Leonardo Cositorto, founding father of the collapsed Era Zoe Ponzi scheme, is at present being held in an Argentinian jail on fraud prices.
Doubling down on fraud, Cositorto has now launched All Us Schooling.
All Us Schooling payments itself as an “academy”.
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Not surprisingly, All Us Schooling is made up of former Era Zoe buyers.
The enterprise mannequin is straightforward. Enroll, pay $6, recruit 5 folks… revenue.
In different phrases, All Us Schooling is a pyramid scheme.
In a current interview given from jail, Cositorto (proper) maintains that neither Era Zoe or All Us Schooling have been/are pyramid schemes.
A pyramid is when, one: there is no such thing as a product; two: you earn cash everytime you invite different folks to take part.
Third: the invitee can by no means earn greater than the one who invited. However primarily there is no such thing as a product.
And Zoe did have a product, which was an academic product.
Placing apart Era Zoe was initially a Ponzi scheme (all MLM Ponzi schemes have a pyramid element), including a product to a Ponzi and/or pyramid scheme doesn’t legitimize fraud.
A enterprise mannequin defines fraud, regardless of whether or not merchandise are hooked up. The “however we now have a product!” ruse hasn’t been a factor for over twenty years.
All Us Schooling has no retail prospects. You join as an affiliate, recruit new associates and receives a commission to take action. Once more, no matter what that’s hooked up to (some baloney training platform on this case), All Us Schooling is utilizing a pyramid scheme enterprise mannequin.
Oh they usually’re most likely promoting your private information too;
What private information can we acquire?
Our academy collects and shops your private and identification information (similar to title, surname, condominium deal with, e-mail deal with, programs of curiosity, citizenship, gender, place and date of delivery, phone quantity) via our channels.
As of early October, $6500 had been misplaced via All Us Schooling. Past double scamming Era Zoe victims, it doesn’t look more likely to take off.
One other cash spinner for Costitorto is promoting the narrative rights to Era Zoe, which brings with it its personal set of issues (accuracy being the first concern).
Behind the work there are two worldwide manufacturing corporations. Considered one of them, Vice TV, is predicated in London.
The opposite, they are saying from their environment, is an American firm. PROFILE CÓRDOBA confirmed, via the provincial authorities, that Cositorto was contacted by Vice TV.
As he was capable of reconstruct this medium, it was in April of this yr. From there, the negotiation progressed. In the midst of the yr the contract was signed and, later, it was filmed.
There are scenes within the Bouwer jail, the place the interviews with Cositorto passed off.
The settlement is a part of a confidentiality settlement, they identified from the atmosphere of the chief of Era Zoe.
Manufacturing is within the remaining stage.
As at October thirtieth, there are purportedly two events overlaying the Era Zoe Ponzi saga.
Cositorto, who had been held in custody since his extradition to Argentina again in April, was denied bail for a 3rd time again in July.
The felony case towards Cositorto continues however there haven’t been any vital updates for the reason that July bail denial.
