Prison. Virtual until then, the threat took shape for Sadri Fegaier on Wednesday, October 2, with the searches by prosecutor Anne Proust on the last day of the trial for deceptive commercial practices against the founder of the insurance brokerage SFAM-Indexia and six of his companies. . band.
At the center of the case, the sales and claims management methods of SFAM, a specialist in the marketing of insurance contracts for mobile phones, tablets or computers, suspected of having implemented procedures that allowed them to be registered without processing applications. for termination and reimbursement of improper deductions linked to these contracts.
“In reality, Sadri Fegaier built his fortune based on a fraudulent “business model” and this is the result of a choice on his part”declared the prosecutor, before recalling that by agreeing in 2019 to pay a fine of 10 million euros within the framework of a transaction with the general directorate of competition, consumption and fraud repression (DGCCRF), the manager had “He admitted the facts.”
Applications applauded
Therefore, he requested against him a sentence of two years in prison, including six months with suspension of conditional freedom with the obligation to compensate the victims and pay the sums owed to the Public Treasury, but also a fine of 300,000 euros, the maximum provided by law. the Penal Code, the seizure of their real estate and the prohibition for five years of any survey and management activities. His allegations were applauded by several dozen civil parties who attended the hearing.
Against six companies of the group created since 1999 by Fegaier (SFAM, Foriou, Cyrana, Serena, Hubside and SFK Group), five of which have already been subjected to forced liquidation, the prosecutor requests fines ranging between 50,000 and 1.5 million of euros. .
In total, the file refers to 8 million insurance contracts that were subject to withdrawal, and in 2021, the DGCCRF estimated the sums collected by the SFAM group at more than 23 million euros thanks to the practices implemented.
Fegaier, who appeared evasive and withdrawn during interrogations in the previous days, broke down in tears during his final speech in court. “We managed to break Fegaier. “You took everything from me, you can take everything from me, I don’t care,” he said before adding that “It was not the plan to cause victims” and tell yourself ” I’m sorry ” for them.
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