The regional director in Cuba of Trust Investing, Ruslan Concepción, was released this Friday along with other collaborators of the company, according to members of the group posted on social media.
“Until justice was finally done and there is joy again in these families. In the midst of so many storms today there is good news for the Trust Investing Network and Affiliates in Cuba and the World. The joy is shared and there is no shortage of posts on Facebook and WhatsApp groups announcing the release of leaders, friends, colleagues, “Mario Alberto Céspedes Pérez shared on his networks.
Since Concepción’s arrest, It was suspected that the digital currency manager Trust Investing was the target of the Cuban authorities who investigated the entire fabric of the company and made arrests and seizures of some of its regional leaders.
Considered by many experts as an economic scam based on the “Ponzi scheme,” or pyramid scam, Trust Investing has a network of Cuban investors and managers who remain faithful to the philosophy of the “company” and who defend the legality and transparency of its activities, as well as the integrity of its leaders.
“Congratulations to them and to their whole family. The light was shed and I think good triumphed over evil. I hope so. Ruslan Concepción, Fraikel Parra Rodríguez, Yandy Miranda Vázquez, Ramiro Mejías Rodríguez, Javier Reyes Lima, and other colleagues. Excellent news! “, added Céspedes Pérez in his Facebook post.
Arrested in late April at Havana airport as he was preparing to travel to Russia with his family, Concepción was allegedly accused of illegal economic activity. After four months of investigation, the director and main promoter of the company Trust Investing in Cuba has been released.
Just a week after the Cuban government announced that, starting in September, will begin to regulate the use of digital currency and grant licenses to service providers that operate with the same, Concepción and other associates were released.
In mid-May, the Cuban authorities arrested several leaders of the company Trust Investing in the province of Las Tunas some of their property was confiscated from them. In those days, the arrests of Ramiro Mejías, Fraikel Parra and Javier Reis were reported.
According to Alejandro Hernández, these people are being investigated “under the criminal figures of illicit economic activities and / or money laundering.” Similarly, he has claimed that his properties were being confiscated, an end on which there is no official confirmation.
A month after these arrests in Las Tunas, the Cuban regime arrested Yandy Miranda Vázquez, who presumably acted like regional leader of the controversial company in Morón, And that he would also have been released by the authorities.
“Welcome home leaders, friends, brothers, what good news! Winter is over,” user Ober Gomez posted on Facebook on Saturday, sharing photos and videos with the release of those involved in the investigation.
Resolution 215, published on Thursday 26 August in La Gaceta oficial, will regulate from 15 September “the use of certain virtual assets -digital asset, cryptoactive, digital currency, cryptocurrency, virtual currency and digital currency- in commercial transactions, as well as licensing “providers” of these services.
With the resolution in force, Cubans will be able to buy and sell in these assets as long as the bank authorizes their use “for reasons of socioeconomic interest” in “operations related to financial activity, foreign exchange and collections or payments” in the Cuban territory or from it, specified the information.
The resolution clarifies, however, that “financial institutions and other legal entities may only use virtual assets among themselves and with natural persons, to carry out money-trading operations, and exchange and collection,” when so authorized by the entity.
Article 6 also states that licenses will be granted to operate these assets: “The Central Bank of Cuba, in considering the license application, assesses the legality, convenience and timeliness of the initiative, the characteristics of the project, market conditions, background, responsibility of the applicants and their experience in the financial activity “, he details.
Trust Investing is a Panama-registered company that claims to be dedicated to “managing cryptocurrencies in the most daring markets,” and that promises its clients to generate profits without the need to be an expert.
Although the recent gains in the bitcoin price and the seductive logic with which the firm worked have meant that some of its members continue to receive their supposed profits, the reality is that the activities of Trust Investing raise many doubts about the its legality.