Guillain Méjane sentenced to 2 years in jail | EUROtoday

Get real time updates directly on you device, subscribe now.

Lhe president of the court docket, Bénédicte de Perthuis, made the decision and was stunned by the absence of among the defendants. Facing her, all the time current, Guillain Méjane, 41, nicknamed by the press the “Madoff of Maine-et-Loire”. At the stand, in a wheelchair, he impatiently awaits the judgment on this case which has lasted for nearly ten years.

Evening replace

Every night from 6 p.m.

Receive the knowledge analyzed and deciphered by the Point editorial workers.

Your registration has been taken under consideration with the e-mail deal with:

To uncover all our different newsletters, go right here: MyAccount

By registering, you settle for the overall situations of use and our confidentiality coverage.

The one who had partly admitted his accountability through the trial which was held in January and which Point adopted in its entirety, has simply been discovered responsible of the three counts of prevention for which he was prosecuted: fraud, laundering of tax fraud and unlawful provision of funding companies to 3rd events. This Thursday, he was sentenced to five years in jail, 3 of which had been suspended on probation and a pair of years topic to vary, i.e. a sentence decrease than the prosecution's necessities.

READ ALSO “Madoff of Maine-et-Loire”: criminal however not an excessive amount ofThe president recalled the details: the structure of an organization (known as NFT for Now for Tomorrow) by Guillain Méjane and his companion Gaëtan d'Oysonville, in a “certain opacity”, “without any approval” neither in France nor in Hong Kong , the place the cash arrived in an HSBC checking account. Funds paid by French traders largely from the Angevin aristocracy – round fifty of whom at the moment are civil events – for a complete quantity of 16 million euros.

A “certain cynicism”

The court docket discovered that Guillain Méjane, a graduate of the Grenoble School of Management (GEM), and who offered himself as a dealer, had demonstrated “a certain cynicism”, and in actuality had “neither the experience nor the competence in this area. Concerning the facts of fraud, he considered that the information present on the company's sales brochure and in the weekly bulletins, reporting “false returns”, constituted “fraudulent maneuvers”. And recalled that this mechanism could be compared to a “Ponzi pyramid”.

READ ALSO Trial of the “Madoff of Maine-et-Loire”: an incredible scam within the good society of AngevinAs for Gaëtan d'Oysonville, he is completely acquitted of the facts of complicity in fraud. According to the court, Guillain Méjane's former best friend and associate realized that all of the funds had been lost only in 2013. Before that date, he had “no data of the rip-off”. He was also found guilty of laundering tax fraud and guilty, from 2013, of illegally providing investment services to third parties.

Also accused in this case, the father of Guillain Méjane, who is convicted of laundering tax fraud. “He was not unaware of the fraudulent origin of the funds,” said the court.

“Wrongful negligence”

Particularity of this judgment: “culpable negligence” on the part of the victims (57 civil parties) was recognized. The latter would not have taken steps to find out about the company, would have ignored the alerts of the financial markets, the dangers of Forex… This “negligence” therefore entitles them to “limited compensation”.

Me Pierre-Henri Baert, considered one of Guillain Méjane's legal professionals, welcomes this resolution: “There was a reasonably balanced evaluation by the court docket in a posh case the place obligations are shared on each side of the bar. »

Will his shopper enchantment? “For now, it’s the time to digest this resolution which places an finish to 10 years of proceedings which have been lengthy and painful for Mr. Méjane, who has achieved a certain quantity of labor of reflection and resilience vis-à-vis -with regard to the details with which he was accused. »