Kristijan Krstic extraditions approved again by High Court
Following a successful appeal last month, the Kristijan Krstic extraditions were punted back to a Serbian High Court.
That High Court has now reaffirmed that “that all legal preconditions for extradition have now been determined”.
This means that extradition is once again on the cards, pending the outcome of another new appeal.
As reported by Juzne Vesti, the Krstijan Krstic extradition decision is waiting to be reheard in the Belgrade High Court.
An appeal procedure is underway, so they expect that the case will be considered again by the Court of Appeals soon.
The Court states that even now, seven days after the new decision, appeals have arrived.
The original appeal against Krstic’s extradition was upheld, on the grounds ‘significant violations of the provisions of the criminal procedure’ were made.
The High Court’s granting permission again for Krstic (right) and his accomplices to be extradited, suggests those violations have been remedied.
US authorities have alleged Krstic and several accomplices are behind a $70 million+ Ponzi empire.
The US is seeking extradition of Krstic and nine co-conspirators. They are currently being held in Serbia.
Extradition proceedings against Krstic stem from criminal indictments filed by the DOJ. The SEC has also filed a related civil lawsuit.
Pending a second decision from the Serbian Court of Appeals, stay tuned…
I would guess the SEC came first and the DOJ followed?
Anyhow, can anyone explain what makes some ponzis criminal cases and others civil only?
If you follow the links in the article, it leads to this.
telegraf.rs/english/3217537-movie-like-robbery-of-70-million-dollars-serbian-police-and-fbi-arrest-11-people
It seems it was a group that did other things that were criminal.
The arrest came mid last year. SEC’s lawsuit followed.
Without access to the confidential investigation files it’s hard to know when exactly each regulator began investigating Krstic.
Wish I knew. IMO MLM securities fraud should be criminal (throw the perps and top promoters in prison) and civil (claw back as much as possible and give it to victims).
That article was the source material for the arrests last year.
The Ponzi scamming is what the indictments and civil case in the US pertain to. Anything beyond that is Serbia’s problem at this stage.
I agree with Oz here. I don’t see how these ‘other things that were criminal’ relate to the US.
Agreed.