One of the most talked about cases in Latin America was about “investment systems” involving fraudulent cryptocurrencies. It wasn’t until after the criminals were caught in August this year that it was truly understood how the scam operated. Using highly persuasive videos uploaded to YouTube, the criminal organization, founded in 2015, managed to build a broad customer base for its business. Initially, it was presented as a platform for trading cryptocurrencies, partner clubs, and marketing networks.

With some regularity, executives asked company partners to make small investments of $1,000, promising future membership. As they paid out hefty profits to investors, enthusiasm for the project rose, but sadly the project ended abruptly with a rug pull. After several complaints, the police captured the leaders of the gang. Among them were Guatemalan Pablo Renato Rodríguez and Brazilian Gutemberg Dos Santos. Both were accused of committing fraud worth $20 million against the innocent investors who lost all their money. Now both are paying for their crimes in a U.S. jail while Tracingia LLC took charge of the recovery of 62% of the victim’s funds.

Tracingia Core Values

At Tracingia our culture comes to life through these five core values:

• Do the right thing
• Put our clients first
• Lead with exceptional ideas
• Commit to diversity and inclusion
• Recover and repatriate to the victim.