A Cuban national who operated a Ponzi Scheme Scam in Guyana for several years, swindling Guyanese “investors” billions of dollars, has “very likely” fled the country under the nose of the Guyana Police Force. Wanted in connection with a series of fraud, Yuri Garcia Dominquez is nowhere to be found – prompting the police to issue a wanted person bulletin for him.
On the 7th of February, 2023, the Guyana Police Force, via its Facebook Page, issued a wanted bulletin for Mr. Dominquez with the following statement:
The Guyana Police Force has issued a WANTED BULLETIN for Yuri Garcia Dominquez who was charged with several counts of Fraud and was granted bail in the Magistrate’s Court on condition that he reports every Friday to the Criminal Investigation Department (CID) Headquarters but has not done so. He is also Wanted for questioning in relation to several additional Fraud matters.
In their statement, the Police stopped short of saying when exactly Dominquez first failed to show up to the Police Station. While it is not clear where Mr. Dominquez is at this moment, it is very likely that he has escaped via one of Guyana’s many porous borders or via the Atlantic Ocean.
Sometime between 2019 and 2020, Dominquez pulled off a scam of astronomical proportion on residents across the country of Guyana. Posing as a FOREX and cryptocurrency trader, he promised “investors” returns on investment as high as 300% in extremely short periods of time. Dominquez used a Pyramid scheme to draw in the masses, satisfying a few outspoken team leaders whom he used to recruit a “downline.” Thousands of unsuspecting and gullible Guyanese fell prey to the massive fraud before the Attorney General, having been alerted by several defrauded residents, put his foot down and launched an investigation into the shady operations of Dominquez.
Dominquez and his wife were arrested and charged with fraud. In court, however, they promised to repay all investors. The case went silent for over a year until the 7th of February when the Guyana Police Force issued a statement saying that Mr. Yuri Garcia Dominquez is missing.