Christopher Loaiza Salazar is a convicted TelexFree scammer in Peru.
Stemming from a TelexFree related criminal case opened in 2016, Salazar and “certain of his relatives” were found guilty of aggravated fraud.
On the basis those he scammed did or should have filed a claim with the Trustee, Salazar now seeks to overturn his conviction.
Salazar petitioned the TelexFree Trustee for financial records on May 24th.
The requested records pertain to three TelexFree promoters Salazar recruited;
Marcia Cecilia Cardenas Alvarez;
Maria Elena Callapina Condori; and
Jose Antonio Callapina Condori
Salazar describes his recruits as “willing” participants in TelexFree, a
$3 billion Ponzi scheme
.
In their criminal complaint, Salazar’s recruits alleged they’d been deceived by Salazar and his relatives.
The basis of this was Salazar keeping funds invested by those he recruited. This was a common practice among TelexFree scammers, as it allowed them to bypass TelexFree for a quick payday.
To fool those they recruited scammers would create accounts and transfer internal balances (that didn’t exist), to reflect amounts their recruits had invested.
As part of their investigation, Peruvian officials reached out to the DOJ for financial information on Salazar’s recruits.
This resulted in a match for Tania Rocio Delgado Monge, a fourth recruit and complainant.
As a result of the information provided by the DOJ, Monge was disqualified as a complainant in Salazar’s criminal case.
Tania’s appropriate remedy was to file a proof of claim form and receive whatever recovery to which she was entitled under the confirmed Plan.
Salazar essentially argues that his victims filing a criminal complaint against him isn’t proper. They should have instead participated in the victim claim process established by the Trustee.
Monge showing up on financial records suggests she might have.
Salazar is adamant records exist for Alvarez and the Condoris, suggesting their names might have been misspelled.
Salazar was quite surprised that Marcia, Maria, and Jose were not also eliminated from the Peruvian criminal action for the same reason as Tania.
Specifically, they should have been identified as registered participants and the funds delivered on their behalf should have been recorded in the TelexFree records and, as such, their appropriate remedy should have been to file a proof of claim form, as it was for Tania.
Salazar believes that full proper names of Marcia, Maria, and Jose were likely keyed into the spreadsheets provided with the April 6th DOJ Letter with misspellings common when translating the Spanish language to English language.
Salazar believes that additional information must exist in TelexFree’s books and records that will establish that they were registered with TelexFree, that the funds at issue were delivered to TelexFree (and not diverted by Salazar), and that each had an opportunity to file a proof of claim for as the remedy for their losses.
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🤖 Quick Answer
Who is Christopher Loaiza Salazar?Christopher Loaiza Salazar is a convicted fraudster in Peru found guilty of aggravated fraud related to the TelexFree Ponzi scheme. Convicted alongside certain relatives following a criminal case initiated in 2016, he recruited multiple promoters into the $3 billion scheme.
What is TelexFree?
TelexFree is a fraudulent scheme that defrauded investors of approximately $3 billion. Operating as a Ponzi scheme, it collapsed after authorities discovered systematic deception and misappropriation of funds from thousands of participants worldwide.
Why did Salazar petition the TelexFree Trustee?
Salazar petitioned the TelexFree Trustee on May 24th requesting financial records pertaining to three promoters he recruited: Marcia Cecilia Card
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