Concepción and other members of Trust Investing had also found their liberty in early September.
The legal authorities released the Director in Cuba of the fund manager with bitcoin (BTC) and cryptocurrencies Trust Investing, Ruslan Concepción. This event took effect four months after being arrested for alleged illicit economic activity.
Apart from Concepción, other company members also got released in the Caribbean country, as shown in a video broadcast on the Trust Investing International YouTube channel earlier this month. Various proofs of this situation, published through the social network Facebook, support the information.
Local media indicated that despite having been detained since the end of last April, Concepción did not receive any prosecution for the accusation of leading illegal economic activities.
Its release runs in parallel with the recent legalization of BTC for payments on the island, a measure revealed in the Official Gazette at the end of August. This legalization came into force this past September 15.
Likewise, it is unknown what happened to the properties and money that Concepción would have obtained illegally. Some suggest that it is the funds of investors from the Trust Investing platform, referred to as a Ponzi scheme worldwide.
The company describes itself as an Estonian-based digital currency manager present in at least 50 countries or more. According to its website, Trust Investing has a team in charge of checking up the cryptocurrency market that works in line with experienced operators in the financial market.
This platform is well-known in Spanish-speaking countries such as Mexico, Spain, or Panama. It has suffered rejection by research firms because they consider it a fraudulent pyramid scheme.
Tulip Research said in this regard that Trust Investing functions like a Ponzi scheme. It does not have veridic products and pays its investors with their incoming money. It means that without new clients, there is no new money.
On the other hand, a statement appeared in Spain and Panama. This statement openly explains that this company does not receive the support of the authorities to bring any investments in those countries.
Ruslan, from Cuba to Russia
Last April, Ruslan Concepción was arrested while trying to abandon Cuba and take Russia as a destination. And this fact did not go unseen by Trust Investing investors, who described it as an attempt to abandon the country with their funds.
Through social networks, clients of the platform who want to get their funds restored have demonstrated disgust and concern against Concepción after his release. According to the Cuban media outlet called Periódico Cubano, Concepción is a scammer and has been threatened by users in various Facebook groups such as CriptoCuba.
Another user said he had pending withdrawals from the platform since May of this year and expressed that traveling to Las Tunas (the Cuban town where Concepción resides) is easy travel. Later, the local newspaper assured that the statement completely disappeared from the internet.
Although Concepción is the leader behind the company on the island, there are defenders of Trust Investing who had made clear that he is just another investor.
By: Jenson Nuñez
