Serial Ponzi scammer Santiago Fuentes has been arrested in Spain.
Spanish authorities have charged Fuentes with “belonging to a prison group” and cash laundering.
BehindMLM first got here throughout Santiago, extra generally referred to as Santi Fuentes, by means of World Unity in 2014.
ArbiStar was a run-of-the-mill crypto “buying and selling bot” Ponzi scheme. By the point BehindMLM obtained round to reviewing ArbiStar, the Ponzi scheme had already collapsed and been rebooted as “Arbistar 2.0”.
ArbiStar 2.0 collapsed on September 14th. To dissuade ArbiStar traders from reporting him to authorities, Fuentes touted a bullshit refund scheme.
Fortunately it appears sufficient ArbiStar traders did report Fuentes, resulting in his arrest.
As supplied by Fuentes himself, ArbiStar had round 32,000 traders who collectively have misplaced ~10,000 BTC (at the moment ~$129 million USD).
Within the lead as much as ArbiStar’s collapse, BehindMLM can solely reveal Fuentes employed GDPR scammers to cowl his tracks.
As we do with all requests obtained from GDPR scammers, we advised them to go fuck themselves politely declined to take any motion.
Keep tuned for any updates…
Replace ninth June 2021 – The Cat and the Fox on the Net report Fuentes is going through expenses associated to “aggravated fraud, prison group and falsification of economic paperwork”.
No specifics on how the case is progressing but.