Issuer: SCHIRP & PARTNER Rechtsanwälte mbB / Key word(s): Legal Matter/Research Update
Juicy Fields scandal – a huge money laundering case. What is the European Banking Authority doing? The aggrieved investors are organising themselves
31.10.2025 / 11:27 CET/CEST
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Juicy Fields scandal – a huge money laundering case. What is the European Banking Authority doing? The aggrieved investors are organising themselves

The Juicy Fields scandal is the biggest cannabis fraud of all time. Over 186,000 investors invested €645 million in cannabis plants (for medical use). In the end, it turned out that the plants did not exist and the money was lost. Some of the perpetrators are in custody, others are on the run.

At the centre of the legal proceedings is the Cypriot company iSX Financial EU Plc. iSX was the payment service provider through which the Juicy Fields perpetrators collected the investors' money and transferred it out of the EU. iSX has all the necessary licences under EU law and is subject to supervision by EU institutions. There are sufficient grounds for suspicion to hold iSX accountable for involvement in investment fraud, or at least for money laundering. This is because iSX must comply with all money laundering prevention regulations under EU law and bears the burden of proof for this. If violations can be proven, iSX is liable for damages. The first court proceedings are already underway.

The investors are also calling on the European Banking Authority (EBA) to take action. Under EU law, the EBA is responsible for the supervision of all payment service providers, including iSX. The investors informed the EBA back in July and called on it to intervene. The EBA has been reminded of this several times since then. However, nothing has happened to date. The investors will not let this rest. How is it possible that the EBA is not actively investigating the largest money laundering case in European history? The victims are calling on the European Parliament and the Commission to intervene.

Aggrieved investors can register on the platform Informative video conferences will take place on 4 November 2025 (in German) and 6 November 2025 (in English).

For further information, please contact:

Solicitor Dr Wolfgang Schirp and Sebastian Kowalczyk, LL.M.

Kantstraße 149, D – 10623 Berlin, Tel. 0049-30-32761734 and 0049-179-5320213

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