Fraud complaints filed for alleged Ponzi scheme

High-Tech Crime Prosecutor Branko Stamenkovic told Belgrade daily Politika that about 150 people filed charges against the company. According to media reports and social media posts, the company invited people to invest in it but failed to pay the promised earnings and disappeared. Allegedly, several thousand people invested hundreds of Euro into what the media are calling a Ponzi scheme.

Stamenkovic said the first charges were filed on October 5 by private individuals and added that the police started an investigation the next day. He said that Kangaroo Treasure is believed to have tricked a large number of people in Serbia.