Abroad for a good year, the businessman gave an interview to La Dépêche. If he recognizes some strategic errors, he ensures that he behaved like an honest business leader.
Where are you currently?
I left France more than a year ago. My private and professional life is abroad. I am currently with one of my children. The other two stayed in France.
Are you afraid that French justice will issue an international arrest warrant against you?
I’m not on the run! The French authorities know where I am. Moreover, to date, I have not received any summons of any kind. I have undoubtedly made strategic errors but I am not a crook! I’ve never built a Madoff system. Me, I have assets with yield. Photovoltaic power plants are very real. If I were a bandit, I would never have made the decision in June 2017 to put the holding company under the SNC regime. With this status, I, Michael, am jointly responsible for CN2i’s debts until my death! In addition, from June 2019, we completely curbed the “solar kit” activity because we were going to reach the critical mass in number of investors for the photovoltaic activity. It was completely abandoned in March 2020. We had to diversify to guarantee the same returns. Unfortunately, the health crisis has been there and it has completely undermined our real estate development strategy through hotels and Airbnb rentals.
In the brochures concerning the Serenity villages, you take advantage of partnerships with leading associations. Is this really the case?
There, I want to admit that we were a little too hasty when we wrote that the ADMR or other organizations were with us in the project, we should have written that we were considering making new partners.
Interview by Sébastien Girardel
A passage through Serbian prisons
The event had made the headlines in the Tarn in November 2011. A certain Michael Fraysse, Puygouzonais by adoption, business manager in Toulouse, was imprisoned in Serbia. We learned in this article published in the Dépêche du Midi on 24/11/2011 that the current boss of CN2i was of Romanian origin and had been adopted at the age of 5 by a family from the Tarn. During one of his many trips to his native land to find his brothers, the man who claimed to be the boss of eight companies at the time was intercepted in the middle of the night by the Serbian police at the border. In his Mercedes 4×4, the agents had discovered an alarm pistol (non-lethal defense bullets, editor’s note). He had then tasted the Serbian jails for a few weeks before his trial for illegal possession of a weapon.
The French consul in Serbia who came to visit him in prison said: Michael is very tired, he sleeps little or badly, writes a lot. He asked the prison doctor for painkillers to help him sleep. He complains of the cold and the loneliness. The four inmates in his cell are exclusively Serbian-speaking. Michael expresses serious concern about the eight companies he manages and for which his presence is essential in December (signing of contracts). He considers the possibility of making a power of attorney in the name of his father so that he signs in his place. »
He was eventually released on bail pending trial.