The Technology Zoe Ponzi trial has kicked off in Argentina.
Commencing October sixteenth and anticipated to run until December eleventh, the mammoth trial will decide the way forward for proprietor Leonardo Cositorto.
Cositorto, showing in a bulletproof vest alongside co-conspirator Maximiliano Batista, is on trial for legal affiliation and fraud.
Along with Cositorto and Batista, 4 different Technology Zoe defendants are additionally dealing with trial; Lucas Damián Camelino, Nicolás Ismael Medina and Javier Sebastián Medina.
As reported by Infobae, Cositorto’s attorneys have twice requested the trial be suspended. Each requests have been denied by the courtroom. Cositorto’s attorneys additionally requested permission to attend the courtroom remotely, once more denied by the courtroom.
Over the following few months, Prosecutors in Goya plan to convey forth 166 witnesses. The Technology Zoe case stems from 176 documented instances of fraud.
Outdoors of Goya, Cositorto is dealing with associated legal instances in Cordoba, CABA and Santa Fe.
Technology Zoe was an MLM crypto Ponzi that surfaced in 2021. The rip-off collapsed in early 2022, prompting Cositorto to go on the run.
Following a manhunt throughout South America and the Caribbean, Cositorto was arrested within the Dominican Republic in April 2022.
Technology Zoe investor losses have been pegged at $747 million. Nearly all of invested funds stay unaccounted for.