Prolific Ponzi promoter Juan Carlos Reynoso has been launched from custody.
Mexican authorities had 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 in opposition to Reynoso and 4 accomplices pertained to drug trafficking and cash laundering.
In ordering Reynoso’s launch, a Federal Decide dominated the case in opposition to Reynoso wasn’t credible. Irregularities with proof collected in opposition to Reynoso had been additionally discovered.
Whereas which may sound like Reynoso did nothing flawed, the issue lies with Mexico Metropolis Police.
The Decide discovered the raid on Black Wall Avenue Capital “was an entire violation of basic rights”.
$3 million in money is reported to have gone lacking, and there have been inconsistencies between on-site safety footage and pictures captured by SSC officers.
Supposedly, the officers had seized 5 black jumbo-sized baggage that had been full of money, however solely left one for the Public Ministry specialists 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 had been lacking, which the officers who participated within the theft allegedly stole in the course of the search.
On-site safety footage additionally instructed 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 a number of other prime promoters.
On the time BehindMLM famous it was odd that Reynoso had averted arrest.
After iComTech collapsed, Reynoso joined OmegaPro as Basic 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 via 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 1,000,000 victims, Go World isn’t going so effectively.
Following his launch, Carlos’ standing is unknown. We count on he’ll go underground for some time earlier than resurfacing with a brand new Ponzi scheme.