Enrique Juan Blaksley Señorans, former head of Hope Funds, has been detained for more than three years and is currently under trial
Enrique Juan Blaksley Señorans, detained for more than three years and currently under trial, accused of being the head of an alleged illicit association that would have committed a multimillion-dollar fraud with the taking of savings for investments, in which there are at least 318 victims, will face a new trial. This time, due to the possible attempt at procedural fraud, as a consequence of alleged maneuvers deployed during the processing of an extrajudicial preventive agreement (APE) of his company, Hope Funds, before the commercial justice.
According to judicial sources informed the Télam news agency, These events were denounced in May 2018 by Commercial Judge Sebastián Sánchez Cannavo, for an alleged attempt to deceive him to approve an APE in the case for the bankruptcy request of Hope Funds, which referred to more than 1000 creditors, as it arises from the requirement of elevation to tax judgment.
After the corresponding draw, the new trial settled in the Federal Oral Court (TOF) N ° 1, which in turn decided to send the file to TOF N ° 4, which since mid-February has tried Blaksley and 16 other defendants for illicit association and scams.
According to the tax requirement of elevation to trial, Blaksley and four other defendants, Verónica Vega, Ramiro Rúa, Sergio Orencel and Oscar Massabie, would have “tried to deceive the judge with the aim of having him homologate the APE of Hope Funds.
“The accused “They tried to defraud more than 1000 creditors of the company“, according to the indictment.
The maneuver “was implemented through the presentation of an APE with the accessions of hundreds of creditors of the company, accompanying incomplete information that the representatives of Hope Funds SA provided to the court regarding the real composition of assets and liabilities, and writings in which test measures were proposed knowing that it was impossible to reproduce “and to” delegitimize those who opposed the agreement, “according to the prosecution.
The five will be tried for attempted “procedural fraud” and within the framework of this case, the AFIP is also a complainant.
The businessman, imprisoned since April 2018 in the federal prison of Ezeiza, is being tried for an eventual mega-scam committed along with 16 other defendants for an amount calculated at 184 million pesos, against about 300 investors.
In addition, he is charged with “money laundering of criminal origin, illicit association and unauthorized collection of savings from the public aggravated by having been committed through a public offering.
How was the operation of Hope Funds
Hope Funds is what the financial market knows as private equity funds, ventures that, outside of state regulation but without crossing the border of the law, They offer savers rates that are impossible to reach in the formal circuit.
Blaksley’s, for example, came to pay between 7 and 12% per year in dollars, two points above what the informal market of the caves paid. The measure that surely contributed to many of the Hope Funds believers finally deciding to withdraw their bets was money laundering promoted by the Government. It has been known since the crash of ’29: nobody resists a run.
The case is resounding because it involves artists, people from the world of polo and entertainment, relatives of the owner of the group and executives of first-rate companies.
As soon as the case became known to the public opinion, those who know about finances said that it was most likely that it was a case dominated by decisions made with a high degree of irresponsibility, infinite ambition and little experience in private banking.
Blaksley did not know, could not or did not want to assess the risks of a business that, although it started well, ended up getting out of hand. Typical “mismatch” issues: Hope Funds made investments for several years with a savings funding, most of which did not exceed the one-year term. It was what this rate allowed, set in dollars for the 12 months at 7% per year, a yield that grew gradually to 12% for the six years, the maximum term.
Once it bursts, the financial bubble takes with it all the fiction it was able to create.
Blaksley was a prestigious investor and highly sought after in the world of sports.
Which celebrities did you associate with?
Blaksley was a prestigious investor, with 25 years of experience in the sector and one of the most sought-after entrepreneurs in the world of sports. He brought Roger Federer to an exhibition with Juan Martin del Potro, a Usaín Bolt to run against the Metrobus, organized the farewell of Ariel ortega In River, he faced an unfinished project that aimed to open cafes with the Messi brand and won the Triple Crown as the main sponsor of La Dolfina. In 2013, before the cameras of TyC Sports, Adolfo Cambiaso (h), with whom he is in a fight today, praised him, distinguishing him from the cold common sponsors: “When you have a friendship, everything becomes easier: from going out to eat, from playing polo, from sharing the same things. He sponsors, but he lives in Russia and the truth is that it is not the same feeling “.
The failure of his business had real reasons. The most relevant was the investigation of Carlos Gonella, former head of the Office of the Attorney for Economic Crime and Money Laundering, which determined in mid-2014 that, out of 521 investors in the group, only three could explain the origin of the funds.
Three years earlier, on February 11, 2011, with a great party at the Sheraton in Pilar, Hope Funds had inaugurated Verazul, its most important business venture, a gated community nestled in Villa Rosa, on the banks of the Luján River. But the initiative was later frustrated with a complaint from environmentalists. And that was the beginning of the end: the presentation led the government of Humberto Zuccaro, then mayor of Pilar, to withdraw the precarious permit to build from Hope Funds, the work was stopped and, with it, the payment of customer fees that began to worry about delays.
The publication of the first setbacks in January 2015, just on Blaksley’s 50th birthday, is according to Hope Funds the third reason for the debacle. Until then the group had continued to function with a aggressive policy to incorporate vendors to its commercial force, reinforced with commissions in dollars that reached 7%, trips and prizes for the most successful.
A few years ago, the group focused on set up offshore companies for u $ s10 million in the British Virgin Islands, armed by the Mossack Fonseca study, something that close to the businessman now deny.
“He is not a bad guy: he showed his face, continues working and was always at the disposal of the Justice,” they added in his environment. “El Negro stepped on the shoulder and went to the grass,” retrucaba one who worked with him. What no one doubts is that the business was a fiasco. That forced, for example, Blaksley to part five months ago, at the request of Hard Rock International, from the franchise that that chain has in Recoleta.
The party is over and save a few awkward pictures. Among them, a photo of Blaksley at the InterContinental hotel in Tigre with Federer, Sergio Massa and Guillermo Marín, his partner at Imagen Deportiva. Or that YouTube interview in which the group leader states that, more than profitability itself, “the ultimate goal of Hope Funds is to protect people.” Or the indelible memory of 120 vendors who were rewarded with a Baltic Sea cruise, with food and an open bar. It was August 2014, Argentina had not yet finished overcoming the devaluation of January and so much opulence led one of the travelers to weigh it all in a low voice and with a drastic conclusion, in front of his companions, they barely touched the coasts of Denmark: “This falls off.”