JUDGMENT AGAINST THE ‘CRIPTOSECT’ that captured minors with the promise to make them rich in the stock market | Spain
The hook, normally released on social networks, was to get rich soon. The objective: unsuccessful young people. The method: some courses on the Internet in which students would supposedly achieve very advanced knowledge of purchase and sale of financial assets and authentic Russian roulette in the stock exchange but that, for the most part, led investors to lose their money. The judge has opened a trial against a plot that, under the parapet of a training academy, It was headed with « psychological coercion » especially to young people, even minors, who lacked knowledge and were not familiar with the world of investments. As detailed by the car, « they lost much of the money invested » and even « on some occasions, they left their studies to devote themselves to the collection of new clients of the company. »
The head of the Court of Instruction number 41 of Madrid, Juan Carlos Peinado, has opened proceedings against eight members of the plot, six men and two women, after receiving several complaints in the UDEF against the IMARKETSL and IM Masterary Academy entities for alleged crimes of fraud, against the right of workers, against the public hacienda, psychological coercion The confidential And this newspaper has confirmed.
The car, dated March 18 and to which the country has had access, details that the now defendants governed an academy that was dedicated to the technical analysis of the assessment of financial products and offered courses On Line About him trading (The purchase and sale of financial assets) and on cryptocurrencies, but despite « lacking authorization to provide investment services in Spain. » To access the training they demanded an initial fee of 250 euros and a monthly 150, all to supposedly obtain “a great benefit in a brief period of time”. But what were later the subscribers of the service was a « scarce and low quality » training, which focused on the « Network Marketing”, That is, how to capture other people to make them subscribers of the training.
To get the network to extend the more adherents, the car describes that the drivers of the idea exercised « Social pressures » about students And they polished them to get new subscribers with the promise that, the greater the number of new captured, greater economic benefit would obtain, in addition to being able to ascend within the structure. Part of that benefit, however, consisted of many times in the mere forgiveness of monthly fees. So, If each student captured two people, the training was free. From three, he began to earn money and climb the organization of the organization: with those three clients it was considered “Platinum 150 ″ (150 dollars were entered); with 12,“ Platinum 600 ″ (600 were entered) and so on until reaching the summit, that of Chairmanwith 30,000 subscribers. It is a « Pyramidal Sale Practice », according to the complaint that several families presented in their day to the National Police.
In addition, the judge considers that there are indications to deduce that the training offered by Im Master Academy offered recommendations on a type of stock market operation that is vetoed for retailers in the European Union, by the European Authority of Securities and Markets, and specifically also in Spain, by the National Securities Market Commission. These are binary options, products that allow investing in foreign exchange, raw materials and indices, if they believe they will rise or lower in a certain period of time, generally very short, and in which most investors end up losing the money invested. In addition to this kind of stock market, the plot offered daily recommendations for investment and financial operations, but not only did they notice the risk, but also ensured « the reliability of investment. » These tips, called « signals », were actually investment orders in certain products that the dome launched to the intermediate paintings and these, in turn, transmitted to the victims.
After capturing thousands of young people since 2019 – only the ringleader, at 2,500 -, a complaint by the Association of Sectary Prevention and the abuse of weakness (Redune) raised the hare. The entity warned of the allegedly irregular activities of Im Masterly Academy, initiated in Barcelona, but extended throughout Spain. The first complaint received by Redune departed from a school in Granada in November 2020. He assured that several students had suddenly left to go to class after contacting this false academy.
The investigation in charge of the UDEF, as of March 2021, resulted in a year later with eight arrests in the frame sectarian organizations« Against young people of even 15 years, the investigators said. The police stressed then that the alleged leader of the plot In good part of the cases parents Of those affected, many of them unconscious that they had been victims of a hoax.
