JuicyFields
A purported medicinal-cannabis 'e-growing' investment platform that was in fact a Ponzi scheme. From 2020 to 2022 it took about €645M (~$688M) from ~186,000 investors with promises of 6–14% monthly returns, then froze withdrawals. Europol coordinated nine arrests in April 2024.
Also known as: JuicyFields, Juicy Holdings, juicyfields.io
Summary
JuicyFields (Juicy Holdings B.V.) marketed an "e-growing" scheme in which people paid from €50 to fund medicinal-cannabis plants and were promised a share of the profits, with advertised returns of roughly 6–14% per month. In reality, authorities say no cannabis was meaningfully grown and earlier investors were paid with later investors' money — a Ponzi scheme. [1][2]
Scale and outcome
Europol and Eurojust estimate around €645 million (~$688 million) was taken from about 186,000 contributing investors (over 500,000 registered) before the platform froze withdrawals and its operators disappeared in July 2022. On April 11, 2024, a Europol/Eurojust-coordinated operation across 11 countries led to nine arrests and dozens of searches, with assets seized. [1][2][3]
Bracketed numbers refer to the numbered sources listed below.
People & entities involved
Sources (3)
See also
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)TokensA 2017–2018 ICO (BCT tokens, ~$30M) for a 'Blockchain Terminal' — a Bloomberg-style crypto trading terminal. The SEC and DOJ said convicted ex-hedge-funder Boaz Manor secretly ran it under a fake identity ('Shaun MacDonald'), using associate Edith Pardo as a front, and lied about the product's adoption.
- Crowd Machine (CMCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.