Trust Investing Director Ruslan Concepcion has been
arrested
by Cuban authorities.

Concepcion was apprehended on April 22nd, attempting to board a plane bound for Russia.

Cuban authorities became suspicious upon discovering Concepcion was travelling with a large amount of undeclared cash.

Concepcion (right) told border authorities he’d earned the money through Trust Investing.

A preliminary look into Trust Investing raised further suspicions that Concepcion’s funds were obtained illegally.

This resulted in his detention at Havana airport for three days, after which he was arrested.

According to one of Concepcion’s brothers
, who resides in the US;

Ruslan faces an accusation for illicit economic activity, and that if he were sanctioned for this crime, he would face a prison sentence of 3 months to 1 year or a fine of 100 to 300 installments, in addition to the accessory sanction of confiscation of assets.

BehindMLM
reviewed Trust Investing
in July 2020. Based on its business model, we concluded Trust Investing was a Ponzi scheme.

Trust Investing is run by Diego Chaves (right), who on information and belief resides in Spain.

The CMNV issued a
securities fraud warning against Trust Investing
in June 2020.

To date however Spanish authorities haven’t taken any action against Chaves personally.

Alexa currently estimates Cuba makes up 44% of traffic to Trust Investing’s website.

🤖 Quick Answer

Who is Ruslan Concepcion and why was he arrested in Cuba?
Ruslan Concepcion, director of Trust Investing, was arrested by Cuban authorities on April 22nd at Havana airport while attempting to board a flight to Russia. He was detained after officials discovered he was carrying a large amount of undeclared cash and suspected illegal financial activity linked to his investment company.

What charges does Concepcion face?
Concepcion faces accusations of illicit economic activity. According to his brother, if sanctioned for this crime, he could receive a prison sentence. Cuban authorities grew suspicious after preliminary investigations into Trust Investing suggested his funds were obtained illegally.

What triggered the arrest at Havana airport?
Border authorities became suspicious when Concepcion attempted to travel with substantial undeclared cash. Upon questioning, he claimed the money came from Trust Investing activities. Further investigation raised concerns

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