Aras CEO Armando Gutiérrez Arrested While Shopping

Fugitive CEO of Absines Group Sought in Mexico, $5 Million Reward Offered

February 29, 2024

Authorities in Chihuahua, Mexico, are actively searching for Armando Gutiérrez Rosas, the Chief Executive Officer of Absines Group. A citizen reportedly identified Gutiérrez and captured photographs of him, attempting to relay his location before the suspect departed the area. The Chihuahua Prosecutor’s office has announced a substantial reward of up to 5 million pesos – approximately $275,000 USD – for details leading to his capture.

Gutiérrez, also known as “CEO Aras,” is wanted in connection wiht widespread fraud allegations against Absines Group.The company allegedly operated a Ponzi scheme, enticing investors with promises of high returns.These returns were initially paid out using funds from new investors, a practice that continued until the onset of the pandemic, when the scheme unraveled.

Images released by authorities depict gutiérrez wearing beige shorts, a black neck shirt, and athletic shoes. Despite numerous complaints filed against Absines Group and knowlege of Gutiérrez residing in the United States for years, an arrest has not yet been made to bring him to justice in Chihuahua.

The Attorney General of the State of Chihuahua urges anyone with information regarding Gutiérrez’s whereabouts to come forward. The reward is intended to incentivize the public to assist in his apprehension and ensure accountability for the alleged fraudulent activities.

Understanding Ponzi Schemes and Investment Fraud

Ponzi schemes are a type of investment fraud that relies on attracting new investors to pay profits to earlier investors. They are unsustainable and inevitably collapse when new investments slow down. Investors should always exercise caution and thoroughly research any investment prospect before committing funds.

Red flags for potential investment fraud include promises of high returns with little or no risk, overly complex investment strategies, and pressure to invest quickly. Always verify the legitimacy of an investment firm and its representatives before investing.

Frequently Asked Questions About the Absines Group Case

• What is a Ponzi scheme? A Ponzi scheme is a fraudulent investing operation where returns are paid to existing investors from funds collected from new investors,rather than from legitimate profits.
• How did Absines Group allegedly defraud investors? Absines Group is accused of promising high investment yields and then using money from new investors to pay earlier investors, a classic Ponzi scheme tactic.
• Where is Armando Gutiérrez Rosas believed to be located? Reports indicate Armando Gutiérrez Rosas has been residing in the United States, though his current location is unknown.
• What is the reward for information leading to his arrest? The Chihuahua Prosecutor’s Office is offering a reward of up to 5 million pesos (approximately $275,000 USD).
• What should I do if I believe I was a victim of Absines group fraud? You should file a complaint with the relevant authorities in Chihuahua and seek legal counsel.
• Is investing in high-yield opportunities always risky? Yes, investments promising unusually high returns often carry notable risk and may be fraudulent.
• How can I protect myself from investment fraud? Thoroughly research any investment, verify the legitimacy of the firm and its representatives, and be wary of pressure tactics.

Disclaimer: This article provides information regarding an ongoing legal matter. it is not intended to provide legal or financial advice. If you believe you have been a victim of fraud, please consult with a qualified professional.

What are your thoughts on this case? Share your comments below and help spread awareness!