Attorneys representing almost 1,200 buyers mentioned Monday they’ve filed a category motion lawsuit in Spain towards a medicinal hashish funding platform working worldwide, accusing it of fraud, embezzlement and cash laundering.
The lawsuit accuses JuicyFields, which is predicated within the Netherlands, and which promised excessive returns to take a position on-line in medicinal hashish crops, says Norberto Martinez from the Martinez-Blanco legislation agency that filed the case.
A spokesman with Spain’s Nationwide Courtroom, the nation’s high legal court docket, confirmed the lawsuit was filed over the weekend.
That is believed to be the primary class-action lawsuit towards JuicyFields, which in keeping with media investigations allegedly scammed buyers around the globe.
Established in 2020, JuicyFields supplied buyers the possibility to take part within the cultivation, harvesting and sale of hashish crops, promising returns between 29 % and 66 %, in keeping with the legislation agency.
However JuicyFields instantly stopped operations in mid-July, froze money withdrawals and vanished from the web, in keeping with a number of buyers.
The lawsuit accuses JuicyFields of working like a Ponzi scheme, during which early buyers are paid out by receipts from later buyers.
It estimates that there are almost 4,500 victims in Spain alone, who every misplaced a mean of 6,500 euros ($6,645). Some people misplaced as a lot as 200,000 euros.
The general scale of JuicyFields’ alleged fraud is unclear. A lady has already filed a police criticism towards the agency in France’s northern metropolis of Tourcoing.
A category motion lawsuit towards JuicyFields is predicted to be filed in a French court docket earlier than the top of the 12 months, in keeping with Arnaud Delomel, a lawyer who represents a whole bunch of buyers.
AFP was unable to contact JuicyFields for remark and the corporate has issued no official assertion.
