Techub News reports, according to Cointelegraph, that a report from OCCRP shows that the founder of the crypto assets fintech company Bankera used funds raised through the initial coin offering (ICO) in 2018 to purchase luxury homes worldwide.
On April 28, OCCRP reported, citing leaked company records and bank statements, that nearly half of the 100 million euros (approximately 114 million dollars) raised in the Bankera ICO was transferred to a bank in the Pacific island nation of Vanuatu, which was acquired by the project’s founders Vytautas Karalevičius, Justas Dobiliauskas, and Mantas Mockevičius. Subsequently, the bank issued millions of euros in loans to companies owned by these three individuals for the establishment of a luxury real estate portfolio, including a villa on the French Riviera and high-end properties in Lithuania. Additionally, the bank also provided millions of dollars in loans directly to the three founders for “personal use.”
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