Newcomer Wenance CEO arrested in Palermo accused of scam who owes $297 million in bad checks - Ponzi scheme still in 2024?

[legend]

Following the case of Argentina's largest fraud by Enrique Blacksley, owner of Hope Funds and dubbed the "Argentinian Madoff," orchestrating 311 scams based on the notorious Ponzi scheme, Alejandro Muszak emerges as the country's second most significant swindler. Fortunately he was arrested today.

Ponzi scheme still in force in 2024, it's unbelievable! people should be alerted of this type of scams.

Así detuvieron al CEO de Wenance acusado de estafa que debe $297 millones en cheques sin fondo

Alejandro Muszak fue arrestado por la Policía Bonaerense mientras salía de su casa en Palermo. Incautaron su auto y su computadora Mac que podrá ser peritada. El empresario debe más de $297 millones en cheques sin fondo

www.infobae.com

 

[Flamingo]

Wow I didn't think that loans and credit on a large scale really existed here. Good to see him arrested.

 

[maxima]

I thought these kind of plans were no longer in effect. 😳

A Ponzi scheme is a type of financial fraud that involves paying investors in a non-existent venture with funds raised from new investors.

¿Qué Es Un Esquema Ponzi Y Cómo Reconocerlo? - Bitso Blog

¿Qué es un esquema Ponzi? Descubrí cómo funciona, cuánto tiempo dura y cómo identificarlo + diferencia entre esquema Ponzi y piramidal.

blog.bitso.com

To be alert.

 

[Spend Thrift]

You kmow the saying.... if it sounds too good to be true..

 

[noname]

Yes, you'e right! Nothing that promises so much in such a short time can be real..... I am sorry that eight thousand people have lost so much money....

 

[GraceH]

Yes, you'e right! Nothing that promises so much in such a short time can be real..... I am sorry that eight thousand people have lost so much money....

The number is probably much higher than that. Many people probably haven’t reported it.

 

[noname]

Probably, I hope he doesn't get out on bail..

 

[jesicac]

I'm so angry about this. The fact that someone who scammed people could go to prison and then be released just by paying a huge bail is infuriating. It just goes to show that money can solve everything. Where is the justice for the people who were wronged? This system is so flawed and unfair.

https://www.infobae.com/sociedad/policiales/2024/07/11/el-ceo-de-wenance-procesado-por-estafa-dejo-la-carcel-tras-pagar-una-millonaria-fianza/

 

[Larry]

Let's see if he gets ultimately convicted.