this service may shut down in june 2027
Brought to you by: Loki Andres | Business/Finance & Adrien Ward, John Walker | Crime/Legality
~ 460 words
The 32-year-old Director of Orleans Socite was found guilty of fraud on 9 February, and sentenced to 10 years of jail by High Judge Rick B. Ceasorean.
In 2017, Nathan Orleans founded Orleans Socite, a company that offers financial advice and support to clients. It received an overwhelming positive response as thousands of customers flocked to its centers. The center had a reportedly 70% success rate, with many clients recommending the center to their friends, families and colleagues.
Orleans Socite continued growing rapidly with more centers popping up around the world. It had more than 70 centers in New Hampton at one its peak, achieving MOF's "Most Popular Financial Advisers".
In 2022, Orleans Socite declared bankruptcy and closed down for good. Many customers had lost their savings and investments to empty companies that seemed too good to be true. Orleans Socite released a statement, shown below, explaining that it was due to a "Technical glitch in the systems".
"Due to our IT department's carelessness in maintaining the system and keeping information up-to-date, our employees referred to outdated and inaccurate information, thus making unfavourable choices and losing the trust our clients had in us. We apologise sincerely, and hope to meet again."
At least 45,000 business owners and individual investors were affected, as the latest reports from the MOF.
Nathan Orleans withdrew from the public eye after his company's failure, and continued to live in Illisos for 3 years until 2025, when an employee (whose identity has been withheld) from Shacklebolt Corporation, accidentally discovered that Nathan Orleans had more than 30 million in his bank account.
The huge sum raised suspicions and Shacklebolt Corporation lodged a police report against Orleans Socite on 14 December 2025. The police launched an investigation into the abrupt downfall of Orleans Socite, and quickly reached the conclusion that Nathan Orleans had falsified the "Technical glitches", and he retreated with $50 million IC.
Enzo Frier Stravoski, a spokesman and board director of Shacklebolt Corporation, has publicly praised the employee and announced gifting the employee a 10,000 IC care package.
"The employee is a hero, even if it was an accident. Imagine solving a 3 year mystery, and returning peace to more than 45,000 people! We have gifted the hero a 10,000 IC bonus, out of the $5 million compensation we received from Mr Orleans."
Nathan Orleans was sentenced to jail for 10 years with one chance of appeal to the High Court. His term starts on 10 February 2026 and will end on 10 February 2036. He was also ordered to pay Shacklebolt Corporation $5 million IC, the Ministry of Finance $4 million IC, Santo Janiero $7 million, the Royal Police Force $2 million and 34 other different investors each $500,000 IC.
Click to Return (Redirect)