Sixteen Technology Zoe victims have filed a civil lawsuit in opposition to Technology Zoe and three US-based promoters.
Zoe World College is/was a Technology Zoe Florida shell firm, run by Florida based mostly defendants Pablo, Matias and Agustin Monteleone.
Named Plaintiffs within the initially filed July thirteenth, 2022 Florida civil go well with are;
- Andrea Martinez (Florida)
- Eduardo Silva (Florida)
- Jose Luis Mantilla (Spain)
- Luis Angel Mantilla (minor represented by father Jose Luis Mantilla)
- Jose Angel Mantilla (minor represented by father Jose Luis Mantilla)
- Victoria Teran (Spain)
- Alejandro Silva (Florida)
- Veronica Roach (Florida)
- Maria Jose Hrepich (Florida)
- Andrea Silva (Florida)
- Xiomara Mantilla (Chile)
- Gustavo Diaz (Florida)
- Candela Munoz (Florida)
- Maria Viera (Colombia)
- Andres Puente Viera (minor represented by mom Maria Viera) and
- Fabian Bucarrey (Florida)
As alleged by the Plaintiffs;
This case issues Plaintiffs’ provision of a whole lot of 1000’s of {dollars} to Defendants based mostly on Defendants’ fraudulent representations that they might make investments and handle Plaintiffs monies and supply to Plaintiffs exorbitant returns on Plaintiffs’ investments.
Defendants function a fraudulent enterprise enterprise often known as “Technology Zoe” or “Zoe College.”
Technology Zoe was a smart-contract Ponzi cycler run by Argentine nationwide Leonardo Cositorto.
The final iteration of Technology Zoe was launched in 2021. The Ponzi scheme collapsed in early 2022.
Cositorto was finally arrested within the Dominican Republic and extradited again to Argentina.
We haven’t had any substantial updates on Cositorto’s prison case since mid 2022.
Plaintiff’s criticism references Technology Zoe and Zoe College interchangeably. As I perceive it, Zoe College was what the Monteleone Defendants recruited their Technology Zoe downline by way of.
Pablo Monteleone, Matias Monteleone, Agustin Monteleone, and Zoe World College, LLC represented to Plaintiffs that “Zoe College” has workplaces worldwide positioned in numerous international locations, and that Defendants opened a “Zoe College” workplace in Miami, Florida.
All through the summer time and fall of 2021, throughout in-person conferences at Defendants’ “Zoe College” Miami workplaces which occurred between Plaintiffs and Defendants, in addition to by way of written brochures and different paperwork, phone calls, texts and emails, Defendants fraudulently induced Plaintiffs to supply substantial sums of monies to Defendants.
One a part of the “danger free” grift allegedly noticed Pablo Monteleone supply $200,000 “Multi Millionaire In” funding positions.
Beneath the Multimillionaire Pin funding, an investor would pay to Defendants the quantity of Two Hundred Thousand {Dollars} ($200,000) and, in change, Defendants would pay to Plaintiffs One Thousand One Hundred {Dollars} ($1,100) per day for 4 years, after which Defendants would return the preliminary funding of Two Hundred Thousand {Dollars}.
Pablo Monteleone additionally falsely represented that, if an investor bought a Multimillionaire Pin, the investor would acquire entry to Defendants’ numerous properties positioned in South America for holidays.
Additional, Pablo Monteleone falsely represented that traders within the Multimillionaire Pin would have entry to airways and planes owned by Defendants in order that the traders may journey to locations of their selecting without charge.
Pablo Monteleone additionally falsely represented that traders within the Multimillionaire Pin could be invited to Defendants’ annual convention in Singapore.
Collectively, the sixteen Plaintiffs allege they misplaced $847,159 to the Monteleone Defendants.
Defendants by no means invested Plaintiffs’ monies in shares, crypto currencies and companies as promised by Defendants.
Moderately than investing Plaintiffs’ monies as Defendants falsely represented they might, Defendants stole and absconded with Plaintiffs’ monies and transformed Plaintiffs’ monies to Defendants’ personal use.
Plaintiffs have sued the Monteleone Defendants throughout eleven counts of fraud:
- conspiracy
- fraudulent inducement
- negligent misrepresentation
- violations of the Florida Misleading and Unfair Commerce Practices Act
- conversion
- unjust enrichment
- unregistered supply and sale of securities
- violations of the Florida Securities and Investor Safety Act
- violations of the Securities Act of 1933
- rescission and
- breach of contract
On September twenty ninth the Monteleone Defendants filed their solutions to Plaintiff’s Criticism.
Regardless of seemingly misappropriating nearly one million {dollars}, the Monteleone Defendants declare they
don’t have cash, since we had been scammed by Leonardo Cositorto, identical to the Plaintiffs.
For that reason we began a prison case in Argentina, the place Leonardo Cositorto’s firm operates.
The Monteleone’s go on to allege the Plaintiffs invested in Technology Zoe previous to their getting concerned.
It ought to be famous that the plaintiffs started their investments earlier than Zoe World College LLC existed, since they’d a take care of Leonardo Corsitorto earlier than Might 2021.
On September thirtieth, the Monteleone Defendants filed the referenced “prison criticism kind”.
On January 10, 2020, Pablo Sebastian Monteleone and his brother, Matias Monteleone, joined ZOE, contributing … a capital of $300 and $1000.
Within the 12 months 2021, Pablo Sebastian Monteleone decides to settle in the US of AMerica, particularly within the state of Florida the place he owned a property, which was transmitted by him to these accountable fro ZOE Argentina.
Cositorto … had informed him about the potential of opening a department in Miami.
Throughout the framework of the conferences, each Corisotro and (Maximiliano) Batista proposed … to open a department of ZOE in Miami.
Supposedly on the cash facet of issues Technology Zoe “nation leaders” obtained 10% of country-wide funding. Places of work just like the one the Monteleone’s ran had been presupposed to obtain 5%.
Cesar Quinteros and Daniela Solarte are cited as US nation leaders for Technology Zoe.
Purportedly, Zoe College took in $12.1 million from US traders. Outgoing funds dried up as Technology Zoe collapsed, and the remainder is historical past.
Whole US World Zoe losses stay unknown. To this point US authorities haven’t signalled the Ponzi scheme or its high US promoters are below investigation.
Wanting ahead within the Florida case, a “particular set listening to” has been scheduled for March third.
I’ve added the Technology Zoe Florida lawsuit to BehindMLM’s case calendar. We’ll preserve you posted on any updates.
