This Wednesday, March 15, the Mexican authorities carried out an operation at the financial company Black Wall Street Capital, in Mexico City, in which Five people were arrested, including the Peruvian Juan Carlos Reynoso, leader of the Omega Pro Ponzi scheme. which alone in Colombia generated losses of more than 280 billion pesos according to figures from AsoBlockchain (Association for Blockchain Entrepreneurs in Colombia).
Juan Carlos Reynoso describes himself as “entrepreneur”, “coach” and “consultant”, “with 30 years of experience in the financial field”. In 2022, Reynoso found himself involved in one of the biggest Ponzi schemes in history through the Omega Pro multi-level marketing platform.
Money laundering and drug trafficking.
Reynoso was the manager of Omega Pro for Latin America and appeared in various photographs and videos published on the company’s social networks, inviting people from more than 100 countries around the world to invest and thus ensure a supposed “Financial Freedom”. The businessman was arrested for crimes of money laundering and illicit drug trafficking, and his name jumped to the front pages of the Mexican media.
Arrested in a company with ties to a cartel.
Reynoso was arrested along with four other people. As reported by the Mexico City Attorney General’s Office, During the operation, short and long-range weapons, two packages of cocaine and almost 170 thousand dollars in cash were found.
The arrests made by the Mexican authorities in the financial company Black Wall Street Capital have revealed the worrying link between organized crime and the financial world in Mexico. Black Wall Street Capital, According to investigations, he would have ties and business with an armed wing of the Jalisco Nueva Generación Cartel, led by Nemesio Oseguera Cervantes, known in the world of drug trafficking.
His alleged relationship with a company that would have links to a drug cartel, as well as the case of the Omega Pro pyramid scheme, have generated great controversy in Mexico and other Latin American countries.
Although Reynoso’s direct participation in the crimes of money laundering and illicit drug trafficking has not yet been confirmed, what is clear is that his reputation has been seriously damaged and that he will have to face a complicated legal process.
Scams and illegal businesses not only affect investors and customers, but also cause great social and economic damage in the countries where they take place. Governments and regulatory authorities need to be vigilant and take measures to prevent and punish this type of crime.