Dirk said:
Knuckles, do you happen to have a translation of this available?
Translation: (Mind you i dont do this for a living, so if anything is uncorrect please let me know so i can edit
"There has been a policereport filed on Bridgegroup"
By Cecilia Johansson
Updated 26th of july 2005 16.03
The lotteryinspection has reported Bridge group to the police. Authorities claim that the company is involved in illegal pyramid activity - totally unfounded says the companys lawyer Lars Felth.
Sydsvenskan has previously told about the investmentcompany Bridge that brings small savers into paying a membership fee of up to 16900 SEK to be able to do nice venturedeals with good profit in nonstockpublished companies.
So far no actual stockdeals have been made. Instead members can become so called "agents" and make money by recruiting new members for Bridge. And thats what the lotterycommision is turning against in its accusations. A company where members can only make money from recruiting new members is an illegal pyramidscheme and therefore a crime against the lotterylaw (Optima: in sweden i guess, no idea what that law contains).
- There is an almost unlimited amount of networkingarragements like this. So we only look at the most obvious. Through later years we have done about 5-6 policereports, says Peter Alling, lawyer at the Lottery-inspection (Optima: again freely translated name of an government agency...)
Kjell Nilsson, known corporate leader and also previous leader of "trelleborgconcernen" works as an advisor for Bridge. He thinks the policereport is wrong but wont go into the reasons why.
How does the policereport affect your commitment in the company?
- I have nothing more to add, I am not Bridge.
But you work as their advisor?
- Theres one hell of a difference isn't there, says Kjell Nilsson and hangs up.
Bridge group has their main headquarters in the taxparadise of Belize in central America. In Sweden the company is represented by GICM Scandinavia and CEO Mats Jäderberg. He wont comment the policereport by refers to the legal council of the company:
- I see the accusations as both wrong and unfounded. Its based on information from members that made their own homepages and sent mail with information that doesnt correspond to the companys view, says Lars Felth who is a lawyer and acts for the company.
His biggest objections go on the fact that the first stock-deal (Optima: May be more correct word for that...) is on the move and that the company therefor cant be counted as a pyramidscam. First prospect is expected complete in august. At that time members of Bridge are expected to be offered newly emitted stocks in the Gothenburg based company Mindark PE for a total of 30 million SEK. The original Mindark went bankrupt during spring 2003 and a new company took over the original bankrupt companys affairs.