Cositorto and its partners are charged with 60 scams and illicit association

The CEO of Generation Zoe, Leonardo Cositorto, was charged by the Salteña Justice along with four of his partners in that province. The prosecutor of the Complex Crimes Unit (UDEC), Ana Ines Salinas Odorisioassigns him the crimes of repeated scams and illicit association for 60 complaints against him.

Sources from the Salta Public Ministry reported that Salinas Odorisio provisionally charged Cositorto, Ricardo Gabriel Isaac Vilardel, Jorge Federico Vilardel, Ana Lucía de los Angeles Vilardel and Vilma Griselda Albornozas co-authors of the crimes of repeated fraud in 60 acts and illicit association, in real competition.

The total sum of the damage caused, according to the complaints made, amounts to 3,901,700 pesos and 228,557.29 dollars.

Cositorto He had to appear before the prosecutor’s office to hear the indictment decree and gave his statement, although he refused to answer questions. The spokespersons highlighted that, throughout the more than two hours that the procedure lasted, the CEO of Generation Zoe He claimed to be the victim of a smear campaign.

The businessman was transferred in a special operation to Salta from Córdoba, where he remains detained, and was housed in the General Mayor’s Office of the provincial capital, where he will remain until next Monday.

For its part, Jorge Vilardel, Ricardo Vilardel, Ana Lucía Vilardel and Vilma Griselda Albornozwho also remain detained along with Cositortorefrained from testifying and informed that they will present their version of the facts in writing

How the Generation Zoe pyramid scheme worked

The businessman is accused of setting up a pyramid scheme, also known as ponzi Scheme, in which he asked the contributors to put money with the promise of receiving sky-high dividends for their investments. When he was no longer able to repay those who entrusted him with his savings, he fled the country and escaped to the Dominican Republic, where he was detained by Interpol.

In the specific case of Salta, the complaints came after the closure of the branch located at 782 Pellegrini Street, in the provincial capital. From the UDEC they determined that the company’s modus operandi consisted of signing trust contracts -called educational or intelligent membership-, whose amount varied between 500 and 1,000 dollars. In exchange for the investment, the finance company promised them a return of between 7.5% and 10% monthly and 120% annually, and the memberships were distinguished between Classic, Premium, and Intelligent, depending on the capital contributed and the a differential rate of return between them.

The day after paying the membership, the user was shown in his Zoe online profile, a capital increase of 20% as an educational bonus, that is, if a person invested 500 dollars, at 24 hours, it was on the platform he owned 600 dollars. The initialed contract had a duration of three years, at which time the investor could only withdraw the capital from it.

Most of the investments were made in cash, money that was delivered by hand to the accused and only in some cases were bank transfers made to the bank account. Jorge Federico Villardelwho also received the transfers made by Cositorto, earmarked for the payment of employees and investors, who are in charge of carrying out such operations.

According to the work of investigators from the Complex Economic Crimes Unit, the role of Cositorto was the CEO of Generation Zoe, for which he signed the contracts with the investors and was in charge of collecting the money contributed through transfers to his different bank accounts. The other detainees collaborated with him.

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