The National Institute for the Protection of Consumer Rights (Pro Consumer), reported Wednesday to monitor the operations of the Mexican company Billions Trade Clublinked to alleged scams by cryptocurrencies.
The executive director of the entity, Eddy Alcántara, spoke exclusively with the newspaper Hoy Digital, which approximately two months ago the institution follows the company.
“Pro consumer remains vigilant with that issue since we learned of the information, when it transpired outside the territory of the Dominican Republic, and the Inspection Department, our has been monitoring facilities that they have done in the east of the country,” he said .
He said that so far Pro Consumer has not registered complaints of fraud or deception with the company’s name.
You can read: From Ponzi to Madoff and the fraud saga
“We as soon as we have the first data of the uprising that we started 60 days ago, is that we are going to alert the corresponding authorities,” he added.
“Scam” Billions Trade Club
He Billions Trade Club It is an investment platform that promised high yields through cryptocurrencies and blockchain technology.
However, in July 2024, the scheme collapsed, leaving more than 50,000 people in ruin as it transpired in courts of some Latin American countries.
The founders, including Jorge Enrique Rodríguez Frausto, have been accused of operating a Ponzi scheme and capturing money without adequate authorization.
