Peruvian Businessman Accused of US$3 Million Fraud, Reportedly Fled to Spain

A shocking case of alleged financial fraud has come to light in Peru, involving Ricardo Washington López Aguilar, the 31-year-old founder of Washington Capital S.A.C. This businessman, who was even recognized by the Congress of the Republic for his trajectory in the economic sector, is now accused of orchestrating a scheme that may have defrauded families of up to US$3 million. The alleged scam promised lucrative annual returns of up to 14% through supposed international investments and financial bonds.

The modus operandi involved presenting clients with certificates and promissory notes that appeared to be backed by prestigious international entities such as The Bank of New York Mellon and American International Group (AIG). However, when investors attempted to withdraw their funds in 2024, they encountered significant delays and difficulties. Subsequent audits commissioned by the victims revealed that the documents were fraudulent, with AIG and The Bank of New York Mellon officially denying any association with López Aguilar's company or the provided documentation.

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The certificates presented errors, adulterated signatures, and outdated data.

Adding to the gravity of the situation, the Peruvian judiciary issued a five-month pre-trial detention order against López Aguilar. However, reports indicate that the businessman has already fled the country and is believed to be in Spain. This case highlights the vulnerability of investors to sophisticated fraud schemes and the challenges faced by authorities in pursuing justice when perpetrators abscond internationally. The involvement of the U.S. Securities and Exchange Commission (SEC), which noted that none of the involved companies were registered with them, further underscores the international dimension of this alleged fraud.

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The promissory notes had no relation whatsoever with the entity and denied commercial ties with MFX Prime S.A.C.