The De Grazia brothers have been imprisoned for

908 days

Since their arrest by the DGCIM on April 19, 2024.

The companies

Nineteen changes of ownership in fourteen months

Besides the banks, the brothers were forced to give up seventeen other companies. Fourteen of them passed to Manuel Flores Melo, Elarba's stepson, through his company Corporación de Tecnología Integral, C.A. or directly. The other three went to Elarba's employees.

Each entry shows who the owner was before, the date of the change and the annex containing the document. Entries are in chronological order.

19 entries

  1. Soluciones Integrales Tecnológicas SIT, C.A. (SITCA)

    Sells point-of-sale terminals and designs payment solutions for businesses. Bancamiga's main partner.

    Before
    60% of the shares, through SITCA Holding, C.A. Annex 8
    Change
    June 7, 2024 Annex 9
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)
    Note
    The transfer was signed by a relative by marriage of the brothers, who the document says was coerced by Elarba.

  2. Corporación Puro Pago, C.A.

    Payment products for public transport using debit cards.

    Before
    100% Annex 12
    Change
    June 7, 2024 Annex 13
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)
    Note
    The DGCIM had raided its offices on May 22, 2024 and taken six computers and all the furniture.

  3. First Switch, C.A.

    Financial technology and payment systems. Clients include Bancamiga, SITCA, Puro Pago, SENIAT and Banco Exterior.

    Before
    100% Annex 14
    Change
    June 7, 2024 Annex 15
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  4. Smart Solutions & Systems, C.A.

    Financial technology and software for banking: websites and payment systems.

    Before
    100% Annex 40
    Change
    June 12, 2024 Annex 41
    Passed to
    Manuel Flores Melo, directly

  5. Infoservice de Venezuela, C.A.

    Call center services for Bancamiga.

    Before
    100% Annex 34
    Change
    June 13, 2024 Annex 35
    Passed to
    René Augusto Hernández Giraldo, an employee of Elarba

  6. Administradora Endesa 107, C.A.

    Human resources and accounting for the group's companies.

    Before
    100% Annex 38
    Change
    June 13, 2024 Annex 39
    Passed to
    Aurora De Los Ángeles Delgado Barrios, an employee of Elarba

  7. Smarnet Venezuela, C.A.

    Financial technology and software. Supplied internet service to the group's companies.

    Before
    100% Annex 36
    Change
    June 14, 2024 Annex 37
    Passed to
    René Augusto Hernández Giraldo, an employee of Elarba

  8. Bancamiga Banco Universal, C.A.

    Bank. Moved from next-to-last to fifth place in the national banking ranking under the brothers' management.

    Before
    41.5958% (Carmelo) and 0.0878% (Daniel)
    Change
    June 14 to September 11, 2024 Annex 3 Annex 4 Annex 5
    Passed to
    José Simón Elarba (89.79% of the capital in the end)
    Note
    See the Bancamiga page.

  9. Global Ticket, C.A.

    Administers employee benefit payments (meal vouchers) using debit cards.

    Before
    100% Annex 10
    Change
    June 20, 2024 Annex 11
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  10. QS Inversiones, C.A.

    Owns floors 19 and 20 of the TFC Tower, where Bancamiga's presidency is located.

    Before
    100%, through Corporación Villavita, C.A. Annex 18
    Change
    July 4, 2024 Annex 19
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  11. Servicios Inmobiliarios Positano, C.A.

    Owns floor 17 of the TFC Tower, where Bancamiga's senior management offices are located.

    Before
    100% Annex 16
    Change
    July 8, 2024 Annex 17
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  12. Inversiones Invervenca, C.A.

    Real estate company with twelve properties: floors 4 and 5 of the TFC Tower (SITCA's headquarters), nine Bancamiga branches in several states and a parking lot, plus 100% of Promotora Inmobiliaria Pacífico, C.A., owner of the Atlantic Tower in Los Palos Grandes.

    Before
    100%, through the Panamanian company All Companies, S.A. Annex 20
    Change
    July 8, 2024 Annex 21
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)
    Note
    The document states the sale was made by Alberto Antonio Camardiel Briones, until then a trusted associate of the brothers and a director of All Companies, S.A., without authority to do so.

  13. Compass Bank & Trust

    Bank subject to Dominica's banking regulations. Daniel De Grazia held 90.7% of the capital.

    Before
    90.7% (Daniel)
    Change
    July 9, 2024 Annex 7 Annex 42
    Passed to
    Velutini, through a simulated «sale»
    Note
    See the Compass Bank page.

  14. Multimall, C.A.

    Online commerce. Was building a «marketplace» with Bancamiga for the bank's customers.

    Before
    100% Annex 22
    Change
    July 15, 2024 Annex 23
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  15. Primu Capital, C.A.

    Loans to small and medium businesses through a trust funded with its own money and administered by Bancamiga.

    Before
    100% Annex 26
    Change
    July 15, 2024 Annex 27
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  16. Club TDC VIP, C.A.

    Financial intelligence. Set up a fund at Bancamiga with its own resources to issue special credit cards.

    Before
    100% Annex 28
    Change
    July 15, 2024 Annex 29
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  17. Propiedades Capcom 12, C.A.

    Owns a ground-floor commercial unit in the Kyra Tower, Francisco de Miranda Avenue, Chacao.

    Before
    100% Annex 24
    Change
    July 15, 2025 Annex 25
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  18. Inmobiliaria Los Ferrol, C.A.

    Owns a house and its land in Los Palos Grandes, Andrés Bello Avenue.

    Before
    100% Annex 30
    Change
    July 15, 2025 Annex 31
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)

  19. Machana, C.A.

    Owns a building in the Carabobo neighborhood of Valencia.

    Before
    100%, through Bienes Raíces La Redoma 231, C.A. Annex 32
    Change
    August 5, 2025 Annex 33
    Passed to
    Corporación de Tecnología Integral, C.A. (Manuel Flores Melo)
A note on the figuresThe document speaks of «14 companies» transferred to Flores Melo. Here, thirteen appear as transferred to his company and one, Smart Solutions & Systems, to him directly. The remaining three passed to Elarba's employees.

What follows summarizes the «Statement of Facts» submitted by the affected parties. Each claim refers to the annex that supports it where one exists.