Emmanuel Namer, a 27-year-old entrepreneur, was arrested on February 3 and charged two days later over alleged fraud involving public CPF funds.
The man headed Devola Group, a set of online training companies that reached 15 million euros in revenue in 2023. Investigators believe he diverted 6.7 million euros between January 2020 and April 2023 from the Caisse des dépôts.
Namer was arrested at his home near Chambéry in Savoie. He is suspected of organized fraud and misleading commercial practices. A police source said the training courses were financed by the personal training account, a public scheme.
The case ends a rapid success story. Namer was described as highly regarded in his region and spent part of his life in palaces.
