Mantequilla arrested for financial fraud

The Public Prosecutor’s Office confirmed that Wilkin García Peguero (Mantequilla) is under arrest on charges of swindling and death threats.

The Public Prosecutor’s Office of the province of Monte Plata has received 25 formal complaints for swindling filed by citizens through their lawyers against García Peguero, and at least another ten complaints have been filed directly by citizens, N Digital reports.

Carmen Daniela Araujo, head judge of the Judicial Office of Permanent Attention Services of the Judicial District of Monte Plata, issued arrest warrant No. 668-2022-SAJP-01389 against the accused.

Leading up to the arrest, on 9 November 2022, the Public Prosecutor’s Office had issued an arrest warrant against García Peguero for violation of articles 307 and 405 of the Dominican Penal Code.

Garcia Peguero ran an unregulated business that attracted millions of pesos in deposits. 3.14 Inversiones World Wide operated in a residence in the municipality of Sabana Grande de Boya, Monte Plata province.

Superintendent of Banking Alejandro Fernandez had warned in September 2022 that Mantequilla was not a financial wiz, that he was running a pyramid business. At the time, Fernandez said the Superintendence could not act until complaints had been placed by scammed people.

Mantequilla was arrested by the National Police in the National District and sent to Monte Plata, where a judge needs to decide on preventive measures as the case is prepared.

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1 December 2022