Confirms its competence to investigate the matter and appoints the UDEF as the only acting party
MADRID, 8 Nov. (EUROPA PRESS) –
The judge of the National Court (AN) Joaquín Gadea has ordered the gathering of information from all Spanish courts on the alleged ‘cryptocannabis’ scam by Juicy Fields, thus confirming his jurisdiction over the case, an alleged fraud related to ‘cryptocannabis’ that would have left thousands affected in Spain.
This has been resolved by the reinforcement magistrate of the Central Court of Instruction Number 6, who has urged the police forces to send him the reports they have sent on Juicy Fields to other courts. At the same time, he tells them to notify those judges and tell them to transfer the investigation to the National High Court.
In an order to which Europa Press has had access, the judge designates the Economic and Fiscal Crime Unit (UDEF) of the National Police as “the only acting force” in the investigation.
Gadea, who is already investigating alleged ‘crypto scams’ such as Kuailian’s, reports that Juicy Fields is receiving “numerous complaints, complaints, reports and court cases.”
In September, the magistrate admitted a collective complaint for processing and declared his competence to investigate it, pointing out that the “fraud affects a considerable generality of people”, and the amount swindled could “be several million euros”.
Gadea then agreed to the practice of proceedings when appreciating alleged crimes of continued fraud, misappropriation and criminal organization. In this sense, he officiated at the commissioned police unit so that they identify the alleged perpetrators of the reported crimes and, given the complexity, provide the necessary elements to assess the reported commissive mechanics.
And he was also interested in finding out the traceability of the money invested and the destination and ownership of the accounts, while at the same time instructing the CNMV to report on the activity of the company Juicy Fields and if, in his case, it has opened any proceedings.
According to ‘El Español’, the company, based in Switzerland, had concocted an alleged fraud plot with a ‘modus operandi’: it allowed its clients to invest up to 180,000 euros by bank transfer or with cryptocurrencies, an investment that was intended to cultivate marijuana plants in various parts of the world, in companies in theory legally authorized to do so.
After 108 days, the plant was supposedly harvested, sold and the money invested was returned with interest ranging between 33 and 66%. That high profitability translated into alleged millionaire profits for investors. The hundreds of investors could then, as explained in the complaint filed by the Zaballos Abogados office, withdraw their profits, either by charging through current money or in the form of bitcoins.
Those affected saw how their money flowed, until everything stopped in July. They received an email with which Juicy Fields paralyzed the agreement, alleging a strike by its workers. From then on, the investment system stopped working and the accounts in which thousands of people had deposited part of their savings in search of profitability disappeared along with their money.
Before assuming full jurisdiction over the case, accusations such as Aránguez Abogados had asked Judge Gadea to do so.
