By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.

Interpol has captured the CEO of Generation Zoe, an Alleged Crypto Scam

Quick take:

  • Interpol has apprehended Leonardo Cositorto, the former CEO of Generation Zoe.
  • The platform is one of Argentina's largest accused financial and cryptocurrency fraud platforms.
  • The arrest of Cositorto was carried out in the Dominican Republic.

Leonardo Cositorto was arrested in connection with the operations of Generation Zoe. The platform was considered to be one of the largest pyramid scams in Argentina.

Cositorto, who has been on the run, had been located in the Dominican Republic. Interpol tracked him for a long time, and he was finally captured.

Interpol managed to track down Cositorto’s location

The police could track Cositorto's whereabouts by utilizing the IP logs he left when promoting a new venture called Sunrise Coach on social media. The authorities confirmed that detectives had monitored Cositorto's daily broadcasts in order to evaluate the backdrop pictures in these films. 

They determined that the sceneries shown match those observed in Santo Domingo, the Dominican Republic's capital.

Interpol arrested him at a hotel in the area. He will be facing charges for scams associated with Generation Zoe.

Generation Zoe’s growth

Generation Zoe started out as a coaching aid for people five years ago. As the firm grew, it added a financial arm that used supporter funds as deposits.

These funds created revenues for them that the firm promoted as "safe." 

These profits are said to have come from investments in various industries, including mining, vehicle sales, health, aesthetics, real estate, and soccer.

The corporation even launched its own cryptocurrency, Zoe Cash, which was said to be gold-backed. The organization went on to establish its own church, Aviva Zoe, as well as a fast-food chain called Zoe Burger.

The attorney who represents the 70 victims of the case tagged the case “as one of the biggest scams in the history of Argentina.”

The information provided on DecentReviews does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Do not treat any of the websites content as such. DecentReviews does not recommend that any cryptocurrency or blockchain asset should be bought, sold, or held by you. Conduct your own due diligence and consult your financial advisor before making any investment decisions.

Get free Web3 analysis and news in your inbox

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Platforms/tools Mentioned:

There are no products mentioned.
This page may contain affiliate links. Learn more