7 Generation Zoe money launderers arrested in Argentina
Authorities in Rosario, a city in Argentina, have charged seven Generation Zoe money launderers.
Following four arrests last year, this brings the total number of Generation Zoe suspects charged in Rosario to eleven.
The seven suspects, Maximiliano Aguirre Bosc, Francisco Ferri, Marcos Medinelli, Juan Cruz Robledo, Diego Cadel, Federico Fernández Verdegna and Lucas Iglesias, were all arrested on October 22nd.
The accused were then presented in court, where they were were released on bail under condition they didn’t leave Argentina.
As reported by Rosario Plus, quoting Economic Crime Prosecutor Mariano Rios Artacho, the Rosario Generation Zoe money laundering network used several shell companies.
These included Generación Zoe SA, Zoe Empowerment, Al Coaches SASA, Zoe Construcciones, Universidad del Trading SA and Zoe Cash.
All under the coordination of Cositorto – already famous for his power of oratory and persuasion – pretended to set up education courses through coaching, financial advice and investment management, all “to defraud the victims.”
Charges against Generation Zoe scammers were filed following complaints from over thirty victims in Rosario.
Generation Zoe was an MLM cycler Ponzi created by Leonardo Cositorto.
Cositorto was arrested in the Dominican Republic in April 2022. He was then extradited to Argentina, where he’s remained behind bars pending the outcome of his criminal case.
Since Cositorto’s arrest there have been ongoing arrests of Generation Zoe accomplices. The latest was the arrest of Giovanni Caroglio in Mendoza on July 7th.
Another accomplice, Generation Zoe lawyer Gustavo Saavedra, pled guilty and was sentenced to four years in prison in June.
Unfortunately there have been no substantial updates on Cositorto’s case since he was last denied bail in July 2022.
Only took 30 locals to report… if only the SEC was that keen…
Cositorto’s hunger strike
Yesterday, via the social network known before as Twitter, Leonardo Cositorto announced his hunger strike to “protest against injustice and abuses that prevents him from getting his special food in prison, even though he hasn´t been sentenced”.
Cositorto on a hunger strike probably means that he will die of old age
Yeah I was gonna say. So long as they provide him water he’ll probably last a few months.
More arrested during elections.
Key points:
* Several people who appear in the Generación Zoe case, which investigates the alleged Ponzi scheme in Santa Fe were arrested when they went to vote.
* They were captured in four provinces for their role in Leonardo Cositorto’s company.
* A million-dollar network of hidden transfers was uncovered.
clarin.com/policiales/inesperada-caida-votar-esperando-estafas-us-50-millones-cripto_0_ruJxZQQwOu.html
Thanks for the update! Unfortunately though that link requires a login.
Cositorto asks for a presidential pardon.
From the Bouwer prison in the province of Córdoba, the leader of Generation Zoe, Leonardo Cositorto , asked the elected president Javier Milei to have the “kindness” to pardon him since – in his opinion – he has not committed any crime and is detained “unfairly.”
lavoz.com.ar/sucesos/insolito-pedido-de-cositorto-a-milei-desde-bouwer-te-pido-tengas-la-amabilidad-de-indultarme/
(In addition to the elephant in the room, it is worth noticing that Cositorto has not been sentenced (yet), so a presidential pardon is not possible)
LEt’s not forget who is Javier Milei, the elected president of Argentina is a weird guy who has been linked (and sued) for promoting a Crypto scam.
protos.com/argentinas-leading-presidential-candidate-sued-for-alleged-crypto-scam/
In the past, Cositorto claimed to have donated money to Milei and other libertarian candidates
perfil.com/noticias/politica/leonardo-cositorto-dijo-que-aporto-fondos-a-las-campanas-de-milei-y-martiniano-molina-pero-ellos-lo-negaron.phtml
Thanks for the updates. One thing is if Cositorto is raising the prospect of a pardon, he assumes he’s guilty.