The platform RaibowExalleged pyramid scheme and reported by more than 20,000 usershe sent an email to his victims, asking them the contribution of US$88 more. The objective, according to the firm, would be to use that money to be able to withdraw funds.
The collection of funds would enable the withdrawal of the money invested, since they will leave the Argentine market after the scandal that occurred in the town of Saint Peter.
He message that reached users stated: “Due to the agreement reached between Rainbow Exchange and local regulators, we will officially withdraw from the Argentine market and we will completely update the platform. To ensure smooth progress of this adjustment, all Argentine and related accounts will be reset to an inactive state“.
“Account activation will be completed automatically with a one-time recharge of US$88”exhibited from RainbowEx. Then he uses a warning, emphasizing that those who do not close their accounts “in a timely manner” will be exposed to “their funds being confiscated”.
The latter could also generate, in theory, that users are “accused of money laundering”. Upon this request, more than 2,000 victims have already contributed the amount that they requested for the withdrawal of the funds.
“If account withdrawals are not activated, then it will satisfy the Government’s wish. They need everyone to doubt Rainbow and set a deposit limit of $88 so that more people can’t complete their requirements and withdraw the money, so they can ask Rainbow to do it,” the message closes.
Pyramid scam in San Pedro: the main suspects were arrested
In the midst of the investigation into the alleged massive scam in San Pedro, two 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 transferred to the local police department, 170 kilometers northwest of the city of Buenos Aires, after they were detained at their respective homes following a request from the prosecutor. Matias Di Lello.
Both have already been charged with the crime of unauthorized financial intermediation, while the crime of fraud is being investigated by the prosecutor. Maria Viviani. According to investigations, RainbowEX would have promised unattainable returns of up to 1% in dollars daily, attracting thousands of investors in the area through social networks and Telegram groups.
The word of an expert in technology and Ponzi schemes
Maximiliano Firmmantechnology journalist and programmer, assured that “The Ponzi scheme has nothing behind itjust excuses. “One can even do a real estate investment system, something in the stock market, cryptocurrencies or selling stamps, whatever.”
It is estimated that in Argentina there are more than 100,000 victims by schemes of this type, which is why Firmman states that “There are small clones throughout the country”.
“It could start with a scammer contacting local people or a local contacting or buying into a set-up scam,” he said of the beginnings of these scamsand added that “there are places where the software to set up something of this type is sold.”
Regarding the request for US$88 to extract the investments, he stated: “It is obvious, They will never give them the funds. 88 is not a coincidence, they are laughing at everyone.” He then determined that “it’s all from a movie. Nothing is real.”
The latter because, particularly, 88 in Chinese culture means “wealth, karma and goodbye”, as if everything were pertinently diagrammed for the scam.
Source: Ambito
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