As its legal advisor, Hector Luis Yrimia was an integral part of Leonardo Cositorto’s
Generation Zoe
Ponzi scheme.
Hector Luis Yrimia
fled to Dubai
as Generation Zoe began collapsing in late 2022.
After Argentinian authorities issued an international arrest warrant, raided his properties and seized assets, Yrimia
turned himself in to Interpol’s Dubai branch
.
Argentinian authorities are reported to have put in three extradition requests for Yrmia with Dubai’s authorities.
To date they haven’t received an answer to any of the requests.
Despite being wanted by Interpol, Yrimia meanwhile managed to secure Dubai residency.
Trouble is, living in Dubai isn’t cheap. And what Yrimia squirreled away from Generation Zoe isn’t going to last forever.
This brings us to the Futswap.
Futswap is a failed crypto exchange that launched in early 2022. Today the South American team running the scheme have relocated to Dubai.
Outside of its failed exchange business Futswap runs an “earn interest” Ponzi, built around their recently launched FTSWP token.
Naturally, other than stating the scam isn’t available to US residents, no details about Futswap’s Ponzi are provided on their website.
Investor interest just isn’t there, as evidenced by SimilarWeb tracking negligible traffic to Futswap’s website.
As
documented by Clarin
, Futswap’s origins begin within Generation Zoe, circa 2019.
Yrimia’s link with Futswap is not new and comes from the time of Generation Zoe.
Already in 2019 they were talking about doing something together. In a video from November 2021, he is seen telling that Zoe has “a fintech registered in Sweden”, which allowed Leonardo Cositorto’s company to receive money from any country.
“That company is called Futswap by Zoe,” continues Yrimia.
According to Yrimia, the new partner company would allow bank accounts to be opened in London with debit cards included, in which one could freely exchange between crypto or currencies such as the dollar, the pound and the euro.
Futswap as a standalone Ponzi scheme is what Yrimia is believed to now head up from Dubai.
Clarin reports as part of efforts to get Futswap’s new Ponzi off the ground, Yrimia featured in a January 20th marketing video.
The video, shot in Dubai and uploaded to Futswap’s Spanish Instagram account, has since been deleted.
When Clarin reached out to Futswap to confirm Yrimia’s involvement, they denied he was part of the company.
Working with Yrimia are Colombian nationals Juan Guillermo Osorio Castro (aka Juan O., CEO of Futswap) and Arnold David Sierra Zambrano (aka Arnold Sierra, COO of Futswap).
Juan Castro (right) has an online gaming background. He is tied to Cositorto through Ballena Azul, a UK shell company.
Castro is believed to have fled to Dubai after attracting the attention of Colombia’s SFC financial regulator in 2020.
Before getting involved in financial fraud, Arnold Sierra worked as a psychologist and artist.
Futswap does have a referral program but
🤖 Quick Answer
Who is Hector Luis Yrimia and what is his connection to Generation Zoe?Hector Luis Yrimia served as legal advisor to Leonardo Cositorto in the Generation Zoe Ponzi scheme. When the scheme collapsed in late 2022, Yrimia fled to Dubai. After Argentinian authorities issued an international arrest warrant and seized his assets, he turned himself in to Interpol's Dubai branch.
What is the current status of Hector Yrimia's extradition case?
Argentinian authorities submitted three extradition requests to Dubai's authorities for Yrimia's return. However, no responses have been received to any of the requests. Despite being wanted by Interpol, Yrimia obtained Dubai residency and continues to reside there while awaiting resolution.
**How does Hector Yrimia's financial situation relate to
🔗 Related Articles
- OneCoin to hold Global Mastermind event in Bali, dupes Indo govt
- Kristine Johnson sentenced to 21 months & $302,297 restitution
- Mirror Trading International an illegal company in Canada
- USFIA Ponzi fraud balloons out to $164 million
- OmegaPro securities fraud warning from Nicaragua