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Polish Olympic Chief Arrested as Prosecutors Probe Suspected Crypto-Linked Bribe
Authorities say Radoslaw Piesiewicz took bribes for a sponsorship deal that promised Olympic medallists cryptocurrency prizes and exposed investors to a $94 million loss.
- On Thursday, police arrested Polish Olympic Committee president Radoslaw Piesiewicz on suspicion of accepting bribes from a crypto trader for sponsorship deals. Sports Minister Jakub Rudnicki confirmed the arrest, stating Piesiewicz "discredited Polish Olympics."
- Authorities allege the crypto fund Zondacrypto was "in reality a Ponzi scheme," causing $94 million in losses for around 30,000 victims. Interior Minister Marcin Kierwinski described Piesiewicz as a "symbol of the extreme corruption plaguing the Olympic movement."
- Media reports said Piesiewicz received a watch worth 40,000 euros from Zondacrypto chief Przemyslaw Kral. The committee signed a deal offering crypto bonuses to medallists at the Winter Olympics in Milano-Cortina.
- Prime Minister Donald Tusk told parliament that Zondacrypto's founder had "disappeared" and was "very probably" dead. Former justice minister Zbigniew Ziobro fled to the United States, while deputy Marcin Romanowski remains in Moldova.
- Investigations continue into Zondacrypto's links to "Russian mafia" money and the broadcaster Republika. Kral is cooperating with prosecutors seeking a lighter sentence as President Karol Nawrocki faces scrutiny for blocking crypto market regulations.
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20 Articles
20 Articles
Accused of accepting bribes from a cryptocurrency trader in exchange for sponsorship deals - Cryptocurrency as prizes at the Milan-Cortina Winter Olympics
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Keep our news free from ads and paywalls by making a donation to support our work! Notes from Poland is run by a small editorial team and is published by an independent, non-profit foundation that is funded through donations from our readers. We cannot do what we do without your support. The president of the Polish Olympic Committee (PKOl), Radosław Piesiewicz, has been detained as part of a criminal investigation into Zondacrypto, a cryptocurre…
·Kraków, Poland
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Olympic boss Piesiewicz is stuck in Kryptobetrage for alleged involvement.
·Berlin, Germany
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Coverage Details
Total News Sources20
Leaning Left1Leaning Right5Center3Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
11%
C 33%
R 56%
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