• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
This is how Quaker oats are made, a product that has been in Ecuador for several decades
Economy in 2024: stagnant, without the ITT and with a mining sector in decline
Bird flu detected in dead birds in Galapagos
El Niño phenomenon: alert status changes from yellow to orange in Ecuador
The United States is the first destination for Ecuadorian organic bananas
Ecuador incorporates 65 thousand new hectares of forest under conservation
Foreign Ministry must rent 59 premises abroad so that 390,000 migrants can vote
Italian mafia has ‘interests’ in Ecuador and other countries in the region
Ecuadorians have fewer children; 600,000 fewer babies than expected since 2010
Memorandum between the US and Ecuador has 169 objectives to strengthen security

Risks of investing in a pyramid or unauthorized company

Posted On 08 Jul 2021

Depositing money in an illegal structure, not authorized by the Superintendency of Banks or without being legally constituted is a risk for the population. The first reason, which is obvious, is that there is no security or guarantee that the investment will be recovered.

How do I justify the money I will receive, as interest?

The so-called pyramids are business models that end, in certain cases, in massive scams. This is because the owners of the alleged companies disappear with the money deposited. In Quevedo there is fear that this will happen due to the suspension of the refunds of the amounts paid into Big Money SA, by Miguel Ángel Nazareno, who is being investigated for illegal money collection.

However, from the criminal perspective there is also a danger of being a participant in financial operations like this one. Attorney David Pacheco clarifies that, in the particular case of Big Money, there are two situations.

On the one hand, the Prosecutor’s Office investigates the illegal capture of money. This alleged crime does not involve any of the so-called ‘investors’, or citizens who gave their money to receive a 90% interest. They are not accomplices, but victims of a massive scam.

Instead, these people could be related to an alleged crime of money laundering. “The UAFE (Unit for Financial and Economic Analysis) can go against the ‘investors’ by investigating the origin of the money,” he says.

The lawyer explains that Big Money users have no way of justifying the amounts they have received. “It affects everyone,” says Pacheco, referring to what would happen if the UAFE determines that the investment company laundered money.

Therefore, citizens must take precautions with alleged financial structures that operate outside the law and regulations in force in Ecuador, which put their finances at risk and could lead to more serious legal inconveniences. (I)

https://www.eltelegrafo.com.ec/noticias/actualidad/44/riesgos-de-invertir-en-una-piramide-o-empresa-no-autorizada

About the Author
  • google-share
Previous Story

Ecuador begins mass vaccination of the tourism sector

Next Story

Financial platforms that raise money in Ecuador swarm on the Internet

SEARCH

LATEST NEWS

This is how Quaker oats are made, a product that has been in Ecuador for several decades

Posted On 22 Sep 2023

Economy in 2024: stagnant, without the ITT and with a mining sector in decline

Posted On 20 Sep 2023

Bird flu detected in dead birds in Galapagos

Posted On 20 Sep 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net