The first begins oral trial against Leonardo Cositortoleader of Generation Zoeaccused of creating a pyramid scam through a Ponzi scheme. In this case, which judges him for those defrauded in Currentsthere are a total of 98 complainants.
According to the magistrates, Cositorto could be sentenced to 16 years in prison for crimes of illicit association and fraud.
This process will have hearings until December 11 in the Corrientes city of Goya. They are also accused, and will be tried, Miguel Ángel Echegaray and Maximiliano Batista.
The latter remain in the Bouwer prisonin the province of Cordovabut they will be transferred to the URegional Unit 8 by Goya. There they will be detained until the end of the debate.
For their part, there are three other defendants: Lucas Damián Camelino, Nicolás Ismael Medina and Javier Sebastián Medina. But these are momentarily free, and thus they will arrive at the trial.
They will appear before the judges 166 witnesses to the complaintin addition to the prosecution and the defense. He Judge Ricardo Carbajal He will preside over the court, while Jorge Carbone and Julio Duarte will be the members.
The prosecutors who will participate in the hearings will be Juan Carlos Castillo and Rubén Barrywhile the plaintiff lawyers Pablo Andrés Fleitas and Alejandra Soledad Fleitas They will also be present.
The possible next trial against Cositorto
At the same time, the Correctional and Criminal Chamber of Río Tercero announced that the criminal case against Cositorto that is being processed in Villa Maria, Córdobaat the request of the Second Shift prosecutor, JUliana Companys.
The defender of the main accused, Guillermo Dragottohad filed an appeal against this decision. This led to the matter being discussed in the Río Tercero Crime Chamber.
The thing is The mega scam escalated to unthinkable levelswith offices not only in different provinces of Argentina, but also in other countries. So these two trials would be just the beginning.
Who is Leonardo Cositorto
Leonardo Cositorto, CEO of Generación Zoe, was arrested in the Dominican Republic by Interpol personnel and the police of that country in 2022. He is charged with illicit association and fraud.
For nearly 30 years, in different companies and sectors, Cositorto put together teams based on pyramid schemes that work in companies that, years later, ended up bankrupt. In recent years, he joined the football club Spanish Sports of Buenos Aires, which made it easier for him to consolidate his image and expand his reach to a larger audience.
This 52-year-old man presents himself as a minister of a cult. This explains why, in parallel, the organization has created its own church: AVIVA ZOE.
According to their version, the ZOE holding company already had presence in 17 countrieskept active some 65 offices and had 85,000 members. However, the leader appears registered in AFIP as a class A monotributist.
This supposed CEO explained his business by saying that it was smart membershipswhere the money that each person invests is uploaded to a personal platform where you can see the interests generated throughout the three years of your training.
“It’s a lie that it’s a scam. A person who scams leaves. we open 79 branches and we do not have a pyramid model because those types of models do not last more than six months or a year. They are looking to turn us around,” Cositorto stated.
Generation Zoe is accused of carrying out a pyramid scam known as Ponzi scheme in which people are convinced to provide savings and bring in new participants in exchange for greater benefits.
According to what he promoted to supposed investors, he had assets such as a cryptocurrency called Zoe Cash which went from being worth about 30 cents on the dollar at the beginning of 2022 to just over 1 cent in a few months (-97%) and boasted of guaranteeing a return from 7.5% to 10% monthly or up to 120% annual in dollarss, in addition to having started investing in multiple businesses such as football, gastronomy, the metaverse and NFTs.
Source: Ambito
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