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Wednesday, December 07, 2022

Argentine Madoff. They demand that Enrique Blaxley be jailed for 12 years and pay seven times the amount operating the Hope Fund.

In the final stages of testing, the Federal Public Revenue Administration (AFIP) requested that Enrique Juan Blacksley Senorans, known as the “Argentine Madoff”, has been sentenced to 12 years in prison. for leading illicit relation that he defrauded hundreds of savers who lost money owed to the Hope Funds Company in exchange for lucrative interest, and that he then laundered multi-million-dollar sums through counterfeit or undercover operations and sales through multiple companies and frontmen. did. of real estate at home and abroad. He also requested that the payment of a Fine equal to seven times the amount of the operations involvedwhose updated amount has not yet been established, but which may be approximately 1,000 million pesos, and confiscation of all assets of a failing firm, which is insolvent and, therefore, subject to execution ordered by a commercial court.

lawyer James Lozano and Ramiro BuzanoThe plaintiff admitted on behalf of AFIP “The Sole Architect, Leader and Organizer” The structure of the company and the criminal maneuvers developed through it. For this reason, he was considered a criminally responsible author of the crimes of “Repeated fraud on 318 occasions, unauthorized possession of public savings and committing through public offering, illicit relationship as author, tax evasion, money laundering and fraudulent bankruptcy”,

He requested, for the other 14 defendants, a prison sentence of three to six years and a fine between two to four times the amount of the operations involved as required participants in all or part of the crimes, depending on each role.

In his argument, Lozano argued that between August 2011 and September 2018, the Hope Funds company, headed by Blaxley, had taken money from savers without authorization and diverted money from the state, which defaulted to million-dollar taxes. was the product of fraud. VAT and income tax payment. He said that through affidavits, the liabilities backed by mutual contracts signed with the customers were settled. And that it represents a capital increase justified by spurious liabilities. They argued that illegal possession of public savings and tax fraud should be taken as the predicate offense that the law requires to configure money laundering, he argued. About 100 million pesos, he estimated.

Lozano in particular stopped on one loan: the one that Hope Funds signed with businessman Manuel Jorge Villar in April 2006: three contracts for about $20 million. For AFIP, this was a spurious operation, because on the same date of the loan’s formation, a counter document was signed that nullified the effects of the previous contract. The lawyer said that the money never went out of hand, but instead worked to market the illegally obtained $633,000.

“That mutual agreement was annulled in 2011, with an October 2009 addendum, a blank receipt to the agreement, and a mutual agreement between Hope Funds and Blaxley on August 25, 2011, with Hope Funds calling it 633 gave $1,000. The President so that he could pay off the debt with Willer, which he assumed in a personal capacity. But there was no exchange of money, but it was a simulation of a loan. And in 2011 he did that simulation. so that Blaxley could legitimize the origin of money”. The accused noted that lawyer Pablo Andrés Villa – one of the defendants in this trial – testified as an associate defendant and admitted that he had drafted the contract, that there was no exchange of money and that All was a simulation, that the documents were signed at Blaksley’s request.

From that moment, Lozano said, the “mutual willer” maneuver was repeated for “adaptation” contracts and justified possession of funds of illegal origin to be used for commercial operations.

He then elaborated on the overseas real estate acquired by Hope Funds Holding Company. “Most of the money obtained through tax fraud, scams and improper collection of funds from the public was used in the purchase of real estate abroad in order to obtain legal transparency about that money.”

He detailed the acquisition of property at 1395 Brickell Avenue in Miami in 2009, through a handshake between companies incorporated in the United States.

and then, in Panama City, by departments of the Panamera campus, in 2014, through the Mossack Fonseca studio, a company made up of Blaxley, Alejandro Carrozzino and Veronica Vega, which created the mega-filtration paper known as the Panama Papers. Famous for. These properties were passed on through companies bearing local names, in continuous operation, according to AFIP lawyers, “to remove the names of those accused from the record, any link between these people with these properties.” and with the origin of money”.

Lawyer Lozano insisted that the accused “put a portion of the proceeds from previous offenses into the operation of real estate abroad” and in the case of Panama, for him “He hired a world famous study in money laundering maneuvers,

Subsequently, other AFIP lawyers focused on maneuvers around Verajul, Pilar’s real estate megaproject, which Blaxley defined as the “jewel” of the Hope Funds, and the business it seeks to address the liquidity crisis. In this case, Hernán Bujan asserted that “money of illicit origin was injected into the said trust through low-income people”; He mentioned the names and surnames of several “Bolivian community people who lived in emergency neighborhoods” who briefly appeared as trustees, but quickly signed agreements transferring obligations and rights to Wall Street Group Srl. , which later transferred them to Hope Funds for half. it worths.

Later in his argument, Buzan accused the operations of fraudulent bankruptcy, with which, according to the allegation, he sought to obtain “re-insertion of funds into the financial market, subject to precautionary measures, by turning the money returned into assets.” given” by Henry Blacksley.

One of the cases was the invoicing of events held in the Buenos Aires auditorium through the company Inversora del Faro, which made it possible to continue to exploit the business despite the ban and subsequent prohibition. In this situation, Daniela Sarsa and Damien Gomez were compromised, who were accused by AFIP lawyers as essential participants in the maneuver.

In the end, Buzan recognized that the Blaxleys had formed and led an illegal union. “They set up a complex structure to evade taxes and defraud private parties. The structure was on the rise to defraud the treasury and people for the millionaire amount. He managed to raise money from a variety of people and channeled that income into new ventures, many of them in companies that were nothing more than shells. This made it easier for them to recycle the money and justify a substantial amount of money. He built his image as a successful businessman so many people trusted him with their money. ,

And he defined: “The scheme is pyramidal or Ponzi-type: money continues to be taken from investors for liquidity or mutual capital return, to pay interest. They generate returns like Ponzi schemes. The largest inflows of any Others are turned to the company, with the impression that they have acquired a legitimate nature. Partial payments have boosted confidence, and receiving funds encourages investors to continue to fund. They have done so without authorization. Raised money of public origin, and knowing that he had gone bankrupt to pay back the money to the debtors, he continued to invest to pay past obligations.

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