Background on Carlos Lazo and Yox Holding
Carlos Lazo, a Venezuelan national, is the central figure in the Yox Holding fraud case. Yox Holding was a company that promised attractive returns on investments through a “sports trading” scheme. This scheme allegedly defrauded over 50,000 people of more than 1,000 million pesos.
Who is Carlos Lazo?
Carlos Lazo is a Venezuelan entrepreneur who led Yox Holding, a company that offered monthly gains ranging from 3.1% to 3.5% on investments starting from 10,000 pesos. These investments were placed in sports bets, with the prediction of outcomes facilitated by a system of algorithms.
Why is Yox Holding Relevant?
Yox Holding operated in various states across the country, attracting investors with its seemingly lucrative offers. However, the company was not supervised by the Comisión Nacional Bancaria y de Valores (CNBV), the regulatory body overseeing the financial system. This lack of supervision raised red flags, prompting the CNBV to warn the public about the risks associated with investing in Yox Holding.
Detention of Carlos Lazo
After more than a year since the Yox Holding case erupted, authorities confirmed the detention of Carlos Lazo in Las Vegas, Nevada, on November 24. The Fiscalía General de Chihuahua (FGE) announced the news, stating that Lazo was apprehended due to an arrest warrant issued in Chihuahua for his alleged involvement in fraud.
Detention Details
The FGE reported that on February 13, 2024, they requested a migration status check through a Red Notice and Migration Alert for Lazo’s capture. He is currently in the custody of Enforcement and Removal Operations (ERO) in Las Vegas, Nevada. Authorities expect a hearing request before the U.S. Migration Judge, potentially delaying Lazo’s deportation.
Legal History and Controversies
The CNBV warned the public about investing in Yox Holding due to the company’s lack of regulatory oversight. Despite this, a judge granted an amparo in 2023 to remove Yox Holding’s name from the warning. In March 2023, the Procuraduría Fiscal de la Federación requested the CNBV to ratify or modify a criminal opinion against Yox Holding for allegedly capturing resources illegally. The CNBV declined to ratify the opinion, stating that illegal capturing was not established.
Legal Consequences
This situation allowed lawyers defending the defrauded parties to file a lawsuit against the CNBV for not taking decisive action in this case. The controversy surrounding Yox Holding and its alleged fraudulent activities has led to the detention of Carlos Lazo, highlighting the importance of regulatory oversight in investment schemes.
Key Questions and Answers
- Who is Carlos Lazo? Carlos Lazo is a Venezuelan entrepreneur and the leader of Yox Holding, a company accused of defrauding over 50,000 people of more than 1,000 million pesos.
- What is Yox Holding? Yox Holding was a company that offered sports trading investment opportunities, promising monthly returns between 3.1% and 3.5%. The company was not regulated by the CNBV, raising concerns about its legitimacy.
- Why was Carlos Lazo detained? Carlos Lazo was detained in Las Vegas, Nevada, due to an arrest warrant issued in Chihuahua for his alleged involvement in the fraudulent activities of Yox Holding.
- What is the status of Carlos Lazo’s detention? Carlos Lazo is currently in the custody of ERO in Las Vegas, Nevada. His deportation is expected to be delayed as authorities request a hearing before the U.S. Migration Judge.
