Technology Zoe has acquired a securities fraud warning from Colombia.
As per the Superintendencia Financiera de Colombia’s March 1st warning;
Generación Zoe isn’t supervised by the Monetary Superintendence of Colombia.
That is the equal of a securities fraud discover in different jurisdictions.
Technology Zoe was a smart-contract Ponzi cycler. The scheme collapsed following a crackdown by Argentine authorities final month.
Technology Zoe’s founder, Leonardo Cositorto, fled Argentina and is needed by Argentine authorities.
As of February twenty third, Cositorto is believed to be hiding within the Dominican Republic.
Argentine authorities declare a global arrest warrant has been issued by means of Interpol.
In a blow to Colombian victims of Technology Zoe, the SFC has clarified that along with the corporate working illegally in Colombia, they haven’t any intention to control it.
The merchandise related to this mannequin are hosted overseas and, subsequently, are exterior the jurisdiction of the SFC.
Which means that restoration of stolen funds from native promoters is all however unattainable inside Colombia.
That is of explicit significance, as Alexa at the moment ranks Colombia as the highest supply of visitors to Technology Zoe’s web site (35%).
At time of publication Technology Zoe was nonetheless on-line. Pending his arrest, Leonardo Cositorto has floated launching Technology Zoe 2.0.
Replace fifteenth March 2022 – Leonardo Cositorto has turned up at a political rally in Colombia. Authorities haven’t but arrested him.