Generation Zoe metaverse architect arrested in Argentina
One of the architects behind Generation Zoe’s metaverse ruse has been arrested in Argentina.
Giovanni Tomás David Caroglio was arrested following “a wave of raids” in Mendoza on July 7th.
Following a Cybercrime Specialised Prosecution Unit (UFECI) investigation, Public Prosecutors allege Caroglio was at the center of a “mega-sam focused on the metaverse”.
As it turns out, Caroglio was running multiple metaverse grifts. The one the UFECI busted Caroglio for was called “Crypto Country”.
Crypto Country was pitched as a “digital land sale”, while on the backend passive returns were offered on purported stock trading.
There of course was no trading, and so far thirty victims have come forward detailing around $800,000 in losses.
Prosecutors are hoping to gain access to Crypto Country’s financials, through which they will establish the total number of victims and amount lost.
Crypto Country’s records might all shed light on Caroglio’s specific involvement in Generation Zoe.
In addition to Caroglio, accomplices Ignacio Manduca and Chilean national Hans Dieter Breuer Vargas have also been charged. Caroglio’s brothers, Genaro and Gitanjali are also suspects.
As documented by Javier Smaldone, Caroglio worked with Leonardo Cositorto on Generation Zoe’s “Zoe Paradise” metaverse grift.
Generation Zoe began as a simple smart-contract Ponzi scheme. The metaverse grifts began towards the end of Generation Zoe’s run in early 2022.
Generation Zoe founder Leonardo Cositorto was arrested in the Dominican Republic in April 2022.
Cositorto has been charged with multiple counts of fraud and is awaiting trial.
According to this source, the total of the Metaverse scam is USD 800 000. Not Argentinian pesos, dollars
losandes.com.ar/sociedad/ya-son-cinco-los-detenidos-en-mendoza-por-vender-lotes-virtuales-e-investigan-fraude-por-us-800-mil/
By the way,
It seems that the CM of the official AllUs Telegram Group has changed her mind regarding Cositorto’s third “Company”.
After removing all users from the group, she proceeded to rename it to “LA NUEVA ESTAFA DE ALL US LOS VAN A VOLVER A ROBAR Y ESTAFAR PERO POR 2 VEZ”(sic)
(“THE NEW SCAM OF ALL US THEY ARE GOING TO STEAL AND SCAM YOU ONCE AGAIN BUT FOR THE 2nd TIME”)
ibb.co/5FVZMfH
And started sharing links to newspapers and articles when it is shown that Cositorto is a simple scammer, when not long ago The Gospel of Cositorto was religiously available for all the community.
ibb.co/S36xVnD
Ah, $800K USD makes more sense. I’ve misinterpreted “mil” before so I just run with auto-translate. I did think maybe it was $800K ARG but that felt a little low for a “mega” Ponzi too.
Unintentional comedy is the best comedy. The name of the Journal that published this article is “Memo” which from Spanish translates to both “memorandum” and “fool”. XD
memo.com.ar/economia/la-startup-mendocina-que-proyecta-ser-una-empresa-unicornio-para-2025/
Ahh, Time does fly
ibb.co/JqYtJRy
James Ruiz aka James Spencer was the Colombian Generation Zoe CEO. He’s hiding but he forgot to delete from his Youtube Channel the video of the presentation of Zoe’s Metaverse Project: Lands Legendarias.
youtube.com/watch?v=RbOiSA0XAuE
As soon as February 13th, people started storming and vandalizing Zoe’s presentations
ibb.co/PMHqJ8J
D*cks and pyramids were drew, someone wrote “thieves” here XD
Cositorto looked already defeated when he joined from an undisclosed location (Cartagena? Dominican Republic?)
ibb.co/m4bGG0D
And last but not least John Benjumea (From Colombia), some sort of tech wiz in charge of the Metaverse project and unable to kick out the so called hackers that were making fun of them.
ibb.co/3sQZPFv
Here telling the community that Kingdom of Zoe was going to be a 100% fool proof business. Give me money and take your land $2500 initial investment and a 15% monthly return hahaha.
Nobody knows the whereabouts of both Benjumea and Spencer/Ruiz but so far they appear to be off radar of the Colombian Justice
Going through the Colombian Justice Portal I have found that James Spencer Ruiz Isaza (that’s the scammer fullname) has quite a history of predicaments with the law XD
ibb.co/KwY41zb
ibb.co/pwWY0Yx
Unfortunately this system doesn’t provide detailed information on every case. Despite that it caught my eye two cases:
* A complaint by “CONFEDERACION MUNDIAL COACHES SAS” against Spencer Ruiz, and
* a complaint against both Spencer Ruiz AND the so called “ESCUELA EMPRESARIAL DE COACHING Y NEGOCIOS”
ibb.co/t4w5DCG
And only one Generación Zoe complaint so far
ibb.co/fMNs53y
Plaintiff: Pamela Etcheverry Arango
Defendants:
* CONFEDERACION MUNDIAL COACHES SAS
* Generación Zoe
* ASOCIACIÓN LATINOAMERICANA DE COACHES CRISTIANOS S.A.S.
Well, Yesterday Mendoza Today published a long article on the Metaverse Architect:
(A bit difficult to translate since it has a lot of Northern Argentinian slang)
mendozatoday.com.ar/2023/07/25/como-sigue-la-causa-del-clan-caroglio-en-mendoza-los-vinculos-con-zoe-la-pata-judicial-y-el-periodismo-complice/
Well, after being called “bobos” (fools) The victims of the Metaverse Scam released an open letter against Caroglio’s lawyer Carlos Aguinaga
mendozatoday.com.ar/2023/07/17/caroglio-aguinaga-y-la-odisea-de-los-bobos-dura-carta-de-los-damnificados-por-el-ponzi-mendocino/
I’m sure that’ll go down well in court.
A star “trader” And crypto “influencer” was tortured and killed after messing with the wrong people:
nypost.com/2023/07/27/millionaire-crypto-influencer-found-dismembered-in-suitcase/
Don’t wish death on anyone but I’m past having any sympathy for crypto scammers.
Algaba wasted his inheritance on crypto, got lucky then inevitably got fleeced. Turned to organized crime loans and wound up dismembered in a suitcase.
With all the dumbasses that’ve made crypto their whole identity, there’s probably going to be a lot more of this over the next few years.
If you read quotes to the original NYP tweet (FY El*n!) lots of crypto bros remarks/conclusions were:
* He was not a crypto entreprenour
* Note to self: Don’t go to Argentina
* He was not involved in Crypto!
* HaTerZ!
* That’s why we insist on not making public your wins!
In a similar fashion: “fintech” Wenance stopped paying:
elobservador.com.uy/nota/fintech-wenance-anuncio-a-clientes-uruguayos-que-temporalmente-debe-suspender-pagos-de-interes-2023726145131
Like Bernie Maddoff but in Olivos (A fancy district in Buenos Aires):
pagina12.com.ar/571326-como-bernie-madoff-pero-aca-en-olivos
This is Argentina, this is Ponziland!
Is there a school somewhere you can learn how to be a crypto douche?
They are starting to look the same right down to the sleeve tats, French bulldogs, baseball caps etc
Generally you enroll in the school of YouTube. After losing money to scams you graduate to Telegram College.
If Telegram College doesn’t clean you out you graduate to either running your own Ponzis or wind up dismembered in a suitcase.
Javier Smaldone wrote in to provide some more info on Perez Algaba.
Algaba ran his trading scheme through NewStage Capital and NewStage Academy:
facebook.com/NewStage.Capital/
Algaba’s Instagram: instagram.com/fernandoperezalgaba/
Algaba’s victims might have been funnelled into MLM crypto Ponzis through NewStage Capital and Academy, but I haven’t been able to verify.
Audios with death threats( from 231 different people) were leaked.
231 different people threatened Algaba? Geez, how many people did he scam?
The Criminal Prosecutor of the Complex Economic Crimes Unit, Ana Inés Salinas Odorisio, requested a trial for Nelson Leonardo Cositorto for considering him the author of 118 acts of repeated fraud with illegal association as boss or organizer.
The prosecutor’s office also accused Ricardo Gabriel Isaac Vilardel, Jorge Federico Vilardel, Ana Lucía de Los Ángeles Vilardel and Vilma Griselda Albornoz, whom they considered authors of the same number of acts of repeated fraud and illegal association.
Although Cositorto announced that a new “project” is in the makings, more problems are coming from Salta.
pagina12.com.ar/573463-requieren-juicio-para-cositorto-y-sus-socios-saltenos-por-11
I’m starting a boutique to get these guys decked out right, invent a hand sign, meet a tat artist, buy a dog, etc. Look out for crypto-bro-douche-R- us at some domain, wherever cheapest.
We deserve to be extinct.
Collect your free tokens at the door after paying real money for a PDF
From the dream of an exorbitant profit to the drama of the scam: how are the causes against Generation Zoe, Wenance and Coinx.
Each one faces a different judicial stage. The file of the company led by Leonardo Cositorto already has a convicted person, the firm of Alejandro Muszak fired 200 employees and the crypto adds four defendants
infobae.com/sociedad/policiales/2023/08/08/del-sueno-de-una-ganancia-exorbitante-al-drama-de-la-estafa-como-estan-las-causas-contra-generacion-zoe-wenance-y-coinx
At last:
sbs.com.au/ondemand/tv-series/cowboy-king-of-crypto/season-1/cowboy-kings-of-crypto-s1-ep5/2247386691633
The best part is that Cositorto’s ex wife sold the idea that the documentary intention was to defend Cositorto XD
OMG
twitter.com/mis2centavos/status/1689696652422959105
I’m a little confused; It’s a US production being aired in Australia about an Argentinian Ponzi scheme.
What a time to be alive :D.
Argentina’s most voted presidential candidate not long ago promoted a Ponzi scheme
decrypt.co/107990/argentine-presidential-candidate-sued-over-alleged-crypto-ponzi-scheme
Free Cositorto (?)
And more:
protos.com/argentinas-leading-presidential-candidate-sued-for-alleged-crypto-scam/
Voting a Ponzi scammer in because inflation, cost-of-living crisis and poverty.
Argentina about to become the next Venezuela. Or maybe El Salvador 2.0. RIP Bitcoin City.
Real estate scams in the Metaverse: Defendants withdrew almost $4 million from a single virtual wallet.
losandes.com.ar/policiales/estafas-con-lotes-en-el-metaverso-los-imputados-retiraron-casi-us-4-millones-de-una-sola-billetera-virtual/
Caroglio denounced those who exposed him, including the journalists from Mendoza Today
mendozatoday.com.ar/2023/09/11/acorralado-caroglio-denuncio-a-los-que-lo-expusieron-incluido-mendoza-today/
Ponzi Rap
Leonardo Cositorto’s rap debut is scheduled for next week.
Stay tuned…
Things are not looking good for Caroglio.
jornadaonline.com/policiales/estafa-en-mendoza-una-por-una-las-pruebas-que-mostro-el-fiscal-rios-contra-caroglio-y-los-demas-imputados-202391911250
Cositorto had a rocky week. First he is not going to appear on Radio el mundo anymore. But that is not a problem for a Renaissance man (?) as Cositorto, so he appeared on a Twitter space on which he:
– promised to help (ten?) people to get rich beyond their wildest dreams
– complained about his lawyers(USD 650 k and no results, claimed the poor soul) and attacked justice Companys stating that “she just wants to be famous”
– Announced a new venture “Despierta Inteligencia Artificial” (“Wake up! AI”) AND ASKED FOR MONEY!!!
(Rumour has it, Yrimia changed his strategy and because of that Cositorto stopped having a space on a local Radio)
Ponzi cycler scammer in prison awaiting criminal trial… has jumped on the AI grift bandwagon.
Checks out.
Unfortunately for him, on his space there were roughly ~50 people and most of them were ROFL.
Not satisfied with his scams, Caroglio from Mendoza goes for more with a new pyramid scam under the guise of a broker.
Giovanni Caroglio needs no introduction: he is Mendoza’s Leo Cositorto. A mega scammer who left several dozen unsuspecting people who entrusted him with their money, most of it in dollars . Through specific pyramid scams.
mendozatoday.com.ar/2024/01/16/no-conforme-con-sus-timos-caroglio-va-por-mas-con-una-nueva-estafa-piramidal-a-la-mendocina/
AI trading bot Ponzi. Couldn’t be any more cliched if he tried.