BERNARD PHOTO MADOFF
arrested in Spain a "mini-Madoff" which came scams to Argentina
He is accused of having organized a scam that harmed more than 100 thousand people for a total of over U.S. $ 300 million. Madoff is imprisoned for a similar fraud but for $ 50,000 million.
A fraudster Bernard Madoff style but on a much smaller scale whose fraud exceeded $ 300 million and included, among many other countries, to unsuspecting investors from Argentina was arrested by English police in Valencia .
The English press described the prisoner as a "mini Madoff." Scams both were based on what are called "pyramid schemes" in which investors are promised a return much higher than could be achieved with other investment but are finally scammed. Madoff is the American prison for a fraud estimated to reach 50,000 million dollars, more than 150 times larger than the English.
The detainee, identified by the police with their initial GCS, had defrauded more than 100,000 people in 110 countries in America and Europe, among which, apart from Spain and Argentina, are Bolivia, Canada, Colombia, Croatia, Ecuador, USA, Slovenia, France, Guadeloupe, Iceland, Italy, Mexico, Panama, Peru, Puerto Rico, Dominican Republic, Switzerland and Venezuela.
According to the complaint, GCS promised investors a return of between 10% and 20% by investing your money in Forex market, speculating with currencies. But it returned most of the funds but used them to make real estate investments for themselves or proxy.
addition to the organization's alleged leader, three others were arrested and seven others were charged. Were also blocked accounts in twelve banks and locked a ban sales or other transactions on over twenty buildings
SOURCE: DAILY CLARIN.COM.
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