Global Courant
The San Isidro justice system managed to dismantle a gang of fraudsters who had launched a Ponzi scheme that defrauded about 50 people and lost nearly a million dollars.
This is the company Real Capital, which operated through social networks and promised returns of up to 12 percent per month in dollars based on alleged investments in cryptocurrencies and construction.
The gang fell after eight simultaneous raids between the city and the province of Buenos Aires. The proceedings were ordered by prosecutor Alejandro Musso, who is in charge of the San Isidro Control Unit specialized in cybercrime investigations (UFEIC).
It was an investigation that lasted almost three months and ended with the arrest of at least four people on charges of fraud and illicit association. They called themselves “Reliable Partner”.
“Eight raids were carried out yesterday in the autonomous city of Buenos Aires, in San Fernando and in Quilmes, with the arrest of four people who managed to defraud 50 victims. with an estimated amount of around one million dollars,” explained the Justice and Security Minister of Buenos Aires, Gustavo Coria, in a press conference.
For his part, Musso said that “a Ponzi scheme is an investment scheme in which people plan the maneuver from the beginning with the idea of taking the victims’ capital.”
The Real Capital office where the gang operated
“They sweeten it with investments from different places, offering income between 8% and 12% per month in dollars; “That leads to people depositing a lot of capital, they keep it over time and what is ultimately generated is an abrupt withdrawal of that capital, in this case via cryptocurrencies,” he added.
He noted that “the problem, aside from the fact that cryptocurrencies are pseudo-anonymous and difficult to track, is that these people developed them from the beginning, so they have a fairly well-designed extraction system.”
He claimed that in this case, “the raid was able to identify and reconstruct the decentralized cryptocurrency wallets through which they filtered the cryptocurrencies that were converted into the money they looted from the victims, but it could not in this case not be confiscated.” Because apparently “they had hatched their escape plan, which was to go through various cryptocurrency nodes and cryptocurrency wallets in order to be able to hide it.”
He said: “Investigations are being carried out on this, but it will be difficult to recover the capital, that is the reality, because unfortunately if the maneuvers are in place to launch in this way, the plans are quite effective.”
In this regard, he warned “the people who think that it is easy to make profits in dollars and multiply them in this way, namely that everything that glitters is of course not gold, and well, we have to be ..” little consideration for these greedy people who are trying to get our capital.
Meanwhile, Minister Coria added that “possibly with the spread of this case, more cases could emerge?”
“We have cooperated very professionally and very seriously with the prosecutor’s office, not only in this case but in several cases that we have already carried out and currently we are in the process of investigating various cases,” he concluded.
