In Saint-Briac-sur-Mer, a financial scandal has emerged involving an alleged fraud of 106 million euros. A local resident, described as a wealth management advisor, is suspected of orchestrating a Ponzi scheme that has affected 492 investors. The scheme, run by Pascal N. through the company Émeraude Friends established in 2008, promised high returns, ranging from 12% to 27%, leading to significant investments from individuals, some of whom lost their entire fortunes. The Paris prosecutor's office has opened a judicial inquiry into the matter after a complaint was filed on March 24, suspecting fraud, forgery, and aggravated money laundering. The scheme's collapse has left many investors feeling betrayed and financially devastated, with some like Arnaud, a businessman, losing a million euros intended for a property purchase. Victims have dubbed Pascal N. the 'Madoff of Saint-Briac', referencing the infamous American fraudster Bernard Madoff, due to the similarities in the fraudulent schemes.
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