14 Apr, 2023 @ 18:45
1 min read

Crypto pair no show: Globix bosses face arrest warrant after failing to show up for court in Gibraltar

Gibraltar Supreme Court
Gibraltar-Supreme-Court

A PAIR of wanted crypto tycoons face arrest warrants after failing to turn up in court.

The two operators of shamed crypto exchange Globix failed to show up at Gibraltar Supreme Court yesterday. 

Gibraltarian Damien Carreras and his associate, Russian Pavel Sidirov, did not respond to the court or even send legal representation for an initial hearing.

Their company went into liquidation last month amid accusations of fraud, theft and it being a possible ‘Ponzi scheme’.

Despite their no-show, there will be a further hearing on June 13, which they must attend or, according to Olive Press legal sources, face arrest warrants for contempt of court.

The case is still a civil matter with no criminal charges yet brought.

Gibraltar police told the Olive Press they are ‘aware of the Globix issue’, but as the proceedings are still at a civil stage they are not currently involved.

However, the court has already taken out injunctions and disclosure orders against the pair, who are believed to be in Barcelona, Alicante and possibly Palma.

On top of demanding all documentation on the firm, the injunction blocks them – and a mysterious ‘unknown person’ – from accessing the Globix funds.

Damian Carreras
Globix CEO Damian Carreras, who has presided over the ‘inexplicable’ loss of tens of millions of investor funds, is now facing the prospect of criminal charges

In spite of effectively ceasing to trade in June last year and freezing hundreds of investors out of their funds on the platform, Globix only went offline on March 23 this year.

This came nearly a full two weeks after the company went into liquidation on March 10 and while liquidators were themselves attempting to gain access to the system.

They are tasked with unravelling the whereabouts of the missing millions, which Carreras, 39, had claimed were in the hands of a mysterious Ukrainian IT firm.

But officers of the court investigating the inner workings of the company soon dismissed this story as ‘unlikely’.

They determined that the missing millions, scattered across a large number of online ‘crypto wallets’, were completely possible to locate and accessible. 

They have discovered that millions of euros in the wallets ‘were vanishing’ over a space of months that included the period when Globix was experiencing ‘payment processing issues.’

Just three weeks ago on March 23, €4 million mysteriously disappeared from one Globix wallet containing €14 million.

The injunctions against accessing the crypto wallets remain in place and are believed to be the first of their kind in Gibraltar.

READ MORE:

Walter Finch

Walter - or Walt to most people - is a former and sometimes still photographer and filmmaker who likes to dig under the surface.
A NCTJ-trained journalist, he came to the Costa del Sol - Gibraltar hotspot from the Daily Mail in 2022 to report on organised crime, corruption, financial fraud and a little bit of whatever is going on.
Got a story? [email protected]
@waltfinc

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get your shopping done! Spain to enjoy 'bridge' national holiday weekend from THURSDAY - when most supermarkets will close
Previous Story

Foods with reduced VAT become more expensive in March

Screenshot 2023 04 14 At 16.00.34
Next Story

The Swedish connection: Network trafficking drugs from Spain to Sweden by truck uncovered

Latest from Crime & Law

Go toTop

More From The Olive Press