Polish Olympic chief arrested in Zondacrypto probe

Radosław Piesiewicz, president of the Polish Olympic Committee, has been arrested and charged with two offenses as prosecutors investigate payments and financial ties connected to the collapsed crypto exchange Zondacrypto. Summary Prosecutors charged Piesiewicz with paid influence and favoring certain creditors over others. Investigators are examining an alleged €40,000 watch and Piesiewicz’s withdrawal of exchange funds. Zondacrypto customers face estimated losses of at least 350 million zlotys, or $94 million. Authorities have secured more than 100 million zlotys that could fund compensation claims. Poland’s Justice Minister and Prosecutor General Waldemar Żurek confirmed the arrest on Aug. 27, saying Piesiewicz had been taken into custody as part of the Zondacrypto investigation. Following questioning at the Silesian branch of the National Prosecutor’s Office, Żurek said prosecutors charged Piesiewicz under Articles 230 and 302 of Poland’s criminal code. The allegations concern paid influence and satisfying one group of creditors at the expense of others while insolvency was approaching. Piesiewicz has not been convicted, and prosecutors have yet to publish a full account of the...