Herbin Hoyos is a Colombia

Colombia

Colombia, officially the Republic of Colombia , is a unitary constitutional republic comprising thirty-two departments. The country is located in northwestern South America, bordered to the east by Venezuela and Brazil; to the south by Ecuador and Peru; to the north by the Caribbean Sea; to the...

n journalist and broadcaster who is in exile in Spain

Spain

Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...

 after receiving death threats from the Revolutionary Armed Forces of Colombia

Revolutionary Armed Forces of Colombia

The Revolutionary Armed Forces of Colombia – People's Army is a Marxist–Leninist revolutionary guerrilla organization based in Colombia which is involved in the ongoing Colombian armed conflict, currently involved in drug dealing and crimes against the civilians..FARC-EP is a peasant army which...

 (Farc). He has a radio

Radio

Radio is the transmission of signals through free space by modulation of electromagnetic waves with frequencies below those of visible light. Electromagnetic radiation travels by means of oscillating electromagnetic fields that pass through the air and the vacuum of space...

 program called Las voces del secuestro (The voices of the kidnapped) which began in 1994. He was inspired by his own experience of being kidnapped by the Farc for 17 days. In 2008 he received the Premier Ondas (Wave Prize). Exiled in October 2009 he has continued his program using the studios of Cadena SER

Cadena SER

La Cadena SER is Spain's premier radio network in terms of both seniority and audience share...

.

Involvement in Foreign Exchange Ponzi Scheme

In October 2008, Herbin Hoyos partnered with the Panamanian company FinanzasForex to open a fund to collect money for the kidnapped. The money would supposedly be invested in foreign exchange markets, with the proceeds going to the kidnapped to help them attain financial security upon their release. At that time, the Commissions of Securities of Panama and Spain had already issued warnings that Finanzasforex was not licensed to take deposits nor to trade in financial markets. Finanzasforex eventually collapsed when the banks stopped accepting money transfers to its accounts under suspicion of illegal activities. In March 2011, its founder German Cardona Soler was detained in Spain under accusations of money laundering

Money laundering

Money laundering is the process of disguising illegal sources of money so that it looks like it came from legal sources. The methods by which money may be laundered are varied and can range in sophistication. Many regulatory and governmental authorities quote estimates each year for the amount...

 and of operating a Ponzi scheme

Ponzi scheme

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation...

that defrauded at least 100,000 people in Europe, USA, and South America, including the people who had contributed to the kidnapped's fund..