TechFlow News, February 3: According to Dlnews, Venezuelan police have arrested Rosa María González, one of the main suspects behind the Generación Zoe cryptocurrency Ponzi scheme, which caused losses of at least $120 million to tens of thousands of investors.
According to reports, after Generación Zoe collapsed in mid-2022, González fled to Venezuela with 611 bitcoins—valued at approximately $56 million. The scheme promised investors returns of up to 7.5%, claiming to employ market-prediction robots and its own gold-backed cryptocurrency assets.
Investigations revealed that González had claimed her proprietary trading algorithm was “quantum-secure” and capable of generating returns of up to 70% per month. While in Venezuela, she allegedly planned a new fraudulent project promising investors a 5% monthly return.
