Leonardo Cositorto launches All Us Education pyramid scheme
Leonardo Cositorto, founder of the collapsed Generation Zoe Ponzi scheme, is currently being held in an Argentinian prison on fraud charges.
Doubling down on fraud, Cositorto has now launched All Us Education.
All Us Education bills itself as an “academy”.
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Not surprisingly, All Us Education is made up of former Generation Zoe investors.
The business model is simple. Sign up, pay $6, recruit five people… profit.
In other words, All Us Education is a pyramid scheme.
In a recent interview given from prison, Cositorto (right) maintains that neither Generation Zoe or All Us Education were/are pyramid schemes.
A pyramid is when, one: there is no product; two: you earn money whenever you invite other people to participate.
Third: the invitee can never earn more than the one who invited. But mainly there is no product.
And Zoe did have a product, which was an educational product.
Putting aside Generation Zoe was first and foremost a Ponzi scheme (all MLM Ponzi schemes have a pyramid component), adding a product to a Ponzi and/or pyramid scheme doesn’t legitimize fraud.
A business model defines fraud, irrespective of whether products are attached. The “but we have a product!” ruse hasn’t been a thing for over two decades.
All Us Education has no retail customers. You sign up as an affiliate, recruit new affiliates and get paid to do so. Again, regardless of what that’s attached to (some baloney education platform in this case), All Us Education is using a pyramid scheme business model.
Oh and they’re probably selling your personal data too;
What personal data do we collect?
Our academy collects and stores your personal and identification data (such as name, surname, apartment address, email address, courses of interest, citizenship, gender, place and date of birth, telephone number) through our channels.
As of early October, $6500 had been lost through All Us Education. Beyond double scamming Generation Zoe victims, it doesn’t look likely to take off.
Another money spinner for Costitorto is selling the narrative rights to Generation Zoe, which brings with it its own set of problems (accuracy being the primary concern).
Behind the work there are two international production companies. One of them, Vice TV, is based in London.
The other, they say from their surroundings, is an American company. PROFILE CÓRDOBA confirmed, through the provincial authorities, that Cositorto was contacted by Vice TV.
As he was able to reconstruct this medium, it was in April of this year. From there, the negotiation progressed. In the middle of the year the contract was signed and, later, it was filmed.
There are scenes in the Bouwer prison, where the interviews with Cositorto took place.
The agreement is part of a confidentiality agreement, they pointed out from the environment of the leader of Generation Zoe.
Production is in the final stage.
As at October 30th, there are purportedly two interested parties covering the Generation Zoe Ponzi saga.
Cositorto, who had been held in custody since his extradition to Argentina back in April, was denied bail for a third time back in July.
The criminal case against Cositorto continues but there haven’t been any significant updates since the July bail denial.
Update 12th November 2022 – All Us Education has increased membership from $6 to $10.
Not surprisingly, All Us Education is made up of former Generation Zoe investors.
Ex-wife of Cositorto is the CEO not kidding here.
The business model is simple. Sign up, pay $6, recruit five people… profit.
Oops it has gone up to $10,- and you need to find these 5 people within a month. If not you loose and need to start all over again.
Unbelievable being in prison but continue scamming people while television crew is filming you.
Leonardo Cositorto made donations to right wing and “libertarian” politicians
perfil.com/noticias/politica/leonardo-cositorto-dijo-que-aporto-fondos-a-las-campanas-de-milei-y-martiniano-molina-pero-ellos-lo-negaron.phtml
No wonder Cositorto acted with impunity for so long, he had friends in high places.
Buñuelos is the most famous Zoe suspect:
clarin.com/sociedad/vender-bunuelos-inversiones-imposibles-historia-rosa-maria-profuga-buscada-generacion-zoe_0_siEjVI7Zqf.html
It’s all just a communication problem.
clarin.com/economia/habla-miguel-pierri-nuevo-abogado-defensor-leonardo-cositorto-aca-estafa-solo-problema-comunicacion-_0_mgnFfCIv0L.html
Yeah yeah.
Note that article is from Feb 2022.
Oh yeah see now. Excuse me.
Add money laundering to cositorto’s list
clarin.com/policiales/generacion-zoe-corrientes-imputan-cositorto-lavado-activos_0_PArDXh3IXa.html
Well duh, Generation Zoe was a smart-contract Ponzi. It had nothing to do with gold.
Cositorto’s initial offering was that ZoeCoin was going to be backed in gold. This was as part of the strategy needed to achieve the $55 price per ZoeCoin that he loved to repeat over and over again.
This lead to hilarious videos of him and his possee “inspecting the gold mine they bought in Argentina(San Juan or Jujuy provinces in Argentina)”
twiter.com/mis2centavos/status/1537197158054641664 (check the entire thread. Note: vizcachera is a vizcacha burrow XD)
200 tonnes* (in a 36 hectares area) ready to back this project up. Of course, I wonder how were they planning to reach those numbers with a handful of tools and a 7 people crew.
* Not to mention that the entire Argentina gold reserves is roughly 300 tonnes. And Cositorto’s Zoe required 200, yeah, right
** Let’s not forget that you CANNOT buy a goldmine, but you can get a mining concession. Faboulus plan by Luis Yrimia.
More photos of Cositorto’s gold fever
eleconomista.com.ar/sociedad-redes/la-supuesta-mina-generacion-zoe-respaldaria-su-criptomoneda-n49943
** 300 tonnes is the potential of Argentine’s largest mine, not the gold reserves. Errata
You can’t launch a Ponzi, stash most of the money, pay out the rest in pyramid commissions and pretend you were going to 1:1 back in gold.
Math in Argentina is the same as math anywhere else in the world.
It was truly a ridiculous scam. Shame on Argentinian authorities who didn’t act before.
As early as October 2021 the Paraguayan justice already cataloged Zoe as a scam, but in Argentina they continued operating until its crash in Feb 2022.
As for Math, that is true Oz, but as previously stated somewhere back in time. Generacion Zoe was a cult like Ponzi. Of course now everyone is a victim (an even Cositorto felt himself “betrayed by Yrimia/Buñuelos/Batista”).
Allegedly Miguel Echegaray and Norman Prospero have already reached a collaboration agreement with the Justice. So, now well see…
Zoe News:
Furthermore:
ambito.com/informacion-general/generacion-zoe/causa-se-entrego-el-tesorero-la-firma-que-estaba-profugo-n5573111
BOOM!
Zoe gets noticed in the US, if you search here
www2.miami-dadeclerk.com/ocs/Search.aspx
for the following:
LOCAL CASE NUMBER:
2022
012933
Case code: CA
ibb.co/HPFd01f
There are 39 documents attached to the case, but the first two and the last one provide enough details about Zoe University (and Generacion Zoe) going to the Major Leagues.
Note: All information shared here is public but all credit goes to Javier Smaldone (@mis2centavos on Twitter) who shared this and more about the Zoe Scam.
a few interesting things from the document:
A civil Generation Zoe case in the US? That’s interesting.
Will look into it today, thanks.
Zoe Generation: Cositorto “advances in an agreement” to compensate the victims
From prison, the firm’s leader assured that “thousands of people” responded to his call. Next month he will present the terms, he said.
“In Argentina they do not let you grow because this overwhelming, selfish and egocentric personality reigns, which wants to keep everything. Look at the control paradigm. The situation is complex,” Cositorto added.
ambito.com/informacion-general/generacion-zoe-cositorto-avanza-un-acuerdo-resarcir-los-damnificados-n5656848
Zoe Generation: Hearing postponed for pyramid scheme in Yucatan (Mexico); defendants call in sick
poresto.net/yucatan/2023/5/18/generacion-zoe-posponen-audiencia-por-estafa-piramidal-en-yucatan-acusados-se-reportan-enfermos-384287.html
Yesterday Cositorto announced that he’s “parting ways with AllUs Education since the community is greedy and only cares about money”.
In addition, Cositorto:
* said that he is sad that people do not want to improve themselves, which was the main goal when they launched “AllUs” community that will continue under the leadership of Colombian Coaches. Unfortunately they did not achieve the 100K student community due to “their leaders not working as a team”.
* blamed (once again) Justice Juliana Companys (from Villa María Córdoba) for not allowing him to wait for his trial at home and accused her of “not wanting his community to get their money back”.
* Announced a new business (!) with the main goal of working towards “helping people to achieve financial independence” (sic) starting next month.
Man, Cositorto does not want to stop. Fortunately he doesn’t know that there are more than 300 new complaints against him.
TL;DR There’s no more money to steal through AllUs Education.