The CEO of Generación ZOE got transferred to Córdoba, where he will get investigated. In the latest raids carried out in Buenos Aires, USD 565,000 and 63,000 pesos got confiscated.
The case of Generación ZOE and its ringleader, Leonardo Cositorto, has reached a new level with his extradition to Argentine jurisdiction from the Dominican Republic, where he got detained on April 4.
Cositorto arrived in the early hours of April 12 from the Caribbean country, where he fled after getting accused of illicit association and fraud in Argentina. According to a local media report, the accused got transferred by a team of agents from the federal fugitive and extradition investigation division of Interpol Argentina.
After he arrived in Buenos Aires, Cositorto would get transported to Córdoba, the town where his company had its headquarters and where the court case would take effect.
On his way out to get transferred to Córdoba, Cositorto got to say to the media that his team works and continues, implying that his entity is still strong and active.
This information would be possible given that Cositorto launched another project last March, under a model similar to that of Generación ZOE, which got named Sunrise Coach. After informing that Generación Zoe was vanishing, the new project required investments of up to USD 3,600. Each investment will count on a monthly return registered at 7.5%, percentages similar to that of ZOE, and profits marked at 20% from referrals.
Cositorto got arrested by Interpol when occupying a hotel located in Santo Domingo, the capital of the Dominican Republic.
What Would Happen to Cositorto?
The also promoter of the Zoe Cash token and suspected of fraud will first get subjected to investigation before the prosecutor Juliana Companys and then transferred to the Bouwer prison, in the province of Córdoba, where he must remain until the officials decide his situation.
The defense attorney, Miguel Ángel Pierri, stated that the next steps would be to ask the Prosecutor’s Office for access to the investigation files to learn more about the current situation.
Pierri explained that his client was not in charge of a fraudulent scheme but of algorithms, and therefore it is not a crime since it is another type of application and financial procedure.
Pierri also wanted to clarify that Cositorto had not fled Argentina because his trip got scheduled on November 4, when it was not requested.
Authorities Seized Money and Documents
The authorities carried out raids on six homes of people involved in the Cositorto scheme, based in Buenos Aires.
During the procedure, several police forces participated; more than 565,000 dollars and 63,000 Argentine pesos, documents, and emails with crucial data that could add to the investigation got confiscated.
So far, 20 people got detained. Gustavo Saavedra was the last to be captured, who played a role in Leonardo Cositorto’s team at Generación Zoe. He got charged with illicit association and fraud.
By: Jenson Nuñez
