🛁 USA🇺🇸: Cinkciarz.pl founder detained over alleged multimillion-dollar fraud and money laundering

🛁 USA🇺🇸: Cinkciarz.pl founder detained over alleged multimillion-dollar fraud and money laundering

Polish citizen Marcin Pioro was detained while participating in U.S. military exercises as a member of the Illinois National Guard. According to information from U.S. federal authorities, an Interpol red notice had been issued against him, and he now faces possible extradition requested by the Polish government🇵🇱.

🥺 Cinkciarz.pl was founded in 2006, during a period when currency exchange services were becoming increasingly popular in Poland amid a boom in foreign currency lending. The company eventually grew into a business with annual revenue of 9,544,500,000 USD.

🥺 When the investigation began in 2024, authorities estimated the financial losses linked to the alleged scheme at more than USD 30 million. However, the scale of the case has since grown significantly. According to Military.com, Polish prosecutors now estimate losses of around USD 50 million and approximately 5,000 alleged victims.

🥺 In March, Polish police arrested one of the fintech company’s board members and charged him with complicity in fraud. Later, in May, the company’s chief accountant was also detained. Meanwhile, the Polish Financial Supervision Authority (KNF) revoked the payment services license of Conotoxia, a company affiliated with Cinkciarz, and blocked accounts connected to the investigation.

🥺 U.S. authorities have kept Pioro in custody pending legal proceedings. If extradited to Poland, he could face a prison sentence of up to 25 years.

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