Authorities in Buenos Aires uncovered a fraudulent scheme involving a phantom company that targeted both multinational and small‑to‑medium enterprises.
The investigation began after a construction firm reported that payments for supplied materials were made via electronic cheques that were bounced for lack of funds.
Investigators found that the operation was repeated with other companies, which delivered goods under the guise of legitimate trade and then vanished, making it hard to trace the merchandise.
Urgent searches in Avellaneda and Lomas de Zamora seized a mobile office used as a front, more than 500 bags of materials, construction supplies, medical and food items, and documentation. The total loss exceeds $30 million, yet no suspects have been detained so far.
