They released two more suspects who were involved in scams using virtual universes and cryptocurrencies

Carolio scam Ponzi scheme.jpg

The Carolio brothers – Giovanni, Gennaro and Gitan – were the main defendants in the fraud.

Fernanda Riquelme, Zalazar’s lawyer, explained that “it was long because there were 45 preventive detention hearings, but they were extended due to the complexity of the cases. We recommend that the judiciary collect tools to complete these cases more quickly” or to find harmonious solutions for the victims and the parties more effectively.

► You may also be interested in: Case Study: Fraud in the Metaverse, International Victims, and Millionaire Spending

therefore, What remains is to resolve the situation of the brothers Giovanni (28), Genaro (31) and Gintajalil Carolio (31), who are accused of being leaders and organizers of an illegal association. Their case is more complicated because they are considered the masterminds of a criminal gang and therefore face a greater risk of punishment. Next Friday will begin the decision on whether they will continue to be detained.

Giovanni Caroglio.jpg

Scams in the stock market and the metaverse

Giovanni Caroglio was the main man and ringleader of the group. A company called We Are Capital Investors were attracted through generous offers. It offers monthly profits of 3% to 8% to contributors — usually in U.S. dollars.with interest rates that are much higher than those offered by any bank or other private entity in the market.

With an office with several employees (including one in the charming Puerto Madero district of Buenos Aires), the company is trusted, and its leaders have presented themselves as entrepreneurs who know how to move money around the stock market.

even They have developed different advertising campaigns with national influencers such as presenter Darío Barassi, Alex Caniggia and even YouTuber Momo. Additionally, they have allocated funds to sponsor important virtual events such as the 2021 Coscu Army Awards.

Some people invested in mid-2021 and received their first profits, which in some cases led to recruiting relatives to participate in MLM scams.According to prosecutors. Investments were initially made to buy shares in the stock market, but later changed to buying land in the “metaverse”a virtual world in which the company will launch a video game that will significantly increase the value of the auction items.

► You may also be interested in: Scams in the virtual universe: A report reveals nearly $4 million in fund movements

However, Payments were interrupted in the first few months of 2022, and complaints began to emerge at the end of the year By the victims. The profiles of the accusers are varied: most are from Mendoza, but there are also accusers from Rio Negro, Neuquén and even Costa Rica. There are important local entrepreneurs who have lost a lot of money, as well as other smaller investors such as lawyers, teachers and even influential people.

More than 130 complaints have been filed against the major enterprises Experts are still calculating the number of victims and the amount of money. Judicial sources elaborate The suspects recorded cryptocurrency purchases and sales worth $4 million, to which must be added an investigation by the Forensic Corps, which, as of November 3, calculated the victims’ losses to be close to $9.5 million and $1.5 million, although there are still about 60 reasons to analyze.