Arrests made in Colombian Ponzi scheme
Arrests made in Colombian Ponzi scheme
Published: Jan. 17, 2009 at 8:22 PM
BOGOTA, Jan. 17 (UPI) -- The mother and business partner of accused Colombian financial pyramid scam mastermind David Murcia Guzman were arrested Saturday, police said.
Amparo Guzman de Murcia, also a partner of the DMG financial group, and William Suarez apparently had been hiding out near Palestina in the western province of Caldas after an arrest warrant was issued last November by the attorney general's office, the Latin American Herald Tribune reported.
Uruguayan authorities this week arrested Joanne Ivette Leon Bermudez, wife and partner of the DMG founder, in Montevideo. She faces extradition to Colombia.
The financial organization allegedly illegally took in nearly $2.14 billion in the past two years by offering clients prepaid cards to buy goods and services before receiving returns on their investments.
Six people have been arrested in connection with the alleged scheme on charges of raising money illegally and money laundering.
Guzman was arrested in November in Panama and extradited to Colombia.
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