Guillermo Álvarez Cuevas, better known as Billy Álvarez , has been a fugitive from justice since August 1, 2020. He was president of Cruz Azul from 1988 to 2020, and was also CEO of the Cooperativa La Cruz Azul.
Now it has been announced how much Billy stole from Cruz Azul as a manager and why he was accuses of money laundering and organized crime since last year.
The journalist Ignacio a Suárez revealed in his column published in the newspaper Récord that the embezzlement of Guillermo Álvarez in Cruz Azul and the Cooperativa amounts to 43 one billion Mexican pesos (more than $ 2 billion dollars).
The reporter claims that with all that money you can buy the 18 Liga MX clubs twice! and there are still almost 500 millions.
In addition, he wrote: “The 43 one billion pesos diverted are exceeded by 10 one billion to what we will spend to vaccinate the entire country against Covid, if this ever happens. This is how abominable the embezzlement in the cooperative and the team was in the last 20 years. ”
@ CruzAzulCD: A Booty of Cement and Goals
– Ultra Megadefalco of 500 thousand million MDP.
– Tenian his own “master scam”
– The truth about why Hugo Sánchez and @CHermosillo 27?
– The 4T and the cooperative.
Thanks for sharing https://t.co/Sw0RsBBLDT via @record_mexico– ignacio suarez (@fantasmasuarez) January 13, 2021
How was the robbery of Billy Álvarez from Cruz Azul?
According to information from the source, Billy Álvarez stole thousands of tons of cement and resold them. It’s that simple.
“Today it is certain that he operated his own ‘master scam’ to steal thousands of tons of cement and resell them. They did not need a complex financial system, nor did they need front companies. The operation was simpler. They obtained letters from government agencies or private institutions where they asked Billy Álvarez to donate hundreds of tons of cement for different programs and social support. The leader approved the donations without any modesty. ”
Related: Billy Álvarez wanted! Executives of Cruz Azul appear in spectacular