The case started on November 12, 2021 as a result of the complaint of an individual who requested that an investigation be carried out alleged fraud and economic fraud to the treasury by the organization “Generation Zoe”, given that “under the guise of a supposed cult and a fake university…offers[ría] graduates in cryptocurrencies and coaching”.
There it was pointed out that the objective of the holding company was “attract young people and adults in vulnerable situations with promises of obtaining vast wealth without having to work, just by investing US$1,000”.
The same complaint detailed that as compensation for the initial investment “earnings of more than $100,000 per month without doing anything” were promised and that for those who could not invest they should “capture five or ten victims who put the requested money to be able to enter”.
It was also noted in the court filing that, in order to attract investors, “Leonardo Cositorto promises to support operations with gold, claiming to be the owner of a mine located in the province of Jujuy”as it arises from the instruction requirement.
A few days ago, a preliminary investigation carried out by the Office of the Attorney for Economic Crime and Money Laundering in order to investigate the same facts, as a result of the complaint made by Javier Madariagaon behalf of the Civil Association Decodes (NGO Bitcoin Argentina).
This NGO has a legal area that has been following “the public actions and interventions of the different companies of the ZOE group and their managers”, as was duly informed through a statement.
“There are enough elements for the justice to investigate and check if it is that through coercive coaching, educational training and finances, Those who run this business group carried out a fraud known as a ‘Ponzi Scheme’ or pyramid scaml, in addition to other possible crimes such as unauthorized savings capture and market manipulation,” they then pointed out from the NGO Bitcoin Argentina when they filed a complaint against Generación Zoe before Procelac.
The complaint pointed to “the possible commission of the crimes established in the art. 172, 309 and 310 of the National Penal Code” and imputes “by virtue of the complexity of the facts to anyone who is criminally responsible for the crimes against property and against the economic order indicated”.
The NGO Bitcoin Argentina is a non-profit organization that promotes the development of decentralized ecosystems through cryptocurrencies and blockchain technology. In that statement he pointed out that “one of the objectives as an organization is to promote healthy development of an industry that has enormous potential for the country and the Argentines, as is the case with cryptocurrencies and blockchain technology.”
Source: Ambito
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