Belief Investing Director Ruslan Concepcion has been arrested by Cuban authorities.
Concepcion was apprehended on April twenty second, trying to board a aircraft certain for Russia.
Cuban authorities grew to become suspicious upon discovering Concepcion was travelling with a considerable amount of undeclared money.
Concepcion (proper) advised border authorities he’d earned the cash via Belief Investing.
A preliminary look into Belief Investing raised additional suspicions that Concepcion’s funds have been obtained illegally.
This resulted in his detention at Havana airport for 3 days, after which he was arrested.
Based on one among Concepcion’s brothers, who resides within the US;
Ruslan faces an accusation for illicit financial exercise, and that if he have been sanctioned for this crime, he would face a jail sentence of three months to 1 12 months or a positive of 100 to 300 installments, along with the accent sanction of confiscation of belongings.
BehindMLM reviewed Belief Investing in July 2020. Primarily based on its enterprise mannequin, we concluded Belief Investing was a Ponzi scheme.
Belief Investing is run by Diego Chaves (proper), who on info and perception resides in Spain.
The CMNV issued a securities fraud warning towards Belief Investing in June 2020.
So far nevertheless Spanish authorities haven’t taken any motion towards Chaves personally.
Alexa at present estimates Cuba makes up 44% of site visitors to Belief Investing’s web site.