They released Ruslan Concepción, director in Cuba of the fund manager with bitcoin (BTC) and cryptocurrencies Trust Investing. This occurs four months after being detained for alleged illicit economic activity.
In addition to Concepción, other members of the the company, as shown in a video posted on the Trust Investing International YouTube channel earlier this month. Other materials, published through the social network Facebook, support the information.
Local media indicated that despite having been detained since the end of last April, Concepción He was not prosecuted for the accusation of carrying out illegal economic activities. And its release coincides with the recent legalization of BTC for payments on the island, a measure that was published in the Official Gazette at the end of August and came into effect this past September 15.
Likewise, It is unknown what happened to the properties and money that, it is presumed, Concepción would have obtained illegally. There are those who suggest that it is the money of investors of the Trust Investing platform, designated as a Ponzi scheme around the world.
The company presents itself as a «digital currency manager based in Estonia ”and with a presence in“ more than 50 countries ”. According to its website, Trust Investing has a team in charge of “monitoring the cryptocurrency market that works together with experienced operators in the financial market.”
This platform, with well-known representatives in Spanish-speaking countries such as Mexico, Spain or Panama, has been identified by research firms as a fraudulent pyramid scheme. Tulip Research says about it: “Trust Investing works like a Ponzi scheme, it does not have a real product and pays its investors with their incoming money.” That is, without new customers there is no new money.
In addition, both in Spain and Panama, statements have been issued clarifying that this company does not have the endorsement of the authorities to offer investments in these countries.
“You are not going to leave Cuba until we Cubans are paid”
As reported by CriptoNoticias last April, Ruslan Concepción was arrested while trying to leave Cuba for Russia. And this fact did not go unnoticed among Trust Investing investors, who considered it an attempt to escape with their money.
Through social networks, clients of the platform who hope to get their funds from Trust Investing have demonstrated against Concepción after his release. According to the local newspaper Periódico Cubano, they have called him a scammer and threatened him in Facebook groups such as CriptoCuba.
“You are not going to leave Cuba until we Cubans are paid,” you can read in a screenshot. The user, Luis Laza, said he had pending withdrawals from the platform since May of this year and warned that traveling to Las Tunas (the Cuban town where Concepción resides) “is easy.” After a proper search of this medium, we have not said publication. The local newspaper itself assures that it was eliminated.
Although Concepción is known as the leader of the company on the island, there are defenders of Trust Investing who assure that it is just another investor . They also assure that if so much noise continues to rise “they will remove Cuba from the Trust Investing network,” said the Cuban media.
