The defendant requested house arrest. In the return, priority would be given to deposits of less than 2 million Argentine pesos, and as of November 15, to other savers.
Experts from the Subdirectorate of Technological Crimes of the National Gendarmerie of Argentina were able to enter the virtual wallet of the firm Adhemar Capital. Edgar Adhemar Bacchiani, owner and CEO of the company, is charged with fraud and money laundering.
What could be demonstrated with the procedure is the existence of assets in your Binance account. More than 58 million dollars in USDT.
Once the finding was known, Bacchiani’s lawyer, Lucas Retamozo, requested house arrest for his client. He said that the money “is available to be returned to the savers”, and that a payment plan has already been presented to the Justice.
Bacchiani’s Argument and Strategy
Bacchiani revealed that he has that sum in a wallet, but he refused to show the movements of the account, which is key in the investigation carried out by the Federal Justice, which could now arrange for that money to be transferred to a judicial account.
Bacchiani’s strategy of refusing to show the movements would be a way of pressing for the granting of the benefit of house arrest.
Retamozo said that in the return of the money priority would be given to those who have deposited sums less than two million Argentine pesos, to those who have health problems, and from November 15 to the rest of the savers.
How Adhemar Capital Operated
Bacchiani’s company worked, as he explains on his social networks, with cryptocurrencies, and offered rates of between 12 and 22% per month to those who placed money and, depending on the amount, could reach 50%.
It appears constituted for the purpose of wholesale and retail distribution of food products, natural or industrialized; to plan, promote, protect, develop and market, on its own account or on behalf of third parties, real estate ventures. And for the sale of vehicles and machinery and consulting tasks.
In January, the Central Bank asked the Attorney for Economic Crime and Money Laundering (Procelac) to investigate the firm Adhemar Capital. It was before the possibility that he is developing a pyramid scheme under the facade of supposed investments in cryptocurrencies.
The request originated from a complaint by the governors of Catamarca, Raúl Jalil (one of his brothers has money in Adhemar), and of La Rioja, Ricardo Quintela. They alerted last September about the activity of a series of non-financial companies installed in that province. It was the first step to Bacchiani’s downfall.
Bacchiani already has complaints and proceedings against him in Córdoba and Tucumán, where he landed last year with a scheme similar to that of Catamarca, the province where his firm was born.
In a report granted to a media outlet in Córdoba, he compared himself to Bill Gates and Steve Jobs for having started his company in a garage.
Bacchiani, 45, presents himself as a native of Buenos Aires who chose Catamarca with its place in the world to live and do business. A few years ago he founded Adhemar Capital, a financial organization that took over the province’s square in a “transversal” way.
But as happened with Generación Zoe in Córdoba, between December and January, the scheme began to fall like a house of cards.
By Audy Castaneda
