Chetumal Crypto Fraud: $30M Scam Uncovered

Chetumal, Quintana Roo — Ministerial Police officers have detained a man in the state capital, Eleazar “V”, who is accused of allegedly leading a network of financial fraud related to cryptocurrency investments, which reportedly affected dozens of people in Quintana Roo and other states in the country.

According to preliminary information, the complaints against him exceed 30 million pesos, stemming from investments that were never returned and from alleged financial schemes now under investigation for fraud and operations with resources of illicit origin.

Promises of Wealth and False Investments

According to victim testimonies, the detainee offered high and rapid returns through cryptocurrency investments, using platforms and contracts that appeared legitimate. However, after receiving the deposits, he would stop responding to investors or delay payments under various pretexts.

“He told us that our profits were being processed, that the system was under maintenance, or that the market had dropped, but he never returned the money,” stated one of the affected persons, who preferred to remain anonymous.

A Life of Appearances

Authorities reported that Eleazar “V” displayed a high standard of living, with luxury vehicles, properties, and frequent trips abroad, although initial inquiries reveal that many of these assets were not his property, but were leased through leasing contracts, possibly to project financial solvency to his victims.

Ongoing Investigation

The alleged fraudster was placed at the disposal of the State Attorney General's Office (FGE), where he faces several investigation files for financial fraud. The institution asked people who have been affected by the same schemes to file a formal complaint, in order to strengthen the judicial case file.

The FGE stated that it will continue with proceedings to trace the flow of the invested money and determine if more people are involved in the fraud network.

Alert to the Public

The case has provoked a broad reaction on social media, where users share experiences and warn about the ease with which alleged "investors" or financial advisors using cryptocurrencies as a hook operate.

State authorities reiterated the call for the population to verify the legality and registration of financial companies before investing and not to be swayed by promises of quick profits.

In Chetumal, the Eleazar “V” case has become a new example of how digital fraud can disguise itself as a business opportunity, leaving indebted families and a trail of multi-million peso losses in its wake.