Dock Executive Arrested Over $10M Acquisition Dispute
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Dock’s country manager in Mexico, Anderson Olivares, was arrested in Mexico City, accused of a $10 million fraud tied to the 2021 acquisition of card processor Cacao.
Prosecutors point to irregularities in the deal, and a court has barred Dock from changing its shareholder structure. That restriction, sources say, blocked the company’s plans to go public in 2023.
Dock has denied any wrongdoing, calling it a private dispute. The company says the deal was fully paid, and one Cacao co-founder remains on staff.
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NEWS
🇲🇽 Dock Executive Anderson Olivares de Oliveira arrested in Mexico for $10 million fraud. Olivares was detained at Mexico City International Airport following an alert from the Attorney General's Office. He is accused of fraud in a case involving corporate disputes and regulatory questions about the company's operations in the country.
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