| 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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