Fugitive Accuses Lawyers of Stealing €100M Worth of Bitcoin

A court case submitted over the weekend exposed a dark web of deception encompassing alleged large-scale fraudulent activity, FX, digital money, Binary embezzlement, and stealing more than 100 million euros worth of Bitcoin.

According to native Israeli news, lawyers Uri Arad and Guy Yuval are charged with snatching 2300 Bitcoins worth €105M from Jacques Henry Vygodatsky, a Belgian-Israeli who’d been himself deflecting European officials for his claimed involvement in large-scale options trading and forex forgery.

Although unconfirmed, Finance Magnates noted a multitude of arrest warrants by German officials this week and at least one detention as the worldwide spate of attacks on trading scam artists intensifies. In the past 18 months, German and Israeli officials have collaborated to apprehend dozens of Israelis accused of participating in currency trading frauds.

According to the accusation, the story begins in March of last year, with Vygodatsky making a deal with lawyers Arad and Yuval to move an amount of Bitcoin, which lawyers must turn into euros and return to Vygodatsky excluding a commission. Later the next month, Avi Itzkovich, a Vygodatsky acquaintance, was imprisoned in Bulgaria at the behest of German officials, who had also granted an arrest warrant for Vygodatsky.

The fraudster got played

Based on the court case, after a detention warrant was signed for Vygodatsky, he rushed to lawyers Arad and Yuval for advice regarding how to continue. What is said to have happened after that can only be explained as a scene from a Netflix story or a Hollywood movie.

As per Vygodatsky, the defense attorneys devised an evasion strategy and warned him that he might confront a long German jail term if he did not adhere to it. Vygodatsky passed over his passport, ID, and papers to the lawyers to just be burned after being ordered to discontinue all contact with friends and family.

With his electronic mail systems destroyed, Vygodatsky was instructed to discontinue all interaction with his defense attorney from the past decade, Moshe Strogano, who’d already represented the complainant in every one of his issues. The strategy was now to safely transport Vygodatsky to South America, where the defense attorneys asserted to have robust ties, using a false identity provided by Arad and Yuval.

After leaving Bulgaria for Greece and Portugal, Vygodatsky, Yuval, and Arad communicated exclusively via third groups and non-traceable expendable cell phones. Vygodatsky now has delegated his virtual wallet and passcodes to Arad and Yuval, who, while funding Vygodatsky’s Portuguese housing, refused to communicate with him directly.

Vygodatsky attempted to demand the pledged finances from Arad and Yuval while on the chase for several months and in trouble financially but was repeatedly blanked. The court case then asserts that defense attorneys Arad and Yuval refused his requests and started to avert the defendant’s inquiries while intimidating him that if he contacted them to request his funds and cryptocurrencies, they would contact German officials and hand off his assets and cash to them.

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