Ioan Stoica, the owner of Caritas, was evacuated in the dead of winter and is sleeping in the open air. At 76 he lived in a studio.

Ioan Stoica, the owner of the famous Caritas pyramid game, ended up being evacuated from the studio in Brasov where he lived for rent.

He has not paid for his utilities for several years, so the landlord filed for eviction, according to foaiatransilvania.ro.

When he arrived, at the age of 76, Ioan Stoica retired after the bankruptcy of Caritas de Cluj, in Brasov. Caritas was a pyramid-type game that ran in Romania between April 1992 and August 1994. It attracted millions of depositors from all over the country who invested more than 1 billion lei (between 1 and 5 billion US dollars). prior to filing for bankruptcy on August 14, 1994. At the time of filing for bankruptcy, he had debts of US $ 450 million.

The founder and owner of the company, Ioan Stoica, was sentenced in 1995 by the Cluj Court to a total of 7 years in prison for fraud, but he appealed and his sentence was reduced to just two years. Dissatisfied with this period, he appealed to the Supreme Court of Justice and his sentence was reduced to a year and a half in prison. He was released on June 14, 1996.

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