Spain has issued a securities fraud notice to Zoe Broker.
The fraud warning is notable in that the Spanish authority refers to the firm as Generation Zoe.
Universidad del Trading S.A., Generacion Zoe S.A., and Kurzena Limited are some of the other companies linked to Zoe Broker.
None of these businesses are “authorized to provide investment services” in Spain, according to the CNMV’s March 21st warning.
In other countries, this is the equivalent of a securities fraud warning.
The website domain “zoebroker.com” is used by Zoe Broker. Kurzena Limited registered the domain on March 3rd, 2021.
Kurzena Limited looks to be a Saint Vincent and Grenadines-based shell corporation.
There appears to be a purposeful attempt not to identify Zoe Broker with Generation Zoe, except for the name “Zoe.” On Zoe Broker’s website, there is no mention of Generation Zoe.
However, a closer look at Zoe Broker’s social media pages reveals the connection.
Generation Zoe employed the cryptocurrency Zoe Cash in their smart-contract Ponzi scam.
The use of Zoe Broker appears to be part of a larger scheme to launder bitcoin stolen by Generation Zoe.
In Haedo, Leonardo Cositorto and his partner “Max” Batista… established an evangelical church, a trust, and a series of seven businesses, including Zoe Burger.
Their purpose is to take cash and cryptocurrency in exchange for the promise of miraculous income.
Many of such businesses were only shells. “I didn’t even have a bank account,” says Zoe Burger, who has a business in Olivos.
Argentina’s federal authorities are looking into Generation Zoe’s money laundering, to charge founder Leonardo Cositorto with more offenses.
The CNMV’s warning comes after Generation Zoe officials were arrested in Spain earlier this month
The creator of Generation Zoe, Leonardo Cositorto, is sought in Argentina. Despite an international arrest order issued by Interpol, Cositorto is still on the loose in Colombia.