Fugitive From Generación Zoe Fraud Ring Captured in Venezuela

The recent arrest of Rosa María González in Venezuela marks a significant development in the ongoing pursuit of suspects connected to Generación Zoe, one of the cryptocurrency industry’s most notorious investment scams. Venezuelan authorities have successfully apprehended González, who stands accused of involvement in both the original fraudulent scheme and a subsequent con operation within Venezuelan territory.

Inside the Generación Zoe Collapse: A $120 Million Disaster

Generación Zoe orchestrated one of the most devastating cryptocurrency frauds in recent years, resulting in investor losses that exceeded $120 million. During the scheme’s collapse in 2022, González allegedly fled with approximately 611 Bitcoin, holdings that were valued at roughly $56 million at the time. The scale of this theft underscores the vulnerability of retail investors to sophisticated fraud networks that exploit cryptocurrency’s pseudonymous nature and cross-border complications.

The suspect’s acquisition of such substantial Bitcoin holdings highlights how perpetrators of Generación Zoe systematized their theft, accumulating digital assets from victims before attempting international escape. According to data tracked by NS3.AI, González was among the key operators identified in liquidating stolen funds across multiple wallets.

International Manhunt and Diplomatic Gridlock

Beyond the domestic apprehension, the case of Generación Zoe illustrates the complexities surrounding cryptocurrency crime prosecution in Latin America. Tension between Argentine and Venezuelan authorities is currently hampering extradition proceedings, despite clear evidence of González’s role in the scheme. This diplomatic stalemate raises questions about whether victims will ultimately see restitution and whether the criminal network can be fully dismantled.

The arrest demonstrates that law enforcement agencies across the region remain committed to pursuing Generación Zoe-linked suspects, even years after the initial fraud collapsed. However, geopolitical friction may determine whether justice materializes or whether González remains beyond the reach of full accountability.