Wednesday, May 22, 2013





Polish prosecutors charge owner of financial firm


Last Modified: February 16. 2013 5:21PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) A spokesman for Polish prosecutors says they have charged the owner of a suspended investment fund with illegal activity in a case that has drawn government attention to private financial firms.


Wojciech Szelagowski says the six charges against the head of the Amber Gold fund, identified only as Marcin P., include illegal collection of funds.


Szelagowski, who speaks for prosecutors in the northern city of Gdansk, said Friday that the suspect could face prison time and fines if convicted.


Prime Minister Donald Tusk's Cabinet has discussed whether any state offices failed to warn private investors about the high risks linked to Amber Gold.


The fund has suspended trading, leaving hundreds of its clients worrying about their money.


Associated Press


Comments
Commenting Guidelines
Poll

Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds