Alejandro Muszak, the CEO of the fintech Wenance, will remain imprisoned. He is accused of more than twenty cases involving more than 1 million dollars.
The director and treasurer of a company linked to the case also fell. Prosecutor Alejandro Guevara, from the Vicente López Prosecutor's Office, also requested the arrest of Paola Vallone, Pedro Viggiano, and Anah Mazzalan in the last hours. They were detained this Wednesday at the prosecutor's office headquarters when they showed up to "find out" about the case with their lawyers. The case is being processed by the Federal Court No. 1 of San Isidro and was led by prosecutor Guevara. They had been working on the case since January, when some 27 savers sued the fintech that offered above-average returns. The prosecution was able to determine at least at least 24 fraudulent acts. The CEO was arrested while leaving his home in Palermo and was preparing to get into a Mercedes Benz C63S, valued at over 120 thousand dollars. Wenance was a fintech that promised "financial freedom with the power of the people." Its loans were funded by the money of the firm's investors, who were offered returns of up to 12 percent annually. In Argentina alone, there are about 8,000 victims who say they have put money into the company. Muszak always denied the charges, but now the justice system has found evidence that would link him to the firm. The company Be Capital Inversora, a firm that would function as a "cave" to move the black money that came into the company and from the one that Muszak always denied, the court has found. The case against Wenance has been adjourned until September 14, 2014, for a hearing on the charges against Muszak.