Macau (MNA) – The Macau Judiciary Police (PJ) has told Macau News Agency (MNA) that 43 investors connected to a cryptocurrency mining business deal have decided to file criminal complaint against Federico Alexandre dos Santos Rosário for suspected fraud.
PJ told MNA that it has reached to some 71 investors, of whom, 46 were questioned but only 43 demanded to take legal action against the perpetrator, with the case as a whole having been sent to the Public Prosecution-Office on Monday.
The business deal was said to have involved some MOP20 million (US$2.4 million) in investment with the 43 complaining investors to have put up some MOP14.2 million.
On Monday Mr. Rosário was arrested by police authorities, questioned by the Public prosecutors and later released after paying a bail set at MOP50,000. He will now await trial in freedom but needs to appear to the police authorities on a regular basis.
The PJ had indicated previously that Rosário, together with his wife, have filed a case as victims with the PJ on August 1 this year of a suspected scam by his business partner, Dennis Lau, head of Forger Technology.
MNA previously reported that Mr. Lau claimed that Rosário had altered some of the investors’ contracts without consent from annual repayment to monthly repayment, of which Rosário himself had denied the accusation.
Rosário’s parents Rita Santos and Frederico Alexandre do Rosário, director of the Administration Council of local broadcaster TDM, as well as legislator José Maria Pereira Coutinho are all investors of the project.
Mr. Rosario had held several seminars at the Macau Civil Servants Association (ATFPM) – headed by Coutinho – and attended by Mr. Lau in which the business deal was presented to possible local investors.
