Serial Ponzi scammer Santiago Fuentes has been arrested in Spain.
Spanish authorities have charged Fuentes with “belonging to a criminal organization” and money laundering.
BehindMLM first came across Santiago, more commonly known as Santi Fuentes, through Global Unity in 2014.
ArbiStar was a run-of-the-mill crypto “trading bot” Ponzi scheme. By the time BehindMLM got around 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 investors from reporting him to authorities, Fuentes touted a bullshit refund scheme.
Thankfully it seems enough ArbiStar investors did report Fuentes, leading to his arrest.
As provided by Fuentes himself, ArbiStar had around 32,000 investors who collectively have lost ~10,000 BTC (currently ~$129 million USD).
In the lead up to ArbiStar’s collapse, BehindMLM can exclusively reveal Fuentes hired GDPR scammers to cover his tracks.
As we do with all requests received from GDPR scammers, we told them to go fuck themselves politely declined to take any action.
Stay tuned for any updates…
Update 9th June 2021 – The Cat and the Fox on the Web report Fuentes is facing charges related to “aggravated fraud, criminal organization and falsification of commercial documents”.
No specifics on how the case is progressing yet.