Thursday, June 1, 2023

Generation Zoe was convicted of fraud in the United States

Although Generación Zoe has been out of the public light for a little less than a year, new convictions appear against the illegal association led by Leonardo Cositorto. A few days ago it became known that the judiciary of the state of Florida, United States of America, convicted the company Zoe Global University of fraud.

This branch of the firm is one of the many ramifications that Generación Zoe has made to give legitimacy to its pyramid scheme, which has surrounded many thousands of people in Argentina, Colombia, Chile, Mexico and the United States, among other countries.

After the accident of the firm in 2022, more than a dozen victims filed a civil lawsuit against the Zoe Global University and the three alleged promoters, Pablo, Matías and Agustín Monteleone, with alleged residence in Florida. Claimants claimed to have invested thousands of dollars under the promise of “exorbitant” returns.

As a result, the court ordered USD 847,159 plus interest (about 176 million pesos) to be paid to the defendants and to compensate their victims, and at the same time ordered an injunction against the defendants, because they are unable to pay. for compensation.

Generation Zoe promises amazing results

On the generation of Zoe: what is accused of Cositor

Leonardo Cositorto was a refugee last year until he was arrested in April in the Dominican Republic, at the request of the Argentine Justice. Since then, Cordoba was under bond in the prison of Bouwer. Cositorto is often accused of fraud, illegal association and money laundering.

Prosecutor Iuliana Sociedades is leading the case, which has some 60 investigated cases of funds that reach about four million pesos and 228 million dollars in which Cositorto and other people are involved within the framework of the company Generación Zoe.

The company is accused of selling cryptocurrency investment products, which offered the prospect of extraordinary profits, from the money invested by others, which is known as a pyramid scheme.

These operations were not registered with the appropriate tax authorities and the funds provided to the victims were never returned.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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