PONZI PROBE

Criminal investigation launched into Globix director

ROYAL Gibraltar Police have finally opened a criminal investigation into the activities of Globix director Damian Carreras after his company lost €40 million in a suspected Ponzi scheme.

By Walter Finch

The police said the move forms part of a wider investigation into the operation of Globix and the alleged

Despatching con

A 33-YEAR-OLD man has been arrested for pretending to have a logistics firm that despatched items internationally but kept the goods to sell them off.

The fraudster from Equatorial Guinea operated in the Horta Nord area of Valencia province and advertised as a well-known company on social media to attract victims.

One victim handed over items worth €6,000 and a €1,200 fee to the conman, while a second person entrusted the man to send a shipment valued at €12,000. A significant amount of goods belonging to the two complainants were recovered with authorities warning people not to solely trust social media adverts for shipments of valuables.

losses to investors.

The RGP called it ‘a very complex matter’ and refused to comment on queries by the Olive Press as to whether they are liaising with Spanish police.

Carreras is known to be ‘hiding out’ in Barcelona, while his co-suspects, Russian nationals Pavel Sidorov and Alla Babenko, reside in Alicante.

News that Carreras is finally facing a criminal investigation will come as music to the ears of long-suffering investors, some of whom stand to lose six or seven figure sums from the scam.

Gibraltarian Carreras, 39, stands accused of running a Ponzi scheme after taking in €25 million in investor capital – from some of the most powerful individuals in Gibraltar.