Two promoters of the $4 billion crypto scam OneCoin were found dead in Mexico.

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Oscar Brito Ibarra and Ignacio Ibarra, two important OneCoin promoters, have been kidnapped and murdered in Mexico, as reported by Cointelegraph Español Tuesday. According to the report, these two men promoted OneCoin as a payment method for a car company called ‘Latin American Automotive Marketing Company’.

The horrifying news was first reported by the major Latin American news platform La Tercera on Saturday. It said that the body of Oscar Brito appeared inside a suitcase in Mazatlán, state of Sinaloa, about a thousand miles northwest of Mexico City.

His remains were found on June 30, among garbage bags, in a vacant lot in an area known as El Venadillo. The body of his partner Ignacio Ibarra was also abandoned there, in the same condition. According to the local press, both had been kidnapped two days earlier in Villa Carey, another neighborhood in the same city, and had died of asphyxiation.

Oscar Brito

During the second half of 2010, Oscar Brito began to fantasize about becoming rich. He had graduated from a technical high school -San Lorenzo School-, had no university studies, still lived in his parents’ house in Recoleta and worked as a waiter in a restaurant in Ciudad Empresarial, but at the age of 25 he had fathered a little girl and aspired to give her a better quality of life.

He began by reading self-help books to visualize and realize his goals, then moved on to authors such as Robert Kiyosaki, an entrepreneur and motivational speaker who advocates financial freedom, and then moved into the foreign exchange market through Forex. By 2017, he was an entrepreneur.

The Cybercrime Squad of the Police Investigation Department has no record or reports of fraud with the OneCoin system, but they warn that it is very easy to lose money to offers that seem irresistible.

“I’ve seen many people get cheated through crypto-money. They offer you an investment, tell you the currency is gaining in value, and then they disappear.

There are people who have taken out loans to make these investments and end up losing everything. Young and old, rich and poor, there is no single profile,” says Deputy Commissioner Julio Vargas.

As OneCoin lost “usability” around the world, several members of the group lost interest. Oscar, however, continued to believe. On social networks he used to share content that highlighted the advantages of digital money over physical money. He also reflected on successful business cases such as Uber or Facebook. “The size of your risk will determine the size of your Reward. How big a risk is your life today,” he said in a photo.

Late last year, Oscar was eager to capitalize on his investment in OneCoin in some way. Then he heard about Comercializadora Latinoamericana de Automotores (CLA), which operated in Argentina and Colombia as a sort of intermediary between buyers and automobiles; they supposedly received digital money with which they then bought cars in each country at convenient prices.


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