Leonardo Cositorto, founding father of the collapsed Era Zoe Ponzi scheme, is presently being held in an Argentinian jail on fraud prices.
Doubling down on fraud, Cositorto has now launched All Us Training.
All Us Training payments itself as an “academy”.
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Not surprisingly, All Us Training is made up of former Era Zoe traders.
The enterprise mannequin is straightforward. Join, pay $6, recruit 5 individuals… revenue.
In different phrases, All Us Training is a pyramid scheme.
In a latest interview given from jail, Cositorto (proper) maintains that neither Era Zoe or All Us Training have been/are pyramid schemes.
A pyramid is when, one: there is no such thing as a product; two: you earn cash everytime you invite different individuals to take part.
Third: the invitee can by no means earn greater than the one who invited. However primarily there is no such thing as a product.
And Zoe did have a product, which was an academic product.
Placing apart Era Zoe was firstly a Ponzi scheme (all MLM Ponzi schemes have a pyramid part), including a product to a Ponzi and/or pyramid scheme doesn’t legitimize fraud.
A enterprise mannequin defines fraud, no matter whether or not merchandise are connected. The “however we have now a product!” ruse hasn’t been a factor for over 20 years.
All Us Training has no retail clients. You enroll as an affiliate, recruit new associates and receives a commission to take action. Once more, no matter what that’s connected to (some baloney training platform on this case), All Us Training is utilizing a pyramid scheme enterprise mannequin.
Oh they usually’re in all probability promoting your private information too;
What private information can we gather?
Our academy collects and shops your private and identification information (corresponding to title, surname, residence handle, e-mail handle, programs of curiosity, citizenship, gender, place and date of start, phone quantity) by means of our channels.
As of early October, $6500 had been misplaced by means of All Us Training. Past double scamming Era Zoe victims, it doesn’t look prone to take off.
One other cash spinner for Costitorto is promoting the narrative rights to Era Zoe, which brings with it its personal set of issues (accuracy being the first concern).
Behind the work there are two worldwide manufacturing firms. Considered one of them, Vice TV, is predicated in London.
The opposite, they are saying from their environment, is an American firm. PROFILE CÓRDOBA confirmed, by means of the provincial authorities, that Cositorto was contacted by Vice TV.
As he was in a position to reconstruct this medium, it was in April of this 12 months. From there, the negotiation progressed. In the midst of the 12 months the contract was signed and, later, it was filmed.
There are scenes within the Bouwer jail, the place the interviews with Cositorto came about.
The settlement is a part of a confidentiality settlement, they identified from the surroundings of the chief of Era Zoe.
Manufacturing is within the last stage.
As at October thirtieth, there are purportedly two events overlaying the Era Zoe Ponzi saga.
Cositorto, who had been held in custody since his extradition to Argentina again in April, was denied bail for a 3rd time again in July.
The legal case in opposition to Cositorto continues however there haven’t been any important updates for the reason that July bail denial.
