Overview

• The scheme promised steep discounts on European flights using purported Iberia “sublo” employee codes and relied exclusively on cash payments in Recoleta residences.
• Initial buyers received valid tickets, but in mid-July the operator redirected departures through São Paulo before deliveries stopped entirely.
• Investigators believe new customer payments financed earlier tickets until funds ran out, leaving hundreds stranded without refunds.
• Karina María Alvarado Ríos remains hospitalized following a reported suicide attempt and is currently unreachable by affected clients.
• Victims are pursuing restitution through the courts and coordinating information-sharing to support the ongoing federal investigation.