieved on 2008-03-26.
  5. ^ Poliisi aloitti esitutkinnan sijoitusklubi WinCapitasta (Finnish). Helsingin Sanomat (2008-03-25). Retrieved on 2008-03-26.
  6. ^ WinCapitan tutkinta (Finnish). Keskusrikospoliisi (2008-04-10). Retrieved on 2008-04-10.

[edit] External links

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