He has claimed that IX Inversor has gone into liquidation and proclaimed its demise.
On Monday, an official company webinar was held to share the information. Hernandez’s departure at IX Inversors got here earlier than Ecuador’s Superintendencia de Bancos confirmed an ongoing regulatory probe.
In January, Ecuador’s prime monetary regulator issued a fraud alert for IX Inversors.
Following a replace on March twenty ninth, the Superintendencia de Bancos mentioned that it had despatched its conclusions to the Monetary and Financial Evaluation Unit the day earlier than (UAFE).
The UAFE is a cash laundering and monetary crime investigation unit.
The inquiry into IX Inversors and Hernandez has now been taken to a brand new stage. Hernandez introduced the autumn of IX Inversors as a liquidation moderately than admitting that Ecuadorian authorities had been investigating him for monetary crimes.
IX Inversor’s short-lived reboot, DIA, likewise matches this description. Sadly, the anticipated consequence was not realized.
This venture will likely be shut down on account of a current choice. It is going to be taken over by one other firm.
Evaluation of balances will likely be accomplished and all those that haven’t acquired a refund will likely be compensated. When Ponzi schemes fail, they typically promise to refund traders’ cash. It is mathematically not possible.
Hernandez claimed “disloyalty and software program points” as the first causes of the corporate’s demise.
There are reportedly tens of 1000’s of IX Inversors victims in Ecuador, a lot of whom gave up their very own houses and vehicles with a view to make investments.
Again in December, we uncovered IX Inversors as a fundamental Ponzi scheme that promised a ROI of 300%.
In line with Alexander Hernandez, CEO and co-founder of the Ponzi rip-off he claims to have been operating for 3 years, his Ponzi scheme has “roughly 450,000” traders.
Complete IX Inversor losses are unknown pending Ecuadorian authorities’ investigations.
There are rumors that Hernandez has left Ecuador. This data remains to be unconfirmed.