Six arrested in Mexico City for massive fraud scheme promising up to 90% returns

Six people have been arrested by investigative police in Mexico City in connection with a significant fraud case involving Strategic Capital Agency, commercially known as Inverforx. The Attorney General's Office of Mexico City (FGJ) reported that the company operated a Ponzi or pyramid scheme, attracting continuous funds with promises of exceptionally high returns.

According to the investigation, Strategic Capital Agency defrauded 410 victims, causing an estimated financial loss of 700 million pesos. The accused presented themselves as financial advisors, luring victims with promises of returns ranging from 10% to as high as 90% of their investment within a year. Initially, some investors received payouts to build trust, encouraging them to deposit more money.

However, when investment terms expired, investors were reportedly told their funds could not be returned due to supposed audits by tax authorities and frozen company accounts. Neither the principal investments nor the promised returns were recovered. The FGJ gathered evidence including victim interviews, emails, contracts, promissory notes, and screenshots from the company's platform, which were analyzed by cybersecurity and accounting specialists.

Arrest warrants were issued and executed on August 3 and 4 in the Iztacalco, Gustavo A. Madero, Azcapotzalco, and Miguel Hidalgo boroughs of Mexico City, as well as in Cuautitlán Izcalli, State of Mexico. The five female suspects were taken to the Santa Martha Acatitla Women's Penitentiary Center, and the male suspect was placed in the Oriente Men's Penitentiary Center, awaiting judicial proceedings.