Karina Alvarado Rios Esiservis Corporation
Miami, Fl Ponzi Scam Defrauded Friends and Investors!

I too was defrauded by Karina Alvarado Rios from Miami, I invested six figures directly with her. We really thought that she was legitimate. When I met her she told me about the business deals that her and her mother and her brotehr were involved in.

She explained that she gets great percentages and commissions since she is the daughter of the owner of Esiservis S. A corporation and that she would pass most of the high returns to her close investors or investors that were referred to her through close friends. The same goes for the business she claimed to have with ehr brother Ricardo Alvarado Rios with the Ecuadorian Lottery.
I met her in South Florida area. We will all suckers to believe all that time that Karina Alvarado Rios and her company Esiservis S. A Corporation was the real deal, she pulled a huge Ponzi scam on some many really hurting those that cared for her and her children.

We reported her to a few state attorney generals and have the legal side ready in case she returns to the USA since we know she used her fake business deals to get her USA Visa and get her and her family residency. We learned about this widening scandal late 2007 early 2008 when friends called us to say that her and her husband Juan Asensi Martin from Spain fled the country to avoid prosecution for many charges, she bounced about $600,000 in checks then fled with everyone's monies.

She is believed to be protected and supported and sharing the money with her mother Mercedes Rios Sono and believe that she is holding or hiding our stolen money. We know a few people that lost over 1 million dollars in the scam, Karina Alvarado Rios told us that her mother managed her money and had bank accounts in British Virgin Islands, Panama and in other countries to avoid paying taxes.

Our sources that told us that Karina confessed to running a bogus investment scheme in Miami, FL.in which new investors were secretly fleeced to pay returns to earlier investors. We are deeply saddened and distressed that we, along with others, have been the victims of her pyramid ponzi scam.

It appears that at least $1.5 million of wealth, much of which was concentrated in Southern Florida in is her possession, most likely more believed to be hidden with the mother of Karina Alvarado Rios's mother Mercedes Rios Sono of Esiservis S.A. Corporation in Miami Florida, we believe that the monies were wired to the parent corporation in South America and personal accounts and through close family members.

We spoke with Regions Bank managers and security officials where they did most of their banking and Regions Banks Florida and don't understand why her personal or business accounts were never red flagged especially the amount of checks and wires sent to Ecuador under the Patriot Act. We also reported them to the IRS and the Consulate of Ecuador, Immigration and naturalization amongst a handful of agencies. All just one big lie" and "basically, a giant Ponzi scheme."

In her Ponzi scheme, a Karina Alvarado and her company Esiservis Corporation uses money from new investors, who are lured with the promise of high or consistent returns, to pay off earlier investors. She showed many documents of products to be sold to Petro commercial and Petro Ecuador Petroleum, for the buying tubes or "tuberia" & valves "valvulas" in Spanish to be bought and resold through Esiservis and we were going to get paid every first of the month once Karina was paid from her mother personally or from Esiservis S. A Ecuador.

At least a couple of investors overseas were also reeling from the alleged fraud. Another part of her fraud was to say that her brother Ricardo Alvarado Rios in Guayaquil Ecuador a top employee to Lotteria De Ecuador "Ecuadorian Lottery" was the decision maker when it came to purchase the prizes to be given away to the Ecuadorian Lottery winners for scratch off tickets etc. She showed several of us his and gave us a copy of Ricardo Alvarado Rios passport and said that we won the bid to be the sole vendor or seller to supply them with 500,000 t-shirts with the lotto logo on it, or chocolate coins, or pens and pencils with the Ecuador Lottery logo on ir, umbrellas, i-pods, mp3's radios, televisions.

She had several of the investors put up big money and got suckered by believing her when she amended her life policy insurance to make investors the beneficiary for the amount he or she invested in case she died during or before the business deal was paid out.

We will fight to get through this unfortunate set of events and see that others are aware of this family and Esiservis Corporation so it never happens again to anyone ever again!

Company: Karina Alvarado Rios Esiservis Corporation
Country: USA
State: Florida
City: Sunny Isles Beach
Address: 303 Poinciana Island Drive
Phone: 7862690939

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