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FINRA Fraudster Padilla Plead Guilty in SDNY While OneCoin Exhibits Still Withheld

By Matthew Russell Lee, Patreon
Honduras - The Source - The Root - etc

SDNY COURTHOUSE, Jan 9 – While the guilty plea of  was announced by the SDNY US Attorney's Office, that Office has still not provided its exhibits on OneCoin, regarding which promotions continue around the world.

 From the January 9 announcement of the guilty plea of "JORGE PADILLA pled guilty today to defrauding victims of more than $900,000 by soliciting investments in a sham financial firm based on misrepresentations and fraudulent documents.  PADILLA pled guilty before U.S. District Judge J. Paul Oetken.                    According to the allegations contained in the Complaint and Information against PADILLA and other documents filed in federal court:              From at least in or about September 2014 through in or about April 2017, JORGE PADILLA orchestrated a scheme to solicit investments in a sham family investment office, Dunatos Capital.  PADILLA, a financial professional registered with the Financial Industry Regulatory Authority (“FINRA”), worked throughout the period at issue for large financial institutions.  Nevertheless, PADILLA, targeting Argentina-based victim-investors who had been clients of one such institution, claimed he had gone to work for Dunatos Capital, purportedly a family office managing tens of millions of dollars in investments.  In order to solicit investments in this sham firm, PADILLA made false representations, including claiming, for example, that Dunatos had tens of millions of dollars under management, was regulated by U.S. financial regulators, and operated out of non-existent Manhattan-based offices.  After victims transferred funds pursuant to PADILLA’s directions, PADILLA prepared and sent fraudulent statements about how the funds were invested.  PADILLA solicited more than $900,000 in purported investments in the sham firm." Inner City Press is still concerned with the OneCoin exhibits, for which it has had to file a FOIA request, still not fulfilled.


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