Francisco Guerra of the Global Special Effects is reported to be arrested. Let us learn about the details of Francisco’s arrest.
Federal agents raided Lexington’s business. During the raid, the agents’ chairman of Global Special Effects, Fransisco Guerra, was taken under custody. We will learn on details about the arrest soon.
Global Special Effects was formally known as Snowmasters Inc. It is a special effects company headquartered in Lexington, Alabama. It was founded in 1992 by Francisco Guerra. The company specializes in artificial snow, cryo, smoke, bubble, and fog machines. The company’s product has been used in various music videos such as “Back to December” by Taylor Swift and “Mistletoe” by Justin Bieber. Not only in music videos, but it has been used on film productions such as Harry Potter and Lucky. It is also popular on television shows and has been in the shows such as Fear Factor and Walt Disney Parks and Resorts.
Francisco is a Cuban native. He emigrated to the United States as a child at five years old, along with his parents.
Francisco Guerra of Global Special Effects- Why Was He Arrested?
As mentioned earlier, Francisco Guerra was arrested by federal agents after raiding his business. He was taken into law enforcement custody and transported to Huntsville for processing.
The exact fault found in the investigation is unknown as of now. He was taken to custody on 22 September 2021. Fransisco is the chairman of Global Special Effect.
According to his Linkedin profile, he is also CEO of the other company, Guerra holdings, since 2010. Meanwhile, he founded the Global Special Effects in 1992, which was formally named Snowmasters.
Francisco Guerra Net Worth Revealed
The net worth of Francisco Guerra is assumed to be in the millions. He is a multimillionaire.
The networth of Fransisco is assumed to be above $80 million. However, the exact figure is unknown as of now.
He works in various companies besides Global Special effects and Guerra holdings. His Linkedin profile mentions that he works as the author and chairman of LMP, Inc.
He is also chairman of Global home since 2011 and co-owner of Medical housing solution since 2015. The multi-talented businessman keeps himself busy and involved in all the companies. As he is a stakeholder of various companies, he makes money from there.
Many people do not know it, but he was a former magician.
He got his master’s degree on MBA from Nova Southeastern University. He graduated with his master’s in 2002. Before that, he studied and graduated from Beijing University of Technology in BS from 2003 to 2008.
Details On Francisco Guerra Fraud Case
Francisco was arrested on the fraud case.
However, the actual fraud that has been investigated is not out yet. The details are still under confidence. We will update the details soon.
The sudden arrest of the multimillionaire businessman has made headlines all over the media.
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