Algorithm creator for Generación Zoe pyramid scheme arrested in Venezuela
Rosa María González Rincón, who designed the algorithm used by the Generación Zoe pyramid scheme, was arrested in San Cristóbal, Venezuela after years as a fugitive from Argentine justice. The fraud affected over 15,000 people across multiple countries and caused losses estimated between $100 and $300 million.
What happened
Rosa María González Rincón, who joined Generación Zoe in 2021 as Director Zoebroker, was arrested in San Cristóbal, Venezuela by the Dirección General de Policía Internacional after remaining a fugitive from Argentine justice for several years.
González Rincón was responsible for the algorithm that facilitated the pyramid scheme operated by the organization. The arrest was carried out through digital intelligence analysis and international cooperation.
Reported impact
The fraud affected more than 15,000 people in Argentina, Chile, Uruguay, Spain and Mexico.
Estimated losses range between $100 and $300 million.
Index analysis
The algorithm was designed to penetrate the financial market, implementing a fraudulent pyramid fund-raising system with well-defined hierarchies that gave the appearance of legitimacy to mass capital collection.
The organization was structured as a transnational criminal operation with an international reach, including coordinating collaborators and logistics operators.
Classification
Sources and evidence
Sources not yet published
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