# Financial fraud investigations in Honduras > Live situation record from CLSTR: https://clstr.news/situations/financial-fraud-investigations-in-honduras > Updated: 2026-10-01T16:45:25.000Z. Sources: 22. Developments: 2. Honduran authorities have initiated investigations into various fraudulent financial operations. In San Pedro Sula, Joseline Denicia Padilla Alcerro was arrested for an alleged real estate fraud network involving falsified documents and irregular property registrations. Concurrently, in Tegucigalpa, investigations are examining a suspected pyramid scheme involving over 1,000 million lempiras, with former HLV manager Josué Portillo denying involvement and claiming victim status. Legal proceedings have since advanced in the Koriun Inversiones case. The Court of Appeals confirmed the formal processing of four individuals, including former manager Iván Velásquez Castro, who faces charges of money laundering, criminal association, and illegal possession of firearms. While Velásquez Castro and two others remain in pretrial detention, a fourth defendant, Kefi Esmeralda Gavarrete Sánchez, was granted house arrest and travel restrictions due to her postpartum status. ## Timeline ### 2026-10-01: Honduras, Nicaragua, and Venezuela report major criminal court rulings Legal developments in Honduras, Nicaragua, and Venezuela involve major criminal proceedings: the Koriun Inversiones case, a large-scale insurance fraud ring, and convictions in the Brazalete Blanco case. 21 sources. https://clstr.news/cluster/nicaragua-14-charged-in-117000-seguros-lafise-fraud-scheme ### 2026-09-23: Honduran authorities investigate real estate and pyramid scheme fraud Honduran authorities are investigating real estate fraud in San Pedro Sula and a suspected 1,000 million lempira pyramid scheme involving HLV. 2 sources. https://clstr.news/cluster/honduran-authorities-investigate-real-estate-and-pyramid-scheme-fraud --- Cite as: Financial fraud investigations in Honduras. CLSTR, https://clstr.news/situations/financial-fraud-investigations-in-honduras