Christopher Loaiza Salazar is a TelexFree fraudster who has been convicted in Peru.
Salazar and “some of his family” were found guilty of aggravated fraud in a TelexFree-related criminal proceeding that began in 2016.
Salazar now seeks to have his conviction overturned because individuals he defrauded have or should have filed a claim with the Trustee.
On May 24th, Salazar filed a request for financial data with the TelexFree Trustee.
Salazar hired three TelexFree promoters: Marcia Cecilia Cardenas Alvarez, Maria Elena Callapina Condori, and Jose Antonio Callapina. Condori
Salazar refers to his recruits as “voluntary” participants in the $3 billion Ponzi scam TelexFree.
Salazar’s recruits claimed in their criminal case that Salazar and his relatives had tricked them.
Salazar was able to do this because he was able to maintain cash invested by the people he recruited. This was a frequent tactic among TelexFree fraudsters since it allowed them to get a rapid payment without having to go via TelexFree.
Scammers would construct accounts and move internal balances (that didn’t exist) to represent amounts their recruiters had invested to deceive individuals they recruited.
Peruvian officials sought financial information on Salazar’s recruits from the DOJ as part of their probe.
Tania Rocio Delgado Monge, a fourth recruit and complaint, was matched as a consequence.
Monge was excluded as a complainant in Salazar’s criminal prosecution as a consequence of the DOJ’s information.
Tania’s best option was to file a proof of claim form and collect any compensation she was due under the confirmed Plan.
Salazar claims that his victims have no right to file a criminal case against him. Instead, they should have gone via the Trustee’s victim claim process.
Monge’s appearance on financial records shows she did.
Salazar insists that documents exist for Alvarez and the Condoris, implying that their names were misspelled.
Salazar was shocked that Marcia, Maria, and Jose were not also expelled from Peruvian judicial proceedings for the same reason that Tania was.
They should have been identified as registered participants, the cash supplied on their behalf should have been documented in the TelexFree records, and their proper remedy, as it was for Tania, should have been to file a proof of claim form.
Salazar thinks that the complete names of Marcia, Maria, and Jose were likely entered into the spreadsheets given with the DOJ Letter on April 6th, with misspellings that are frequent when translating Spanish to English.
Salazar believes that additional information must exist in TelexFree’s books and records to prove that they were registered with TelexFree, that the funds in question were delivered to TelexFree (and not diverted by Salazar), and that each had the opportunity to file a proof of compensation claim.
Salazar thinks that if Avarez and the Condoris material can be located, he will be able to pursue the appeal of his Peruvian conviction, for which he is currently facing severe prison time.
Salazar’s move has received no opposition from the Trustee, the Department of Justice, or the Securities and Exchange Commission. The petition motion is still awaiting a determination.
TelexFree was stopped from functioning in Peru by the Superintendency of Banking and Insurance in 2013. This includes spreading the word about the Ponzi scam.