Friday, July 04, 2025

The use of Chivo Wallet facilitates scams such as Ponzi schemes

The investigation into the Alas family, accused of defrauding US$3.4 million through a Ponzi scheme, has been complicated by their use of the Chivo Wallet to launder the money, making it harder to trace, according to sources close to the case. Prosecutors suspect the operation was planned with the intent to defraud, as the Alas family’s companies have no assets registered in their name, preventing authorities from recovering the funds through seizures.

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The use of Chivo Wallet facilitates scams such as Ponzi schemes

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