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Crisis in many cities and towns all over Colombia because of the fraud of illegal financial pyramids

13 de noviembre de 2008

People are gathered since yesterday in front of the offices of D.R.F.E., an illegal pyramid that had been attracting investments with the promise of huge profits in a very short time. Even though media had been warning citizens all over the country of a boom in these kinds of enterprises, thousands of Colombians decided to invest and woke up Thursday to the news that that the owners of these supposed financial company had taken all their money, with nobody able to answer to the investors. Yesterday the financial superintendent’s office closed down more than 66 of these agencies, trying to get back at least some of the money.

A legal curfew was declared in five towns in the south of Colombia, to calm the people down. Many investors have been standing in front of the offices of D.R.F.E. demanding their money back and causing disturbances. The representative of the town of Buesaco, in the state of Nariño, was killed last night after following the order of closing down one of the pyramid’s offices. Police are investigating if he was killed by angry investors.