Wincapita

The documentary "Wincapita" tells a silenced perspective on Finland's largest alleged financial crime and pyramid scheme. After 20 years, the secrets and human rights violations are revealed in this new film by internationally awarded director Ike Novikoff. Select English subtitles in settings.

The Defence Front disassociates itself from all other PosiTv offerings, only the WinCapita film will receive our support.

Puolustusrintama sanoutuu irti kaikesta muusta PosiTv:n tarjonnasta, ainoastaan WinCapita elokuva saa puoltomme.

PUOLUSTUSRINTAMA ([email protected])

FOR ALL INTERESTED PARTIES

We ask the reader to treat this column impartially and without prejudice.

A lodged plaint and a Court application is available also on CD-ROM, but at present only in Finnish language. Its content has been clarified and investigated on the basis of an order given by the defense team established after the Finnish trials against the members of the investment club known in Finland as WinCapita.

Contrary to public perceptions in Finland, the authorities' actions related to WinCapita resulted in numerous erroneous solutions, as well as decisions violating high-level legislation, which are specified in the plaint. Despite claims to the contrary, WinCapita's conduct should not have been considered to involve any criminal offenses.

Hundreds of plaintiffs from many countries in the lawsuit are now demanding that the grounds for misinterpretation and misconduct by the Finnish authorities be rectified and confirmed, and that Finland had no competence or jurisdiction under European Union law to restrict WinCapita's service activities which were located exclusively in London.

These actions of the authorities resulted serious breaches of the EU Law, but no references to the Court of Justice of European Union were allowed to be presented for correct interpretation of the EU Law.

Account should also have been taken of the U.S. law governing WinCapita and its founder, a limited liability company incorporated in the United States. The US Law of LLC Companies stipulates that the company's owners and directors have no personal liability for any debts, obligations or other liabilities arising out of the company's operations.

Of course, the unilateral decisions of the Finnish authorities do not have jurisdiction to change these laws in force in the USA on any grounds presented here. Still, funds amounting to nearly five million euros have been seized by Finnish authorities from a bank account in London registered in the name of this LLC company, which accounted for all of the company's property and the loss of which ended the company's operations.

Despite the immunity explained above and guaranteed by the US law, the company's director has been convicted in Finland of alleged crimes committed in the investment club founded and run by the LLC company.

In addition, hundreds of club members who have lived in Finland and had participated in good faith in WinCapita's activities have had the income they have earned in the Club confiscated and have been ordered to pay the earnings to the Finnish state. Nearly a thousand foreign members were allowed to keep their money.

These actions have been taken even though the investment club and the company it founded had not organized any activities in Finland and nor had it here any assets, premises, staff nor even a bank account in any Finnish bank. There were many members of the investment club in Finland, but the company's operations took place exclusively in London.

The funds in the LLC's bank account in London were kept frozen starting from April 2008 and five years later ordered to be transferred to Finland at the request of the Finnish authorities, claiming quite incomprehensibly that the funds had somehow been accumulated in the company's bank account in London from the company's alleged operations in Finland.

The US LLC company was never given any notice of the claims concerning them, and thus the company could never even defend itself anywhere against the claims. The company’s assets were also alleged to be the personal assets of the director of the company, although U.S. law expressly provides that the assets of a limited liability LLC are not the personal assets of its owners or directors.

All coercion was kept secret for years.

Contrary to the authorities' view, the operations were fully in line with the activities of Forex Trading brokers still operating in the same way in the international market today. That activity has not been considered illegal anywhere else in the world, but this business was not sufficiently known here in Finland.

Nowhere else are members of investment clubs acting in good faith known to have been condemned to forfeit their earnings, especially to the state where they were not even earned. The confiscation claims of the members’ earnings in the club are amounting up to 60-70 million euros. It seems most obvious that a serious wrongful fiscal interest was present in the official actions of the Finnish authorities.

Additionally the destruction of the club’s proven business also caused enormous damage to nearly 12,000 members of the club who had deposited their assets in the club operations, but never had time to receive any income from the club before it was terminated. The image and understanding given to the public about this needs to be corrected in Finland.

Detailed justifications for errors and violations of the law can be found in the plaint. If necessary, you can ask the Defense Front for more details.

WinCapita's bona fide membership desires that the matter be brought to the attention of the public in such a way that the relevant violations of high law and treaties are accepted and detected, and that the obligations they imposed are also considered in public.

DEFENSE FRONT ([email protected])

Lataa HAASTEHAKEMUS