Six face trial for Strategic Capital Agency fraud; 410 victims, 700 million pesos affected

Six people have been ordered to stand trial for their alleged involvement in a widespread fraud scheme operated by Strategic Capital Agency, also known as Inverforx. The Mexico City Attorney General's Office reported that the individuals are accused of generic fraud, stemming from what is believed to be a Ponzi or pyramid scheme.

Frida "N," Vianey "N," Diana "N," Valeria "N," Jessica "N," and Luis "N" have been placed in pre-trial detention. A judicial authority has set varying timelines for the completion of the complementary investigation: three months for Frida "N" and Vianey "N," two months for Valeria "N" and Jessica "N," and one month for Diana "N" and Luis "N."

According to the investigation, the accused acted as financial advisors, directly contacting victims and promising returns ranging from 10% to 90% on their investments. The prosecution presented victim testimonies, various documents, screenshots from the investment platform, and cyber and accounting analyses as evidence. Investigators are working to reconstruct the scheme's operations and determine each defendant's role.

So far, the investigation into Strategic Capital Agency encompasses 396 cases and has identified 410 victims. The total financial impact is estimated at approximately 700 million pesos (around $39 million USD).