Crimes of Michalakis Christofi, part 1
Mike Christofi (Also known as Michalakis E. Christofi, Mike Christofi, Michalis Christofi, Michalakis Christofi, Michalakis E. Christofi, Mike Christofi)
Born on February 9, 1985 in Nicosia, Republic of Cyprus.
Graduated from a local school.
Graduated from The University of Nicosia, with a degree in Law, after which he immediately left for the UK where, after a short stint working in a few small law firms, he became actively involved in investment start-ups.
He is a citizen of the Republic of Cyprus and the United Kingdom and a resident of Hong Kong.
Michalakis establishes warm relations with the heads of companies, gains trust, gets access to financial information and resources, and then carries out fraudulent actions behind the backs of his partners. If the latter begin to suspect something, threats and blackmail are used. The most courageous turned to the police, but it was also pointless. Due to the fact that Michalakis is a citizen of Great Britain and Cyprus, as well as a resident of Hong Kong, he easily moves between these countries, avoiding criminal prosecution.
Some of Michalakis' main machinations include the following:
1) The most immoral is considered Michalakis' involvement in the scandal related to the crypto exchange NEXO and the HelpKarma charity foundation. Starting in 2020, the world media reported that funds intended for sick children were withdrawn from the fund and used to build palaces and bribe politicians.
Back in 2019, Michalakis rubbed himself into the confidence of the NEXO management, he positioned himself as an experienced person in the field of cryptocurrencies and various funds. After gaining access to the financial processes of the organization, he conducted his fraudulent transactions with HelpKarma fund and withdrew funds through shell companies - Conectid Ltd, Ptg Technologies Ltd, Regal Health & Wellness Ltd, C Squared - Europe Ltd, Simtelligence Technologies Ltd, Bluechain Ltd , Appliance Book Ltd etc.
Notably, Michalakis registered his foundation The Fair And Correct Foundation Ltd in 2022, under which he will apparently continue to steal money from sick children.
2) Michalakis was also linked to a major cryptocurrency fraud in 2021. The criminal group he was a member of operated at least four investment platforms that lured their victims through advertisements on social media and search engines. Members of the criminal group posed as experienced intermediaries, contacting victims through a call center they created. The suspects used proprietary software and fake reports to show investment returns and motivate victims to invest even more.
3) In October 2020, the Hong Kong Financial Markets Supervisory Authority fined Goldman Sachs' Asian business $350 million for its involvement in the multi-billion dollar 1MDB scandal in Malaysia. On the first day of the trial, the U.S. Attorney's Office accused a former Goldman Sachs banker of taking $35 million in kickbacks.
Roger Ng, Goldman's former head of investment banking in Malaysia, is accused of conspiring to launder money and violating the anti-bribery law in his dealings with Malaysia's sovereign wealth fund 1MDB. Michalakis spent a long period of time in Malaysia, knew Roger and helped him move these funds offshore through his shell companies.
4) On March 4, 2016, the High Court in London ordered the compulsory liquidation of six companies in the UK. Investigations revealed that these companies shared common features such as unexplained and dramatic increases in share capital, appointment of fictitious directors, and theft of customer identities. There was also falsification of documents reporting significant assets and trading. Companies provided each other with favorable trade references and created websites with content usually taken from other genuine websites, all to create the appearance of bona fide business. Tax returns listed over 1.5 million pounds of non-existent assets. The reason for these falsifications is simple - to appear more creditworthy and obtain credit through fraud. The companies targeted suppliers of building materials, depriving them of more than £300,000 worth of goods. Goods supplied without payment were quickly moved out of the country.
5) Another story involves London Block Exchange Ltd, a company that was in the business of issuing crypto-bonds and raising investments. In April 2019, the organization started having payment problems and was forced to shut down in January 2020.
And now watch your hands - on July 26, 2019 London Block Exchange Ltd was renamed to Dragon Payments Ltd, and already on July 31, 2019 Michalakis registered a company with exactly the same name - London Block Exchange Ltd. It's a strange coincidence, isn't it? Probably, he knew the management or wanted to profit from not the most knowledgeable investors and embezzle the stolen funds.