Prolific Ponzi promoter Juan Carlos Reynoso has been launched from custody.
Mexican authorities have been ordered to launch Reynoso and his accomplices on June 1st.
Mexican authorities arrested Reynoso again in March. Reynoso, a Peruvian nationwide, was a part of cartel-linked Black Wall Avenue Capital.
Mexico Metropolis Police’s case towards Reynoso and 4 accomplices pertained to drug trafficking and cash laundering.
In ordering Reynoso’s launch, a Federal Choose dominated the case towards Reynoso wasn’t credible. Irregularities with proof collected towards Reynoso have been additionally discovered.
Whereas which may sound like Reynoso did nothing unsuitable, the issue lies with Mexico Metropolis Police.
The Choose discovered the raid on Black Wall Avenue Capital “was an entire violation of elementary rights”.
$3 million in money is reported to have gone lacking, and there have been inconsistencies between on-site safety footage and photographs captured by SSC officers.
Supposedly, the officers had seized 5 black jumbo-sized baggage that have been full of money, however solely left one for the Public Ministry consultants to report on the search sheet.
The Prosecutor’s Workplace counted 6 bundles of 10,000 {dollars} and 4 bundles of two,000 {dollars}, giving a complete of 168,000 {dollars} in money, however the defendants assured that 3 million {dollars} and 15,000 pesos have been lacking, which the officers who participated within the theft allegedly stole in the course of the search.
On-site safety footage additionally recommended SSC officers planted weapons on the scene.
Now Public Prosecutors are investigating the SSC officers who carried out the raid.
The price of corruption inside Mexico Metropolis’s police power? Reynoso walks free.
Exterior of working with Mexican cartels, Juan Carlos Reynoso has promoted and helped run a number of MLM crypto Ponzi schemes.
Reynoso usually targets his fraudulent efforts at Spanish-speaking Latin American victims.
Circa 2018, Reynoso headed up the iComTech Ponzi scheme as CEO.
In November 2022, US authorities arrested iComTech founder David Carmona and several other high promoters.
On the time BehindMLM famous it was odd that Reynoso had averted arrest.
After iComTech collapsed, Reynoso joined OmegaPro as Common Supervisor for Latin America.
OmegaPro launched in late 2018 and by 2022, claimed to have 1.8 million traders.
OmegaPro collapsed in November 2022. How a lot Reynoso stole by means of the Ponzi scheme stays unclear.
Previous to his arrest, Reynoso was named Chief Gross sales Officer of the Go World reboot.
Whereas OmegaPro amassed over one million victims, Go World isn’t going so effectively.
Following his launch, Carlos’ standing is unknown. We anticipate he’ll go underground for some time earlier than resurfacing with a brand new Ponzi scheme.
