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Demo for hurt Quaestor clients to be held

History

Victims of Hungary’s largest ever financial scandal will gather in Budapest tomorrow, April 11, at 3.00 pm in Báthory utca 4, to demonstrate against the negligence which caused the loss of their savings, the organizers said in a press release today.

An official statement from the 32,000 Quaestor Victims Facebook Group said: “We, the demonstrators, accuse the government of criminal complicity in a “ponzi” scheme that led to the recent collapse of Quaestor, a brokerage that had been handling the savings of Hungarian citizens since 1990. Quaestor’s issue of €500 mln worth of fictitious bonds has wiped out the savings of 32,000 households, and we expect thousands of our supporters and fellow victims to join the protest from all over Hungary.”

Éva Himmer, one of the main organizers of the event, saw her retirement savings disappear overnight: “I’ve lost everything, so I have nothing left to lose,” she said. Csaba Végh, another Quaestor victim turned organizer, said “I work in healthcare in the United Kingdom. My savings were wiped out on March 9, 2015 at Quaestor.” Végh added that in his opinion “Orbán had insider information and urged the ministries to withdraw money from brokerage firms. But he did not signal this to us: We demand full compensation for our loss of savings.”

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