{"id":78811,"date":"2026-09-29T05:36:08","date_gmt":"2026-09-29T05:36:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/lithuanian-crypto-entrepreneur-scores-legal-win-as-suspicions-dropped\/"},"modified":"2026-09-29T05:36:08","modified_gmt":"2026-09-29T05:36:08","slug":"lithuanian-crypto-entrepreneur-scores-legal-win-as-suspicions-dropped","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/lithuanian-crypto-entrepreneur-scores-legal-win-as-suspicions-dropped\/","title":{"rendered":"Lithuanian Crypto Entrepreneur Scores Legal Win as Suspicions Dropped"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Prosecutors dropped laundering and bribery suspicions against Vilhelm German, citing insufficient evidence.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">A Vilnius court upheld defense objections, returning German\u2019s \u20ac23 million crypto case.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Lithuanian prosecutors have six months to correct two procedural deficiencies.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>German\u2019s Defense Gains Ground as Prosecutors\u2019 \u20ac23 Million Crypto Case Hits Snag<\/h2>\n<p>According <a href=\"https:\/\/www.lrt.lt\/naujienos\/verslas\/4\/3054057\/teismas-grazina-foxpay-byla-prokurorui-skiria-pusmeti-trukumams-istaisyti\" target=\"_blank\" rel=\"noopener noreferrer\">to regional reporting<\/a>, Vilhelm German has emerged from two developments in Lithuania\u2019s Foxpay investigation with his legal position strengthened. Prosecutors have abandoned money laundering and bribery suspicions against the businessman, citing insufficient evidence, while a separate \u20ac23 million cryptocurrency mining case has been returned to prosecutors over procedural failures.<\/p>\n<p>The court\u2019s findings validated objections raised by German and his defense, including the improper use of machine translations and the failure to question key witnesses. Prosecutors now face a six-month deadline to correct those deficiencies before the mining case can proceed.<\/p>\n<h2>Prosecutors Drop Suspicions After Exhausting Investigative Avenues<\/h2>\n<p>The decision to terminate the laundering and bribery investigation marks a significant development for German. The prosecutor\u2019s decision concludes that the evidence gathered was insufficient to substantiate German\u2019s guilt and that opportunities to collect additional evidence concerning those allegations had been exhausted.<\/p>\n<p>Accordingly, prosecutors terminated the suspicions under Criminal Code Articles 216(1) and 227(3), concerning <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/ireland-rolls-out-anti-money-laundering-strategy-targeting-crypto\/\">money laundering<\/a> and bribery, respectively. The wider Foxpay investigation previously involved allegations that at least \u20ac17 million had been laundered between 2023 and 2024, alongside approximately \u20ac100,000 in alleged bribes. Seven individuals were identified as suspects in April 2026.<\/p>\n<p>German was never indicted on the laundering or bribery allegations. The decision formally closes those particular suspicions against him, although it does not terminate the wider Foxpay investigation.<\/p>\n<h2>Court Backs Defense Objections, Flags Two Significant Prosecutorial Failures<\/h2>\n<p>German\u2019s defense secured another favorable development on Sept. 16, when the Vilnius City District Court returned the separate cryptocurrency mining case to the Prosecutor General\u2019s Office. The court identified two procedural deficiencies that prosecutors must correct.<\/p>\n<p>First, most of the case material had been translated into Lithuanian using eTranslation, an automated service operated by the <a href=\"https:\/\/news.bitcoin.com\/european-commission-launches-mica-review-targeting-stablecoins-defi-and-staking-rules\/\">European Commission<\/a>. Lithuanian criminal procedure does not provide for translating criminal case materials into the state language through such automated means, rendering the translations improper.<\/p>\n<p>Second, key witnesses had not been questioned during the pre-trial investigation. The court determined that prosecutors couldn\u2019t simply shift that responsibility onto the judiciary. German and his defense had previously challenged the clarity of the suspicions and the comprehensibility of the translated materials. The court\u2019s decision to return the case upheld the substance of those procedural objections.<\/p>\n<p>Prosecutors now have six months to remedy the deficiencies before resubmitting the proceedings.<\/p>\n<h2>German Maintains Innocence as \u20ac23 Million Case Returns to Prosecutors<\/h2>\n<p>The <a href=\"https:\/\/www.bitcoin.com\/what-is-bitcoin-mining\/\" target=\"_blank\" rel=\"noopener noreferrer\">crypto mining<\/a> case, separated from the wider Foxpay investigation in December 2025, concerns allegations that German and three other individuals fraudulently acquired cryptocurrency mining equipment valued at more than \u20ac23 million. Prosecutors brought the indictment in April 2026, but German has consistently denied wrongdoing, characterizing the allegations as a commercial dispute already subject to arbitration. He has maintained that he intends to establish his innocence in court.<\/p>\n<p>All four defendants remain presumed innocent, and the court\u2019s decision to return the mining case does not constitute an acquittal. For German, the termination of the separate laundering and bribery suspicions removes two allegations from his legal troubles, while the court\u2019s procedural findings place the burden squarely on prosecutors to repair their mining case.<\/p>\n<p>After challenging the prosecution\u2019s handling of the evidence, his defense now has a ruling requiring those deficiencies to be addressed before proceedings can resume.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/lithuanian-crypto-entrepreneur-scores-legal-win-as-suspicions-dropped\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Prosecutors dropped laundering and bribery suspicions against Vilhelm German, citing insufficient evidence. A Vilnius court upheld defense objections, returning German\u2019s \u20ac23 million crypto case. Lithuanian prosecutors have six months to correct two procedural deficiencies. German\u2019s Defense Gains Ground as Prosecutors\u2019 \u20ac23 Million Crypto Case Hits Snag [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":78812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78811"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78811"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78812"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}