Friday, February 3, 2023

AFIP condemns a well-known cryptocurrency firm for pyramid scam

As he learned scope, it’s about the company Vaio Business, One who was under the watchful eye of the conducting creature Carlos Castagneto Because it applied tactics similar to those of pyramid schemes by promoting third-party fundraising operations with promises of extraordinary profitability, which ultimately did not happen.

According to a statement from the agency, tax investigators analyzed the electronic invoices received and observed that the receipts linked to the activity were issued by a firm that presented serious indications of Apocrylicity.

Similarly, the body verified that the signature, It is believed to be dedicated to attracting investment, it had not acquired the registered property or any good or service related to the declared commodity.

As per the investigation, the accounts in which the money has been deposited have come from transfers and/or deposits made by individuals. As verified, the said money was later withdrawn by cheque.

The company’s scheme was similar to various scams in the field of cryptocurrencies in recent years: it promised extraordinary profitability. However, it was not possible to identify investments or assets that would allow such returns.

Thus, the agency pointed out that it would be a pyramid scheme, with characteristics similar to zoe generation, Another case that became public during 2022 and whose participants are currently being prosecuted with preventive detention.

One of the mechanisms used by the company to raise funds was related to the social media Campaigns undertaken by show business personalities. As the agency said in a statement influential people and references from the world of entertainment were consulted about their role and indicated that they limited themselves to providing advertising services through social networks and graphic media.

Finally, both the firm and its main supplier were included in the eApoc database and a criminal complaint was filed before the Economic Criminal Court No. 11 for illegal cooperation, serious money laundering and fraud.

It is to be recalled that in April 2022, the National Directorate of Consumer Defense and Consumer Arbitration had accused the company of for alleged violation of the Consumer Protection Act For breach of its obligation to provide true and clear information about the service it provides.

In addition, back asked public figures and influencers for information about the promotion they made on their social media accounts of the alleged “Vio Coin” cryptocurrency system.

According to information on its website, Vaio Business defines itself as a group of entrepreneurs dedicated to investing in “generating a steady flow of circulating funds, essential in any business, to ensure continued growth.” makes it possible.” Currently, the company page is not active.

Nation World News Desk
Nation World News Desk
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