Authorities Uncover $200M Ponzi Schemes Spanning US, Spain, Colombia, and Grimaldi Real Estate

Authorities have uncovered multiple Ponzi schemes involving significant financial fraud and lavish personal expenditures. In Miami, a $1.6 million scheme funded private school tuition, tennis lessons, and personal expenses, while another Miami resident is accused of defrauding Venezuelans of $39 million to purchase a luxury condominium. Separately, a Colombian citizen was arrested for allegedly operating a $66 million Ponzi scheme, which financed a lavish wedding in France. In Spain, Juan González is accused of orchestrating a €70 million fraud, using the proceeds to acquire luxury properties in Colombia and transfer assets to his wife. Part of the funds was linked to Grimaldi Real Estate.