A man identified as J.E.M.L. was arrested pursuant to an arrest warrant for his alleged involvement in a multimillion-dollar fraud related to an investment scheme that allegedly defrauded several people in Oaxaca.
The investigation indicates that in July 2022, the detainee allegedly offered to invest in a company called “Word Capital” to a person, claiming that the company was registered on the Stock Exchange and that it guaranteed the return of the capital plus monthly profits of 3 to 4%, provided the investment was maintained for at least a year. He also allegedly stated that other people had already placed their trust in the project.
The victim invested approximately 2.5 million pesos; however, at the end of the agreed-upon period, he received neither the capital nor the promised returns. Following the complaint, the corresponding investigations were initiated, and an arrest warrant was requested.
The accused was located and brought before the competent authorities, where his legal status will be determined.
This case is part of a series of complaints related to unregulated investment schemes, so citizens are advised to always verify the legality and backing of financial institutions before committing their assets.
Source: imparcialoaxaca
