What is the flower of abundance scam? It is a trend again after Grupo Peak fraud

2024-05-03 14:58:14

Regarding the fraud operated by the Group Peakin networks the trend was again flower of abundance scambuthow it operates? Here we give you the details.

To understand this scheme, it is important to remember the case of fraud operated in San Pedro Garza, Nuevo León at the hands of businessmen who escaped with their investors’ money.

This investment fund known as Grupo Peak, was created by Arturo Gonzalez y Victor Hugo Sepúlvedawho are presumed to have fled with around 800 million pesos.

But to all this, What is the flower of abundance scam and how is it related to the Peak Group fraud? We give you the context of this deceptive modality that has become a trend again.

Grupo Peak Scam: company owners disappeared with millions of pesos (Especial)

What is the flower of abundance scam?

The flower of abundance scam It is a scheme that operates in a similar way to those known as pyramid schemeswhere their leaders ensure that the people within recruit more people.

This fraud is also known under the nicknames “Gratitude Cells, Solidarity Balls, Circle of Prosperity, Wheel of Friendship and Mandala.”

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In this fraud, the organizer who is the one at the flower center, They have two partners who will be the ones who invite more people to participate in the model.

The goal of the flower of abundance scam is to generate financial contributions that will be delivered to whoever is found flower centerso that the rest of the “customers” ascend a level.

Furthermore, in the event that any of the participants they can’t give the cash required to sustain the flower of abundance, the people who are leading the scam may grant them a loan in exchange for this amount being returned to double.

Group Peak (Screenshot)

Did the Grupo Peak fraud employ the flower of abundance scam?

Economist Arturo Leal specified that the Grupo Peak scam operated under the flower of abundance fraud, according to the Vanguardia media.

Here, the financial analyst compared the New Leon scheme with a “sign”, Well, the owners of the company they attracted their investors with promises of high performancealthough Only the leaders made real profits.

And through this scam, the Peak Group promised its clients a 20% annual returnwhich was extremely attractive for people who entered this operation.

In addition, Arturo Leal explained that the Grupo Peak fraud sought to get its clients to enter the scam through acquaintances or friendsin addition to the fact that they never extended any type of voucher.

“They invited them, they held extraordinary meetings, They were invited to the Super Bowlthis, the other, at the end of the day the best marketing you have is the returns you give to investors,” indicated the testimony of Arturo Leal, published in Vanguardia.

Did the Grupo Peak fraud employ the flower of abundance scam? (Cuartoscuro / Crisanta Espinosa Aguilar)

Recommendations to avoid falling into the flower of abundance scam

For its part, the National Commission for the Protection and Defense of Users of Financial Services (Condusef) issued a series of recommendations to prevent people from being victims of fraud such as flower of abundance scam.

These are the Condusef’s advice:

• Verify that the banking institution is duly authorized and regulated by the authorities, in addition to having deposit insurance, whether it is a bank, savings bank or a Popular Financial Society (Sofipo)
• Be wary of those schemes that promise returns well above what is offered in the market
• Compare and choose the financial institution that offers the product with the highest interest rate and charges the least commissions
• Ensure that the institution has a branch close to your home or work to avoid complications
• Keep in mind that it is not safe to save in batches, under the mattress or in the so-called pyramids

2024-05-03 14:58:14