Carlos Manrique, founder of CLAE and author of the biggest financial scam in Peru’s history, has died.

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Carlos Manrique, founder of CLAE and author of the biggest financial scam in Peru’s history, has died.

Carlos Manrique Carreño, creator of the Latin American Center for Business Consulting CLAERamon Castilla II in Ezalud passed away early this morning Lima ValleyHe reported his family situation.

Sabino ManriqueAlso known as Brother.Severengu‘, death assured RPP news, last Monday, July 9, after describing that he was admitted to the hospital due to serious health problems. His advanced age — he was approaching 90 — made his recovery difficult.

“The doctor said last night that he had problems with his lungs and kidneys,” the family member explained to the aforementioned media.

CLAE’s inability to continue paying high returns promised to its clients led to the inevitable collapse, sealing the fate of the company and its investors. (GEC)

Peruvian authorities found Manrique Carreño responsible Fraud and other binding offences. It is estimated that the savings of more than 250 thousand people disappeared from the 80s to the early 90s, and after this, he emerged as the biggest teacher. Financial fraud In the history of Peru.

It is known that Carlos Manrique was born in 1936 in the Cusco region. He worked as a mathematics teacher at the beginning of his career. He has since graduated Boys’ Normal School (now called Enrique Guzman y Valle University or La Cantuda) He was superior to others and soon became a member of the university assembly.

His leadership and tenacity skills led to the creation of what is known as CLAE, which initially offered only business management consulting. However, finding the sector unprofitable, Manrique turned the business around and started it under one roof Pyramid scheme.

The abolition of the CLAE in 1993 revealed the shadows of pyramid schemes in the Peruvian economy. (GEC)

“He was very cunning,” admits those who saw him at one point.

Unlike traditional bankers, ‘Severengu’ earned his trust customers -at that time called the Clayists -meeting with them personally. It recruited mainly retired public sector employees and ex-servicemen of the armed forces. These older adults value having that direct contact, almost blindfolded and giving it their all savings His life, but not before taking on attractions Interests He promised victory.

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Newspaper reports from those years when CLAE was at its peak Finance de Manrique made a promise to users Profit 13% monthly and 100% yearly investment.

The intervention of the banks and insurance watchdog marked the beginning of the end of CLAE, which exposed a series of irregularities that cost thousands of their savings. (Luis Gonzalez)

There are no documents confirming how much money was moved in the years CLAE operated in Peru, but it was said in the press at the time that it was almost the total. 650 million dollarsThe state of Peru is not counted in this.

Till the end of his days, ‘Severengu’ categorically denied that he had defrauded his savings and therefore CLAE was the largest. Financial fraud Peruvian history has been broadcast by television, written and radio media.

“The Gleists financed the courses and traveled…” said Carlos Manrique BBC, In one of his last interviews to a media outlet.

Carlos Manrique went from being a financial business visionary to being the central figure in one of the worst financial meltdowns in Peruvian history, affecting countless savers. (GEC)

Continuing his defense, Manrique added: “Until the police intervened Company There was no complaint, we always complied, because I think every Peruvian carries that desire to work.

What Manrique didn’t mention was that CLAE didn’t actually have a bailout fund to guarantee it, as experts warned at the time. customers If something goes wrong, don’t lose all your savings or any sort of regulation that checks the origin of the money.

Bad CLAE led to litigation Carlos Manrique Imprisonment for eight years should be imposed. He was released in 2001. His name stopped occupying the front pages at the same time that thousands of Glysts resigned, knowing that they would never see the investment again.

Photo: Diario Gestión – Composition.

On the streets of Lima, where he spent his last days alive, many still recognized Manrique, who went out less and less as he aged. “Money back!” even though they were already clear that he wasn’t going to give anything back, you could still hear him pass out.

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“Severengu!” It was another revelation that he encountered a lot. The term is a nickname for a Peruvian comedian Arturo Alvarez, a follower of Manrique, became popular in the 90s, and Alvarez used ‘Severengue’ to mock the authorities. It was recorded in the collective imagination and remembered with that term to this day.

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