• 2025.12.14 (Sun)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
MENU
 
Home > World

Colombian Entrepreneur Felipe Rocha Accused of Fraud in Cattle Investment Scheme

Graciela Maria Reporter / Updated : 2024-11-16 04:17:31
  • -
  • +
  • Print


Felipe Rocha, a Colombian entrepreneur, is facing new accusations for his alleged involvement in a fraudulent scheme known as the "cattle pyramid." The case has gained significant attention due to the involvement of Martín Santos Rodríguez, son of former President Juan Manuel Santos, as one of the victims.

Rocha allegedly lured investors into a cattle investment scheme, promising high returns. However, he allegedly used the collected funds for personal expenses, and the cattle he presented as investments turned out to be non-existent.

Martín Santos, son of former President Juan Manuel Santos, is among the victims of the scheme. Santos' lawyer has formally requested the court to recognize his client as a victim in the case.

The Attorney General's Office has charged Felipe Rocha with large-scale fraud. Rocha is already facing other legal proceedings for aggravated fraud and forgery of private documents and has attempted to reach a plea bargain with the prosecution, but he has not yet admitted guilt in this particular case.

This case has sent shockwaves through Colombian society. The fact that the son of a former president has fallen victim to this fraud has caused widespread outrage and highlighted the prevalence of corruption and investment fraud in Colombia.

Meanwhile, Martín Santos has expressed criticism of President Gustavo Petro's peace policy, arguing that the government's peace negotiations have not yielded significant results.

The Felipe Rocha cattle fraud case is having a significant impact on Colombian society. It serves as a warning about the dangers of investment fraud, has deepened public distrust in government corruption, and has reignited the debate over President Gustavo Petro's peace policy.

[Copyright (c) Global Economic Times. All Rights Reserved.]

Graciela Maria Reporter
Graciela Maria Reporter

Popular articles

  • EU Accelerates 'Battery Independence' with Multi-Trillion Won Public Fund Injection

  • Tragedy's Timepiece: Titanic Passenger's Watch Fetches Record-Breaking $2.5 Million at Auction

  • Hong Kong High-Rise Inferno Claims 128 Lives, Sparks Major Corruption Probe into Renovation Safety

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065554224150302 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Lotte Biologics Hosts 'Future Innovative Technology Development Forum'
  • CJ OnStyle Launches Major Year-End Living Event: 'Jibchak Festa'
  • CJ CheilJedang Launches 'Yummy' Content Service on CJ The Market App
  • Yamaha Music Korea Launches 'Hybrid Piano Music Festa' Special Promotion
  • Lotte Wellfood Dominates 2025 Korea Digital Advertising Awards with Six Wins
  • South Korean Business Undergoes Major Generational Shift: A Move Towards Tech-Driven Leadership

Most Viewed

1
A Garden Where the City's Rhythm Stops: Dongdaemun's 'Cherry Garden', Cooking Consideration and Diversity
2
Choi Bun-do, Chairman of PTV Group, Assumes Presidency of the Korean Chamber of Commerce and Industry in South Central Vietnam
3
From Court to Content: French Tennis Star Océane Dodin Trades Racquet for OnlyFans, Eyes $5M in a Year
4
Lee Dismisses Vice Minister Amid Allegations of Misconduct and Vetting Gaps
5
Daejeon to Host 3rd Annual International Korea Beauty Festival, Paving the Way for K-Beauty Hub Status
광고문의
임시1
임시3
임시2

Hot Issue

South Korean President Lee and Japanese PM Takaichi to Meet in Nara, Signifying a Shift to 'Regional Shuttle Diplomacy'

[Deep Report] The Black Hand Behind the Mask of Disguise: The Reality of Cult Corporate Entities' Encroachment on Power Across Korean Society

Samsung Launches 'Galaxy Z TriFold,' Draws Crowds Despite $2,750 Price Tag

South Korea’s National Assembly Passes Banking Act Amendment Regulating Loan Interest Rates

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 독도는우리땅
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column 
    • 전체
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers