The capital market regulatory body explained that it was not operated with bonds, actions or other negotiable values, so it lacks competition to apply some sanction. The businessman is still arrested, accused of scam and illicit association.
Three years after the beginning of the investigation, the National Securities Commission (CNV) acquitted a Leonardo Cositortoto Zoe generation and the university of trading considering that the capital market law was not violated. Anyway, the employer is still imprisoned while the trial against him progresses for Scam and Illicit Association.
According to the capital market regulatory agency, or Cositorto nor the two companies he used for his entrepreneurship operated with bonds, actions or other negotiable valuesso it lacks competition to apply some sanction.
Through a statement, they reported: “Prima facie, the material collected prior to intimidation to cessation and subsequent summary instruction, gave indications of a possible collection of public savings through elements and mechanisms whose control and regulation rest on this CNV ”. Finally, he concludes that “There was no infraction.” Anyway, they clarified that this does not mean that they cannot have responsibility in the case at the judicial level.
Zoe generation was a company that offered a trust under the promise of obtaining a high percentage of dollars. Also proposed to its customers to buy a cryptocurrency called Zoe Cashwho assured that he was backed by gold.
Although the company effectively carried out these operations, only since 2024 the National Securities Commission It forces the entities that work with cryptocurrencies and digital assets to register in an official list.
JUDGMENT AGAINST LEONARDO COSITORTO: The last witnesses will declare this month
Although the CNV acquitted Cositorto, in parallel the judicial investigation continues for alleged pyramidal scam. The last witnesses of the case will declare this month, then the reading of the allegations will be made and the verdict of the process that began on October 16 will be known.
In addition to Cositorto, they are also charged with the case Miguel Ángel Echegaray, Maximiliano Javier Batista, Lucas Damián Camelino, Nicolás Ismael Medina and Javier Sebastián Medinawho will declare this month
Cositorto ratified his innocence and pointed out: “If this trial were oral and public and is within a context of legality They cannot condemn a fact that did not exist because a scam is done in person and an illicit association is stupid“He said in dialogue with Argentine news.
In turn, he denied that there is a criminal offense and reprimanded to have been arrested for 32 months: “The company destroyed us. A shameful thing that happens in Argentina. Corruption, mafia and parallel state“
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
