2024-07-26 06:23:09
Cristóbal Romero promoted Social Money in January 2022, explaining that “it is an investment fund. Term deposit, mutual fund, whatever you want to call it in the terms that you understand it.”
The well-known influencer Cristóbal Romerowho gained notoriety after being part of the series Pearl, as real as youfrom Channel 13, faces a series of fraud accusations against him, through a platform called Social Money.
According to a report by T13, there are more than 40 people affected by this scam, who have filed a complaint against Cristóbal Romero and are awaiting its next formalization by the Metropolitan East Prosecutor’s Office.
One of the complainants is Fabián Cornejo, who reported that “I invested around $3,500,000. I won just once on an investment and the rest were just losses, and I lost everything.”
Cristóbal Romero promoted Social Money in January 2022, explaining that “it is an investment fund. Term deposit, mutual fund, whatever you want to call it in the terms that you understand it. Basically, you put in money, we work with that money weekly, every Friday we pay you whatever you earn, and every month we give you an estimated return of between 1 and 5%.”
Attorney Miguel Fuenzalida, the victims’ lawyer, explained that “the defendant, through a company called Social Money, invited people to invest in investment instruments that, according to the platform, had a guaranteed profit margin of 5% and a risk of loss of less than 0.5%.”
But unfortunately for Social Money users, The risk of loss went from 0.5% to 99.9%, and just nine months after its launch, the total loss of capital was reported, which rose to 120 million pesos.