Note: This case was overturned on appeal, which you can read here. Justice has finally caught up with the two directors of JP Construction, John Olsen and Peer Pedersen, three years after the company shut down its operations owing hundreds of thousands of euros to clients in Monaco and along the Riviera who had entrusted building projects and large deposits to the Monaco-registered operation. The exact amount of losses incurred by customers may never be known, since the two men had encouraged clients to pay in cash to avoid VAT. … Continue reading JP Construction fraudsters sent to jail in Monaco