Polish Olympic Committee Head Faces Charges Over Token Investment

Radosław Piesiewicz, the president of the Polish Olympic Committee (PKO), has been charged with criminal offenses, including paid protection and favoring creditors. The accusations are linked to his financial dealings, particularly an investment in cryptocurrency tokens.

According to the Prosecutor General's office, Piesiewicz faces charges under Article 230 §1 and 302 §1 of the Polish Penal Code. The first charge relates to accepting a watch worth 40,000 euros in exchange for influencing a decision at the Office of Competition and Consumer Protection (UOKiK). The second charge, concerning the "arbitrary satisfaction of specific creditors," involves allegations of acting to the detriment of other creditors during a period of potential insolvency.

“

The prosecutor has presented Radosław P. with criminal charges under art. 230 §1 and 302 §1 k.k., i.e., paid protection and satisfaction of a group of creditors to the detriment of others in connection with impending insolvency.

Piesiewicz reportedly invested 200,000 euros in two types of tokens on the Zondacrypto exchange in December 2025. He claims that when the exchange began facing financial difficulties in April of this year, he was unable to liquidate his investment and recover his funds. Sources close to Piesiewicz state that he and his lawyer prepared a report to the prosecution, providing transaction scans and correspondence, intending to report himself as a victim.

However, Piesiewicz ultimately did not file this report. Instead, prosecutors allege he acted in concert with others, specifically Przemysław Kral, in committing the offense under Article 302 §1. The prosecution is reportedly seeking his temporary arrest. Piesiewicz has denied the charges against him and provided extensive explanations to investigators.

“

He did not admit to the act he is accused of, but he gave extensive explanations.