Alejandro Fernández said that the business offered by Wilkin García Peguero in Sabana Grande de Boyá is a pyramid scheme.
he ssuperintendent of banks, Alejandro Fernández, warned this Wednesday that the business model that shows Wilkin Garcia Pegueroaliases “Butter”, in Savanna Grande de Boyá, Monte Plata province, corresponds to a pyramid scam.
Despite the fact that the entity has not identified transactions through banks on the part of the nicknamed Butter or the company 3.14 investments, Fernández warned that they have determined that the man and his partners have handled “Tens of millions of pesos” of the funds. delivered by citizens who trust in the return of «Your investment».
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Interviewed on the program El Día, which is broadcast on Telesistema, channel 11, Alejandro Fernández said “There is no magic here, there is no algorithm, there is no Warren Buffett, basically with the money that is coming from other people, paying those who arrived…first».
“With the stupidest who came after you, if those people keep coming, there will be resources with which to pay you,” he added.
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The official explained that the offers made by “Mantequilla” promise 40% weekly earnings and 480% annually, when the bank does not guarantee more than 12% annually, while recalling the situation that occurred in the country with the Telexfree company.
He also expressed his concern that the scam is still alive thanks to the large number of remittances received by the town of Sabana Grande de Boyá, which is a relatively small town, or that this modality spreads to other towns.
It is recalled that Butter came to light due to a video that went viral on social networks where he is seen throwing an undetermined amount of money from the second floor of a house where his company is installed.
