Jakub Leśniewski Total Finance, a company based in Warsaw, has been fined over 56,000 PLN by the Polish competition authority (UOKiK) for violating collective consumer interests. The company promoted investments in off-road vehicles, promising a guaranteed return of 20% and safety, which were found to be misleading claims.

The investment scheme involved consumers signing contracts and investing 10,000 PLN, with the expectation of monthly returns. However, the company failed to implement any mechanisms to ensure that consumers would not lose their invested funds, leading to significant financial risks for investors.

Additionally, the company provided false information regarding the vehicles involved in the investment. It misrepresented the identification numbers (VIN) of quads that had not yet been purchased, and the VINs provided were incorrect. The company also made contradictory statements about insurance requirements for the vehicles, further misleading potential investors.

UOKiK President Tomasz Chróstny emphasized the importance of clear and truthful communication in investment offers, stating that misleading consumers to gain their trust is unacceptable. The decision to impose a fine is not yet final, and the entrepreneur has ceased the disputed activities.

UOKiK is also investigating the company ARB, linked to Jakub Leśniewski Total Finance, as well as other companies previously associated with the entrepreneur, which have faced similar accusations of unfair practices.