As such Generation Zoe and its associated companies have ongoing investigations in Argentina, and its creator, Leonardo Cositorto, is currently wanted by Interpol on charges of racketeering, racketeering and other criminal charges.
Una de las estafas más polémicas que tuvo lugar en Argentina en tiempos recientes, mejor conocida como Generation Zoe, is apparently beginning to have a presence in Colombia and several local media are warning about the risks this could pose to residents interested in its supposed commercial offers, which mask a pyramid-type scam a scheme that is designed to dupe people out of cash or crypto. that seeks to attract those with less experience in these matters.
Beware of Generation Zoe en Colombia
This is detailed in reports recently published by Infobae y The Weather , which show the presence of the controversial company in Colombian territory, which promotes itself as a professional training portal in which members could earn money and learn about topics, among which are some of great interest as trading and marketing of cryptocurrencies.
According to the investigations presented by both news media, members and representatives of Generation Zoe would be trying to recruit people in Colombian territory, this under the premise that they could be trained in disciplines such as ontology, digital digital technologies are these electronic tools that have the ability to generate, store or even process data. marketing, neuroscience, English and other 30 areas that advertise. This same information is detailed in some audios released by the local radio station W Radio, which also conducted an investigation on the business proposal offered by those working for the company of Argentine origin.
In one of the audios reproduced by the team of W Radio the representative of Generation Zoe he alleged:
“Generation Zoe is doing different things because they support you in the studio. It’s something unique (…) Here in Colombia they pay the DIAN billions a year for the movement of accounts, so the banks and the government don’t want it to go very well for them… If you refer people to you, you get a bonus. It is not mandatory.
The irregularities of Generation Zoe in Argentina
While the idea of participating in an educational program may not seem risky, the key to the issue lies in the history that precedes Generation Zoe, which is fraught with problems after its passage through Argentine territory where a large-scale investigation was carried out that uncovered major irregularities perpetrated by the company.
As such, Generation Zoe is known in Argentina as a controversial investment group run by ontological coach Leonardo Cositorto. The investigation in question revealed that the latter operated a business model that resembles a pyramid scheme, which offered a cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. allegedly backed by gold, which in turn would derive higher profits if users brought other people interested in investing.
At the time, the ONG Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. Argentina filed a complaint with the Office of the Attorney General of the Nation (PROCELAC) The indictment also coincided with actions taken by Cositorto and the investment group, in which it accused Cositorto and the investment group of committing crimes of swindling, collecting unauthorized public savings, and manipulating the market. This accusation also coincided with the actions taken by theComisión Nacional de Valores (CNV)which reported in mid-January that it was already conducting a formal investigation against the company and its main figure for the aforementioned charges, which also extended to the organization called Trading University S.A. .
The investigation in question determined that Leonardo Cositorto incurred in crimes of fraud, illicit association and other charges, so the authorities of Argentina requested support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. to Interpol to find the international capture of the latter since last January. He is currently a fugitive from the authorities and his whereabouts are unknown, but the investigative bodies have found the capture of some accomplices, such as Maximiliano Batista, second in command of Zoe and partner in several of the companies in the scheme, and Silvia Fermani and her son Claudio Álvarez, main figures of the company in Villa María, Córdoba.
Irregularities in your investment offer
The offences of swindling which are incurred by Generation Zoe under the management of Cositorto are detailed in its commercial offer.
According to information published in the user policies of the website of Generation Zoe , the company offers an investment system that derives an assumed monthly return of 7.5% – 20% on the contributed capital. For this, the company would handle three alleged plans:
- Classic: De USD $500 – USD $5,000
- Premium: From USD $5,001 – USD $10,000
- Intelligent: From USD $10,001 – USD $30,000 / From USD $30,001 – USD $50,000
Note: In the case of Colombia, deposits are made in Colombian pesos at their equivalent value at the COP – USD exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. rate.
All these plans would be subject to a permanence clause of about three years, and in case of non-compliance, there would be a 50% fine on the invested capital, and this could only be done after 12 months of participation. Otherwise, the official website does not offer more details to unregistered members, so most of the information is handled by the promoters who attract potential investors, who insist that the profitability margins may be higher if new referrals are brought to participate in this offer, which is a clear indication of a Ponzi scheme, which is criminalized by the laws in force in many countries, including Colombia and Argentina. .
According to reports published by various media, the irregularities are already beginning to be perceived because the company apparently failed to pay between January and February, which has generated criticism among those affected. Cositorto and his lawyer insist that this will be solved. and blame what happened on the accusations against Generation Zoe and your person .
What do the Colombian authorities say?
Perhaps the bleakest picture is presented by the Colombian authorities themselves, who are reportedly unable to do much about it.
According to The Weather, la Financial Superintendence of Colombia alleged that neither Generation Zoe, ni the Latin American Association of Christian Coaches S.A.S., nor the World Confederation of Coaches S.A.S. . are under your watch The products and services they offer have their main headquarters outside the national territory, but if they highlight the following:
“It should be noted that neither Generación Zoe nor the aforementioned companies are participating in the pilot project to carry out controlled tests in the sandpit of cash-in and cash-out operations in financial deposit producers on behalf of crypto-asset platforms.”.
Contrary to what was said by the promoter of Generation Zoe in one of the audios released by W Radio, there is no evidence that the company is actually complying with its tax obligations to the tax authorities.Dirección de Impuestos y Aduanas Nacional (DIAN).
And last but not least, neither Generation Zoe nor the other associated companies / entities are legally constituted before organizations such as theCámara de Comercio de BogotáAlthough it does not offer many guarantees given other cases of scams that generated a stir, it does not show who or who would be behind these companies, at least in Colombia.
In conclusion Be careful!
As can already be seen, there are many irregularities and inconsistencies in which it incurs. Generation Zoe, noting that its business model and commercial offerings are clear indicators that point to a scam of major proportions operating internationally.
Generally these deceptive offers seek to reach people with little knowledge about the subject, who motivated by the apparent benefits and rapid growth opportunities end up giving their capital capital is most commonly defined as the large sum of money you would use to invest. waiting for them to comply, which usually ends with a liquidated company, missing managers, stolen capital and a large number of victims who do not have even the slightest hope of recovering at least a portion of the money invested.
As always, we invite everyone to investigate and make the proper inquiries before getting carried away and invest investing is when you put money in a financial scheme with the intent of making a gain. capital in any offer that proposes to obtain apparently good returns on your investment, especially if they appeal to make use of new financial technologies such as cryptocurrencies, since not being regulated regulation is when something is controlled by a specific set of rules. products, there is very little that the authorities can do once the scam is perpetrated beyond trying to catch the alleged perpetrators.
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Article by Angel Di Matteo / DiarioBitcoin
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