#ArizonaBTCReserve The founders of the crypto fintech firm Bankera used funds from the project's initial coin offering in 2018 to purchase luxury properties around the world, according to a report by the Organized Crime and Corruption Reporting Project.
The OCCRP reported on April 28, citing leaked company records and bank statements, that nearly half of the 100 million euro (114 million dollar) ICO funds from Bankera were transferred to a bank in the Pacific island country of Vanuatu that was purchased by the project's founders, Vytautas Karalevičius, Justas Dobiliauskas, and Mantas Mockevičius.
Shortly after, the Vanuatu bank began granting millions of euros in loans to companies owned by the trio to build a luxury real estate portfolio, which included a villa on the French Riviera and high-end properties in Lithuania, where the project was founded.
