"MIC solicited deposits (around €2,000 minimum per investor) to buy digital “artwork” contracts and shares in luxury goods, like yachts, Ferraris, and gold, with guaranteed buyback and fixed profits that were unusually high, at around 20% per year. Romillo told the court during his appearance Friday that he intended to pay investors back and has even returned money to 2,700 parties, though he did so in cash and claimed to have no way to account for the payments."

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