Interpol Apprehends CEO of Generation Zoe, an Alleged Cryptocurrency Scam in Argentina

Interpol has managed to apprehend Leonardo Cositorto, the erstwhile CEO of Generation Zoe, 1 of the biggest alleged fiscal and crypto scam platforms successful Argentina. Cositorto was reportedly arrested this week successful the Dominican Republic, wherever helium was successful complaint of a akin level called Sunrise Coach. He volition present beryllium extradited to Argentina.

Leonardo Cositorto Arrested successful the Dominican Republic

One of the astir wanted men linked to the cognition of Generation Zoe, 1 of the largest alleged pyramid schemes successful Argentina, has astatine past been located. Interpol arrested Leonardo Cositorto, the erstwhile CEO of procreation Zoe, this week successful the Dominican Republic arsenic the effect of a tracking cognition carried retired by the Dominican constabulary and officers of the planetary constabulary (Interpol).

The authorities were capable to way Cositorto’s determination utilizing the IP records that helium near erstwhile utilizing societal networks to beforehand a caller inaugural called Sunrise Coach. The authorities revealed that investigators had surveilled the broadcasts Cositorto made connected a regular ground to analyse the inheritance images successful these videos. In this way, they were capable to find retired that the landscapes shown were accordant with the ones recovered successful Santo Domingo, the superior of the Dominican Republic.

Cositorto was recovered successful a edifice successful the portion and volition person to look scam charges linked to the Generation Zoe case. The antheral was a fugitive since February erstwhile helium abandoned the state and managed to participate illegally into the Dominican Republic.

Generation Zoe

Generation Zoe, the institution to which Cositorto is linked, started arsenic a coaching assistance for radical 5 years ago. The enactment grew, and it included a fiscal arm, that utilized funds deposited by supporters. These funds generated net for them, that were advertised arsenic “secure” by the company. These net supposedly came from investments successful antithetic fields, including mining, car sales, health, aesthetics, existent estate, and soccer.

The institution adjacent issued its ain cryptocurrency called Zoe Cash, which was announced arsenic being backed by gold. The enactment further created its ain church, named Aviva Zoe, and galore much offshoots, including a fast-food franchise called Zoe Burger.

Ignacio Trimarco, 1 of the attorneys that represents much than 70 users affected by Zoe, has qualified this concern arsenic “one of the biggest scams successful the past of Argentina.” Other promoters of the institution person besides been arrested, including Maximiliano Javier Batista, the 2nd successful bid astatine Zoe, and Gabriela Alvarez, 1 of the promoters of the organization.

What bash you deliberation astir the seizure of Leonardo Cositorto, erstwhile CEO of Generation Zoe? Tell america successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.