Man Charged in Cryptocurrency Mining Investment Fraud Scheme in Quintana Roo

Chetumal, Quintana Roo — A judge has ordered a man to stand trial on fraud charges related to a cryptocurrency mining investment scheme, the Quintana Roo State Prosecutor’s Office announced.

The ruling came after prosecutors presented evidence against Eleazar Eldad “N” for allegedly defrauding an individual whose identity remains confidential. The case was handled by the prosecutor’s specialized unit for property crimes.

Investment Scheme Details

According to the investigation, the incident occurred in January 2023 when the suspect convinced the victim to invest in a purported business project focused on acquiring computer equipment for digital currency mining.

The suspect allegedly promised a monthly return of 10 percent over a two-year period. Under these terms, the victim provided an initial capital of 400,000 pesos (approximately $20,000 USD) with the expectation of receiving regular profits.

Failure to Pay

Investigators established that the suspect made only one payment of 40,000 pesos in May 2024 as a supposed dividend, then failed to make any further payments as agreed.

After that point, the accused allegedly began giving evasive responses to avoid honoring the commitment, prompting the victim to file a formal complaint with authorities.

Legal Proceedings

Following judicial review, the judge ordered the suspect to stand trial and imposed preventive detention as a precautionary measure, which will remain in effect throughout the legal proceedings.

Authorities noted that Eleazar Eldad “N” is also named in at least 26 other investigation files for similar alleged schemes using the same operating method.