London 25.06.2012 | It is with great pride that I announce the successful collaboration I had with Mabel Renhfeldt, which resulted in a significant investigation into a multimillion-dollar fraud in Paraguay. This scheme involved Venezuelans Marcelo Barone and Elisabel Vasquez Galiño, and has led to 15 indictments and two international arrest warrants. The fraud, targeted at CAJUBI, a retirement fund for workers associated with the Brazil-Paraguay Itaipu hydroelectric dam, is estimated to total around $160 million.
Barone and his wife-partner Vasquez Galiño, both from Venezuela, were reportedly last spotted in London last December, according to a former personal assistant and chauffeur. Between 2006 and 2007, over $36 million was funneled to them by corrupt CAJUBI executives under the guise of “high return investments.” With these funds, Barone and Vasquez Galiño embarked on a real estate buying spree in London, partnering with various local firms. Now, Paraguayan authorities are actively seeking both Barone and Vasquez Galiño for their involvement in this fraudulent activity. Additionally, several members of CAJUBI’s executive board have also been indicted, while a former prosecutor has been removed from the case.