Fraudsters used Tipos, the state-owned lottery firm, to launder money
Dozens of fraudsters used Tipos, the state-owned lottery firm, to launder money, say company’s employees. The fraudsters sent €20m to their Tipos accounts and without playing any Tipos game, the money was sent to their bank accounts. Banks reported the money as winnings, i.e. ’clean’ money. The employees allege that Ján Barczi, Tipos’ CEO, covered up the issue. Tipos closed 142 game accounts in spring 2018 and informed the police, but set the fraudulent transactions at only €0.3. Earlier this year, the police closed the case, saying no fraud took place. Tipos lost money on the fraud too, as it was paying fees to banks and payment companies on the fraudulent deposits. The company has already made changes to its systems and no longer allows money to be sent without betting.