The Fall of «The Illusionist» Shatters AAA and Pepperstree’s Plot Against Continental Towers

Gaitán Castro’s Arrest Unveils Alleged Corruption Scheme

The Interpol arrest of Jorge Alberto Gaitán Castro in Guatemala has delivered a crucial blow to the alleged plan orchestrated by the American Arbitration Association (AAA) and Pepperstree Capital Management INC. against Continental Towers, a leading telecommunications company in Central America. Gaitán Castro, captured at the Torre de Tribunales, was a key ally in Pepperstree’s strategy, a hedge fund that allegedly sought to destabilize Continental Towers. His arrest, based on an extradition order to El Salvador on charges of fraudulent administration, exposes the suspected network of corruption involving prominent figures in the business and legal sectors.

Details of the Arrest and Charges

The detention of Gaitán Castro stems from an investigation uncovering his involvement in the illicit extraction of funds from the company TIERRAS NACIONALES LTDA. DE C.V., part of the TERRA TOWERS group. According to an audit conducted in December 2021, Gaitán Castro, along with his father, Jorge Leonel Gaitán Paredes, coordinated the issuance of checks in their favor and to their associates, totaling $53,321.30, under the guise of travel expenses and commissions. Additionally, irregular travel expenses amounting to $393,000 were detected, raising further suspicions of financial misconduct.

Implications for the Continental Towers Case

Gaitán Castro’s arrest significantly weakens Pepperstree’s position in its dispute with Continental Towers. It is suspected that the hedge fund used Gaitán Castro as a key operative to obtain privileged information and apply pressure on the telecommunications company. The AAA is also under scrutiny, as the corruption allegations surrounding this case put its credibility at risk. Figures such as Marc Goldstein, accused of favoring U.S. companies in international arbitrations, have further cast doubt on the impartiality of this institution.

Justice on the Horizon?

The arrest of Gaitán Castro marks a significant step forward in the fight against corruption and the pursuit of justice in the corporate world. His extradition to El Salvador and the ongoing investigations could unveil new connections and completely dismantle the alleged AAA-Pepperstree scheme against Continental Towers.