CASH OUT

Globix boss led ‘lavish lifestyle’ splashing half a million euros at Louis Vuitton and €80,000 at Fendi

THE lavish outlays of a crypto-currency conman first exposed by the Olive Press were laid bare in court this week.

Gibraltar Supreme Court heard how Gibraltarian Damian Carreras splurged €1.3 million on luxury goods and led a jet set lifestyle while his investors who funded it fretted about their money.

The Globix boss, who failed to appear to answer questions about his platform’s missing millions, allegedly splashed out over half a million euros at the Louis Vuitton shop in Puerto Banus.

He also spent €80,000 at the Fendi store next door, before popping over to Prada to tap €52,000 on his Globix credit

By Walter Finch

card.

Another €111,000 was spent at Tagore in Gibraltar, according to information revealed by prosecutor Daniel Feetham KC.

Economical

And across a months-long jolly he paid €116,000 on luxury hotels, spas and beach houses, added Feetham. Carreras had been ordered to court over €26 million of missing investors' money. However due to claims he had been receiving death threats and was worried for the safe - ty of his partner and child, the prosecution accepted his appearance by video link. However, he failed to show at the allotted time, with Feetham labelling him as ‘economical with the truth’.

Carreras and tech officer Pavel Sidirov are wanted over allegations they syphoned €8 million and €3 million respectively from company coffers.

Liquidators are trying to trace the cash that inexplicably vanished from

Globix crypto wallets after the exchange had locked hundreds of investors out of their funds in early 2022.

In a previous hearing, the court heard Carreras has not been cooperating with London-based firm Begbies Traynor to produce the relevant documents.

Kidnap

While many of the crypto wallets have been identified and frozen, Carreras and Sidirov have refused to identify their own personal wallets. However, they

MISSING: Carreras failed to show at court and (above) our first exclusive report were finally uncovered by fellow crypto firm, Binance, which has now disclosed them.

Carreras previously released a statement declaring his ‘respect for the legal process and my willingness to cooperate in every way possible.’

Sidirov maintains that the ‘funds disappeared in Ukraine’ and that he only received ‘€200,000 to €300,000’ for his role running the platform ‘as a freelancer.’

Yet the Ukraine tale, prompted by the reported kidnapping of Sidirov in Alicante last year, has been labelled ‘unreliable’. Liquidators hired to unravel the inner workings of the crypto exchange and trace the missing funds consider it to be a wild good chase, according to court documents.

Building tensions

DEVELOPERS want to build a new international college with flats, shops and sports facilities at the site of the current Cross of Sacrifice on Devil’s Tower Road.

Waiting game

A MAN lay alive on the floor of his Gibraltar home for five days after a heart attack before dying in hospital a week after emergency services found him.

Chief cleared

A MAGISTRATE cleared Police Commissioner Ian McGrail of sexual assault of a former woman officer after a seven-day trial.

Safe waters

A GROUP of UK

Friends of Gibraltar Heritage Society, which boasts 450 members worldwide, visited the Naval Base to hear of efforts to defend local waters.

RACHEL Williams, who survived an 18year abusive relationship that led to her partner shooting her, briefed police officers about domestic abuse.

Williams, who was on the Rock for the Minister for Equality’s Fireside Chat, bears life-altering injuries after the brutal attack.

Officers watched a reconstruction of the crime made for Judge Rinder’s ITV crime stories.

A TRIO of squatters who brutally assaulted a British man on the Costa del Sol have been arrested.

Police snared them at the owner’s apartment in Manilva, where he was attacked after he asked them to leave.

They are being investigated for stealing electricity and furniture, as well as drug trafficking, police revealed.

The family man, from Liverpool, had been attacked after flying over to sort out the problem at his property.

The 52-year-old had jumped into action after a neighbour notified him there were three squatters living at the property.