Pyramid scam in San Pedro: the main suspects were arrested

In the midst of the investigation into the alleged massive scam in Saint Petertwo men linked to the financial company Over Cashwhere the operational base of the platform would have operated RainbowEx, They were arrested.

The suspects were identified as Luis Pardo and Martín Liberati and they are the first imprisoned in this case. They were taken to the police department. Saint Peter170 kilometers northwest of the city of Buenos Aires, after they were detained in their respective homes following a request from prosecutor Matías Di Lello.

Now, Justice will investigate what involvement they had in the alleged pyramid scheme. They also aim to define what role the woman known as “la China” had, who was the visible face of the business in being able to buy and sell assets.

The investigation began almost a week ago, after different victims warned that they were allowing them to withdraw the money. After investigations, The National Securities Commission confirmed that RainbowEx was not authorized to operate in Argentina.

Pyramid scam in San Pedro: who are the two arrested

Luis Pardo, 33, became a central figure within the scheme as one of the main promoters of the investments. At public events, such as a gala held at the Hotel Emperador in Buenos Aires, he received fictitious awards from hired actors, simulating international support for the company.

Pardo’s social networks, far from reflecting concern about the accusations, show images of him posing with awards and screenshots of news about the investigation in a defiant tone. In addition, it promoted alleged donations of toys and merchandise to children’s soup kitchens, using the logo of Knight Consortiumthe fictitious company associated with the scheme.

For its part, Lucas Liberatti is linked to the financial Over Cashlocated in the center of San Pedro, which was raided last week. According to indications, it functioned as a operational base for RainbowEX activities, allowing investors to withdraw or deposit their funds.

In fact, documents from the Official Gazette indicate that Liberatti appears as an important part of the board of directors of this entity, along with a group of women residing in the City of Buenos Aires.

What does the pyramid scam in San Pedro consist of?

RainbowEX company is accused of illegally raising funds and operate under a fraudulent schemea fact that would affect 20,000 inhabitants of the Buenos Aires city.

According to research, RainbowEX would have promised unattainable returns of up to 1% in daily dollarsattracting thousands of investors in the area through social networks and groups of Telegram.

He prosecutor Matías Di Lelloleading the federal case, presented in its search request a alarming fact: it is estimated that More than 20% of the population of San Pedro was captured by the scheme. This platform, which does not have authorization from the National Securities Commission to operatewould have mobilized millions of pesos from small savers who trusted the promises of high returns.