Today: Feb 16, 2026

Ex-pyramid scheme owner allows government to take deposited money in Greece

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17 years ago
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TIRANA, April 22 – Lefter Cenaj, former owner of a fake pyramid investment scheme named as Cenaj, entitled the Albanian government to take his money deposited at the Greek banks.
That was the first move of its kind by any manager of the former pyramid schemes, many of them now in prison. No one from at least 24 former companies, had accepted to have money deposited in other countries.
The failure of their schemes in 1997 took the country to the brink of anarchy with people looting army depots and taking the country into lawlessness for days on end.
Political parties created a temporary government and the country was also assisted by thousands of NATO member countries’ soldiers protecting main objects till the rule of law was reestablished in the country.
Cenaj issued procurement to the Albanian authorities to represent him at a trial in Greece to claim the money deposited in some Greek banks.
Cenaj is serving 10 years of imprisonment for deceit.
Cenaj also served five years and a half imprisonment in Greece for the same charges and the neighboring country also sequestered some eight million USD.
Cenaj owes some six billion ALL to more than 25,000 Albanians.

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