This summary was generated by AI to provide an overview of the article's content.

The article from "d'Lëtzebuerger Land" on January 19, 2024, reveals an in-depth analysis of the Crypto4Winners investment platform, which promises exceptionally high returns on investments in cryptocurrencies such as Bitcoin and Ethereum. The company, which only manages cryptocurrencies and does not deal with cash, garners admiration for its promised returns but also skepticism about its legitimacy and transparency. European financial authorities have warned against the risks of misleading advertisements, especially those offering quick or high returns that seem too good to be true. Adrien Castellani, at the head of Crypto4Winners, insists that the platform, registered in Sweden, does not communicate outside of this country and that the majority of its clients are not European. The parent company, C4Wave, is also surrounded by controversies, particularly regarding its transparency and the identity of some key shareholders like Luc Schiltz, an individual previously convicted of fraud. The article emphasizes the importance of security in managing cryptocurrencies and mentions measures taken by C4W to protect investments, although doubts remain about the viability and security of such investments in a lightly regulated field.

This summary was generated by AI to provide an overview of the article.

A cryptocurrency investment fund, claiming to have tripled its investors' money, is co-owned and operated by Luc Schiltz, a fraudster convicted in Luxembourg. With over 4,000 clients, the fund boasts a consistent monthly return on investments for five years. However, an investigation revealed its ties to Schiltz, previously sentenced to six years in prison for financial fraud and other offenses. Despite its claims of high returns, Schiltz's involvement and the firm's lack of transparency raise concerns. Documents confirm that Schiltz is a general partner in the Crypto4Winners company, which nowhere on its website mentions his role or ownership. This discovery, along with the fund's opaque practices, highlights the risks associated with investing in unclear platforms, despite the promises of significant profits.

This summary was generated by AI to provide an overview of the article.

An alleged scam involving the Crypto4winners (C4W) platform, promising high returns in the world of cryptocurrencies from Luxembourg and Sweden, is subject to raids and arrests following revelations of malfeasance. C4W, one of whose owners is Luc Schiltz, a convicted fraudster, is suspected of being a scam worth 100 million euros affecting 4,000 clients. Promising exceptional returns without a clear investment strategy, C4W raises doubts about a possible Ponzi scheme. Swedish authorities confirm the absence of a license for C4Wave Capital K.B., the company behind C4W. Investigations show that C4W was channeling funds mainly to major exchanges, making asset traceability difficult. Despite claims of transparency, recent transactions suggest attempts to liquidate or disguise virtual assets.

This summary was generated by AI to provide an overview of the article.

Luc Schiltz, a Luxembourger previously convicted in 2017 for fraud, is at the heart of an alleged cryptocurrency scam estimated at 100 million euros via the Crypto4Winners platform. Based in Sweden, this platform is suspected of offering extraordinary returns without solid foundations, raising fears of a Ponzi scheme. The dubious activities of Crypto4Winners, and the presence of Schiltz, have triggered a series of investigations revealing the lack of transparency and legitimacy. Raids and arrests followed, confirming suspicions of fraud and money laundering. Despite enticing promises, investors express concern and consider legal recourse to recover their investments.

This summary was generated by AI to provide an overview of the article.

In Luxembourg, a significant cryptocurrency scam involving the "Crypto4Winners" company has led to the detention of two individuals, as announced by the public prosecutor's office. Luc Schiltz, a notoriously known fraudster for his multiple frauds, is at the heart of the investigation. The growing interest in cryptocurrencies has also attracted fraudsters, leading to this investigation focused on fraudulent activities and money laundering. Despite promises of substantial returns to attract investors, victims never received these returns, and their investments evaporated. The company, which widely used LinkedIn for its solicitation and constantly changed management, turned out to be an empty shell. The involvement of Luc Schiltz, convicted in 2017 for a fraud of 1.5 million euros, raises further suspicions. As the investigation continues, authorities invite anyone with information to come forward.

This summary was generated by AI to provide an overview of the article.

The "Crypto4Winners" case has shaken Luxembourg, involving Luc Schiltz, a repeat offender, and Adrien Castellani, both detained following an investigation for fraud and money laundering. Created in 2019, the platform promised monthly returns of 3 to 20% on cryptocurrency investments but turned out to be a vast scam, leaving many investors uncertain about recovering their funds. The solicitation attempts on LinkedIn and the promised guarantees only led to an empty shell, exposing the extent of the fraud orchestrated from several countries. Despite early alerts on social networks, it was only recently that the justice system took concrete measures, raising questions about the exact role of Castellani in this affair and the possibility of culpable negligence. Despite the attractive promises, investors are expressing their concern and are considering legal actions to recover their investments.