For a case of scams by several investors, a self-taught trader was sentenced Thursday in Paris to two years in prison.

Millions of euros lost in an allegedly ultra-lucrative fund in Hong Kong. The accused Guillain Méjane was sentenced to five years in prison, including three years with a probationary suspension for fraud, illegal provision of investment services and laundering tax evasion. Indeed, the court specified that the firm part of his sentence would be adjusted. According to the facts, with a childhood friend and associate, Méjane convinced investors from Anjou between 2012 and 2014, between 2012 and 2014, in Anjou, around them and then by word of mouth, to place nearly 16 million euros in a company called Now For Tomorrow (NFT) and registered in Hong Kong. 10.6 million euros were lost on the financial markets according to information, while they were touting prodigious returns thanks to trading on international Forex market.

The defendant was sentenced to 10 years of prohibition from managing a company and exercising a profession related to finance and his house was confiscated as the sale price of a Ferrari acquired with NFT funds.