About Andras Tothfalussy and his loans
General
Hong Kong - $300k
Hong Kong - $300k
Mr. Andras Tothfalussy (born 25/9/1981) has been active in trading of used electronics, including through entities such as Secondlife Electronics Trading LLC, Translucent Cellular LLC, Float Communications HK Ltd, VHPF (CZ), Repamach s.r.o. (SK) Palneca GmbH (DE), and other associated companies.
Please note that multiple investors/lenders
Mr. Andras Tothfalussy (born 25/9/1981) has been active in trading of used electronics, including through entities such as Secondlife Electronics Trading LLC, Translucent Cellular LLC, Float Communications HK Ltd, VHPF (CZ), Repamach s.r.o. (SK) Palneca GmbH (DE), and other associated companies.
Please note that multiple investors/lenders have reported significant unpaid loans connected to Mr. Tothfalussy’s businesses (a seven digit amount - pls also refer to the provided specifics on this site).
Hong Kong - $300k
Hong Kong - $300k
Hong Kong - $300k
Between 2020 and 2022, Mr. Tothfalussy obtained loans in Hong Kong that remain unpaid. In October 2023, the Hong Kong International Arbitration Centre issued an enforceable award exceeding USD 300,000 against Mr. Tothfalussy and Float Communications Ltd. (Case No. HKIAC/23011). The award is enforceable internationally under the New York C
Between 2020 and 2022, Mr. Tothfalussy obtained loans in Hong Kong that remain unpaid. In October 2023, the Hong Kong International Arbitration Centre issued an enforceable award exceeding USD 300,000 against Mr. Tothfalussy and Float Communications Ltd. (Case No. HKIAC/23011). The award is enforceable internationally under the New York Convention. According to the tribunal record, Mr. Tothfalussy did not participate in the proceedings or respond to formal communications. Mr. Tóthfalussy also evaded enforcement by changing companies and “hiding” behind family addresses in order to conceal his actual whereabouts.
USA/1 - $800k
USA/1 - $800k
USA/1 - $800k
In Spring 2025, Hermelindis Stiftung filed a complaint in the Civil Court of Miami-Dade County after Mr. Tothfalussy stopped paying interest on an $800,000 loan for Secondlife Electronics Trading LLC. Following unsuccessful settlement discussions, the Stiftung elected not to pursue the complaint further, given that other creditors had alr
In Spring 2025, Hermelindis Stiftung filed a complaint in the Civil Court of Miami-Dade County after Mr. Tothfalussy stopped paying interest on an $800,000 loan for Secondlife Electronics Trading LLC. Following unsuccessful settlement discussions, the Stiftung elected not to pursue the complaint further, given that other creditors had already incurred significant expense obtaining enforceable judgments against Mr. Tothfalussy - only to see enforcement frustrated by Tothfalussy. In the HK case for example, Tothfalussy evaded satisfaction by disappearing, changing companies and email addresses and shielding himself through family addresses. The creditor is currently pursuing other avenues to bring Tothfalussy to justice.
USA/2 - $2mil
USA/1 - $800k
USA/1 - $800k
A separate complaint was filed in the Civil Court of Miami-Dade County by Stuart Sunderland - one of a group of U.K. investors - in connection with a roughly $2,000,000 loan to Secondlife Electronics. That matter was reportedly settled for approximately 75% of the loan amount. Whether Mr. Tothfalussy has complied with the settlement terms is not known to us.