The new business assures similar advantages to those that Generation ZOE presented. Leonardo Cositorto, CEO of the company, faces accusations internationally for fraud.
Leonardo Cositorto, the promoter of the Zoe Cash token and CEO of Generación ZOE, investigated by the Argentine authorities and accused of fraud, appeared to the public on March 9 to assure millionaire profits with a new business named Sunrise Coach.
Through a Zoom conference and from an unrevealed location, Cositorto highlighted the benefits his new business possesses. Sunrise Coach will be an education system intended to work for at least three years in which they will receive investments of up to USD 3,600, and each investment will generate a return registered in a monthly 7.5% per month.
Cositorto explained. that the expectation is that they will not be more than 20,000 people who, for each sale, would acquire at least USD 100, all outside the traditional financial system since the business would operate with stable Tether.
There is no evidence of Sunrise Coach’s existence on the internet. It is also unknown if it has its proper headquarters, nor is there a web page to corroborate the information the CEO reported.
Regarding Zoe Cash and Generación ZOE, Cositorto, who shows himself as an expert in ontological coaching, highlighted that he would not continue due to problems and people who created lies around him. He acknowledged that accounts in seven banks got restricted, which caused a critical situation.
According to the CEO, the 7.5% monthly payment promised to Generación ZOE investors also got suspended, and the capital will go back in installments.
In this sense, he highlighted that they would study the bank accounts that the company currently possesses in Argentina and Colombia, while the next move would be to arrange agreements with the investors, benefiting those who entered the system since November.
The Zoe Cash token, from Generación ZOE, currently counts on a price of USD 0.005, after hanging around USD 0.30 on March 8, when the new level of the business got revealed.
Complaints Attacking Generation ZOE
Cositorto’s promises happened through a network of directed companies approaching various nations in Latin America.
One of the first countries that showed complaints about ZOE was Paraguay. The police of that country executed a raid on the company’s headquarters. The reason is that the company allegedly offered investments without the proper permissions to carry out that operation.
In Spain, there have been protests against the company, which got located in Elda, in the south of Valencia and closed to the date. Among those affected by Cositorto’s company, a group of at least 12 people got owed more than EUR 350,000.
Generation ZOE also reached countries like Colombia and Venezuela. In the case of Colombia, despite the accusations against the company and its CEO in Argentina, local authorities have recognized that Generación Zoe has a license to carry out its activities as a coaching university.
By: Jenson Nuñez
