Toulouse: Mickaël Fraysse the Tarn entrepreneur who allegedly embezzled 35 million euros
A Toulouse entrepreneur, originally from Albi, in the crosshairs of justice. Mickael Fraysse, former manager of CN2i, is currently untraceable. It is suspected of defrauding approximately 400 investors whom he called his “families”. The damage would be around 25 to 35 million euros.
It all starts at the beginning When 2010s. this courtier “offering small savers to invest in solar power plants” explains Toulouse lawyer Me Ibrahima Bangoura, lawyer for around fifty victims of the businessman. “He promises 6 to 10% yield”, explaining how to resell the electricity produced to various distributors including EDF. Everything seems “clean” and business is running. Investors, “often retirees who have invested part of their savings” specifies the council, perceive the returns proportional to the invested share, so much so that Mickael Fraysse proposes a time to buy back the solar kits to several investors. The health crisis would have finally revealed a large-scale fraud.
A Ponzi scheme: a totally illegal scheme
In 2020, the manager announces to his “families” that he can no longer pay the returns “While the sun is still shining” smiles the lawyer who noticed “that CN2i had invested in parallel in the hotel sector in Spain, France and Romania”. Anger of customers who demand the redemption of their share, as provided for in the contract. Mickael Fraysse, whose company CN2i probably only had a mailbox in a business center in the Jean-Jaurès district of Toulouse, plays dead. While the business model specifies that resold electricity makes it possible to remunerate investors, small savers understand that “the money from the new investors was actually used to pay the old ones”: it is “a Ponzi pyramid and it’s totally forbidden”. “Mr. Fraysse would affirm it in internal circulars” we explain a source familiar with the matter. With the economic recession, investors would have become scarce and the bubble would have burst.
Today, the Albigensian would be abroad, perhaps in a Spanish-speaking country without an extradition agreement with France. He took care to close his bank accounts and allegedly embezzled 25 to 35 million euros via tax havens. Impossible to recover debts while some savers have been placed up to 600,000 euros in this investment, “the average basket of victims of Fraysse is around 50,000 euros” says Me Bangoura.
Is there a criminal group behind Mickaël Fraysse?
Me Ibrahima Bangoura, who defended around fifty clients, including one from Haute-Garonne, seized the commercial court which placed CN2i in liquidation and appointed a legal representative, but it is the criminal aspect which is now gaining momentum. thickness . The public prosecutor of Toulouse Samuel Vuelta-Simon has withdrawn in favor of the Bordeaux JIRS – a specialized court with significant resources in the fight against international crime.
Mickael Fraisse, a man with a sumptuous lifestyle who occupied a villa in the upscale town of Lacroix-Falgarde, is he a straw man in the pay of unscrupulous financiers? Where are the vanished tens of millions sleeping? Did the entrepreneur “learn his skills” with the brokerage firm Legendre Patrimoine – which had legal issues – as the site claims www.warning-trading.com ? This is what justice will try to find out. Questioned by our colleagues from The Midi Dispatchthe respondent claimed to want to return to France “when the case will be judged properly” and “not to be on the run”.
Photo – Me Ibrahima Bangoura