We have been reporting on and off over the past few months and now its taken an even stranger turn.
BusinessCann …..
JUICY Fields has already been called the biggest scam in Europe for ‘many, many years’, and its impact on the world of cannabis and cryptocurrency has been such that a number of documentaries are understood to be exploring the case.
As new evidence continues to emerge, and unknown actors continue to pump out information under the guise of Juicy Fields, the potential scope of the criminal enterprise gets larger, stranger and more farcical than anyone had initially suspected.
Suggestions are now being made that the investment scam was in fact a minor part of a multi-billion-euro money laundering scheme, involving not only the Russian mafia, but also a Colombian cartel, prominent cannabis industry leaders, and ‘fixers’ with ties to both the US and Russian intelligence services.
While these allegations may seem outlandish or wholly unbelievable, the 20,000 pages of evidence from which they have been gleaned will soon be made public, as Lars Olofsson, the Swedish lawyer spearheading a class action lawsuit against the company, prepares to file his case in court.
Money Laundering
Throughout his months of research, scouring through the documents provided by hundreds of investors he is now representing, Mr Olofsson says he has only been able to identify the existence of around 125,000 Juicy Fields accounts.
This is significantly less than the 500,000 accounts Juicy Fields’ ‘founding team’ quoted to potential investors before and after its collapse.
Although, due to its source, this figure is clearly unreliable, Mr Olofsson believes the organisation may have unknowingly tipped their hand.
“I’m quite sure they didn’t inflate this number. There wasn’t any reason to do so; it didn’t make any difference.”
He suggests that the 375,000 missing accounts did exist but were fake accounts used to launder money through the Juicy Fields ecosystem.
BusinessCann reported in August that this scam bore ‘all the hallmarks of the Russian mafia’, but Mr Olofsson now believes this was a ‘joint venture between the Russian mafia and Colombian drug cartels’, a partnership he says is not uncommon when it comes to ‘cash management’.
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