German has been arrested Cardona Soler (responsible for Finance Forex) at his home in Valencia as a reported in various media and moved to Madrid to make it available to a court of the Audiencia Nacional.
It is being investigated for being responsible for Finance Forex, a company in which an estimated attended by more than 20 000 investors from different countries.
Several of us who read this blog at the time involved in Forex Finance as expected and have long been waiting for news about what will happen with the money deposited in finance forex.
With this arrest but not guaranteed a solution is a breakthrough in research to determine what really happened with the money that many investors have placed in Finanzas Forex.
Enclose the original note on the arrest of Germain Cardona:
A monthly income of up to 20 percent for any investment. This is the promise that Valencia was a financier close to 20,000 unwary.
Germain Cardona Soler, 49 years old, was arrested Tuesday at his home on Avenida del Puerto in Valencia after being accused of a scam involving modest millionaire investors from 10 countries.
The fraud could amount to 1,600 million dollars, according to published newspaper The Republic of Colombia, the largest number of people duped by the alleged fraudster arrested now. Germain Cardona faces civil and criminal proceedings in Spain, the United States and Colombia. Some complaints are directed against him, while others exercise legal action against its two main businesses.
According to police investigations, finance deceived Valencia military officials, entrepreneurs and other small investors who transferred large sums of money.
For some time offered and paid monthly returns of up to 20 percent, but banks began to hinder the sending of money considering that these were fraudulent transactions.
However, Cardona and his associates argued that these were arbitrary bankers envious of the success of its financial system. For all investors can access their benefits, opened hundreds of offshore bank accounts and dozens of U.S. banks.
The first day of each month, the victims were in the interests virtual accounts which they were entitled as a result of transactions between companies Cardona claimed to have done. Fever investors grew with the support of a pyramidal network built very quickly. The strategy was none other than offering proceeds for each new person into the system. The minimum amount of money they received was $ 100.
The business looked profitable until the authorities of the United States and Colombia detected the fraudulent scheme in 2009. Financial activities were illegal and high risk. Therefore, the researchers detected and froze numerous bank accounts in small Florida, California and Colorado. The pyramid began to crumble Cardona.
The enthusiastic investors became victims of a scam millionaire. Monthly benefits and commissions were over. In addition, those affected and could not recover their dollars or Colombian pesos. Many of them raised the money by mortgages on property that also lost.
After discovering the fraudulent network, financial Valencia began receiving death threats. Germain Cardona, no college no more business experience than the brushes and soaps have been sold on the streets of Valencia, is the alleged mastermind of the plot.
On Tuesday, a dozen policemen came to his house on Avenida del Puerto in Valencia. The agents arrested the scammer and has recorded two floors in the building.
Inspected all rooms with several dogs trained to detect legal tender notes.
After you read their rights and inform you of the reason for the arrest, Cardona was transferred to Madrid to make it available to a court of the Audiencia Nacional.
The detainee stated in poverty, but police suspect he hid millions of euros in bank accounts with the help of straw buyers.
