Colombia’s financial superintendent closed three companies suspected of being new pyramid schemes, it announced Monday.
The companies — two in Cali and one in Manizales — are suspected of using front companies to cover their activities as illegal pyramid schemes.
The superintended ordered the immediate suspension of activities of the companies and handed over evidence the three were actual pyramis schemes to the prosecution and the Superintendent of Commerce.
The collapse of pyramid scheme DRFE led to unprecedented economic problems in the south of Colombia. This, combined with the shut down of suspected pyramid scheme and drug money launderer DMG led to numerous riots in cities in the Colombia’s poor south.
According to authorities, approximately 200,000 Colombians were victim of these two companies. Most of the victims are poor Colombians who now lost their savings.
