A local leader of the GIG-OS Ponzi scheme has been arrested in Argentina.

Only identified as “FMV”, the scammer was arrested during a series of raids last Thursday.

As
reported by Rosario3
on December 7th;

The detainee is expected to be taken to an indictment hearing by the economic crimes prosecutor Mariano Ríos Artacho.

GIG-OS
 is the third reboot of
EmGoldex
, a gold themed Ponzi scheme believed to be run by Russian scammers.

Following
Global Intergold
, the second collapsed reboot of EmGoldex, GIG-OS saw the Ponzi transition to cryptocurrency.

Heading up GIG-OS is Dmitry Aksyonov.

Other than him being Russian, nothing is known about Aksyonov. While GIG-OS is likely run by Russians, Aksyonov himself is a prime Boris CEO candidate.

The arrest of an Argentinian GIG-OS promoter coincides with the resurrection of the Ponzi scheme across South America.

Global Intergold , a company that promised extraordinary profits and, according to the complainants, postponed the rendering of payments to investors, unleashing a flood of complaints since at least March 2022.

SimilarWeb tracked ~74,000 visits to GIG-OS’ website in November 2023, down from ~160,000 in September.

Top sources of GIG-OS website traffic are Argentina (51%, down 30% month on month), Brazil (21%), Venezuela (6%), Uruguay (5%) and the Netherlands (5%).

The Central Bank of Uruguay issued
GIG-OS and Global InterGold securities fraud warnings
earlier this year in February.

Other related regulatory action, dating back to Emgoldex, includes:

Massachusetts
initiating a civil fraud investigation into Emgoldex
in 2014

the Philippine SEC issuing an
EmGoldex securities fraud warning
in 2015

the Bank of Malaysia
adding EmGoldex to its investment blacklist
in 2015

Dubai issuing an
Emgoldex shell company fraud warning
in 2015 (this was before Dubai positioned itself as the
MLM crime capital of the world
)

criminal charges
filed against Philippine Global Intergold leaders in 2015

an
EmGoldex fraud warning
issued by the Central Bank of Curacao in 2016

a
Global InterGold fraud warning
issued by Peru in 2016

the
arrest of former EmGoldex promoter Joseph Tran
in Sweden in 2019

a
GIG-OS pyramid fraud warning
issued by the Central Bank of Russia in 2021 and

Italy
banning GIG-OS and Global Success Management
in 2022

🤖 Quick Answer

What is GIG-OS and its connection to previous Ponzi schemes?
GIG-OS represents the third iteration of EmGoldex, a gold-themed Ponzi scheme allegedly operated by Russian fraudsters. Following Global Intergold's collapse, GIG-OS evolved the scheme into cryptocurrency operations, currently headed by Dmitry Aksyonov, a Russian national whose background remains largely undisclosed to authorities.

Who was arrested in the GIG-OS Argentina operation?
An individual identified only as "FMV" was apprehended during raids conducted on December 7th in Argentina. This local GIG-OS promoter was detained and subsequently referred to economic crimes prosecutor Mariano Ríos Artacho for an indictment hearing regarding involvement in the Ponzi scheme.

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