Join, the virtual currency that has led to some scam pyramid and reached to Ecuador – The Universe

To enter, to Join, a virtual currency, interested parties had to pay a minimum of 60 euros (about $ 63) per month. This way they could charge thousands of euros to change to copy and paste ads on social networks.

The work took about 10 minutes and required no expertise computer. So Jose Ramirez -inventor of the currency, which promised customers an annual profit of 188%- raised until September 2014 about 48 million euros (approximately $ 50 million), a year and a half of operations.

The highest incomes came from Italy (€22 million), Spain (12 million), the USA (3 million), Peru (2 million), according to published newspaper The Country of Spain, based on a report of the Unit of Economic Crime and Fiscal (UDEF) of Spain.

From Ecuador were made 178 shipments, with an average of 4,800 euros each, totaling over 850 thousand euros.

Italy tops the list of affected (46%), followed by Spain (26%), USA (7 %), Peru (4 %) and Colombia (3%). Ecuador is 1.78%. Of the 48 million euros collected by Ramirez, the depositors -about 22,000, which will also be counted in the Dominican Republic, Indonesia, Japan, or Canada – have only recovered eight million.

Ramirez was accused of fraud and money laundering. Entered in provisional detention in October 2015, with his partner and co-founder of the company, but is now free. Research on the management of the founder of Join sum 23 defendants.

authorities are investigating the handling of have bank in several nations. Also probe the money trail disappeared in France, Panama, Malta, Croatia and the united Arab Emirates. Apparently these countries were to stop the funds that Ramirez raised through the society, Union Business Online LTD registered in St. Vincent and the Grenadines.

The plot broke out in June of 2015 after a former worker of Ramirez -who conducted their clients through lectures at hotels and videos on the net – decided to collaborate with Spanish researchers and will deliver documentation of the servers of the company.

Join remember to the if Publi-Fast that erupted in 2014 in Ecuador, in which those interested in participating should make a deposit and then advertise brands from other companies through Facebook, and so get profit. (I)