[2][3] Armijos went into hiding for exactly a year, as the new Chief Justice, Héctor Romero Parducci, declared her innocent of the charges leveled against her in May 1998.

"[5] On March 11, Armijos and President Mahuad made the decision to declare a bank holiday that would freeze the deposits of everyone in Ecuador in response to the financial crisis then facing the country.

[6][7] This provoked the incineration of the alliance between the Social Christian Party and the ruling Democracia Popular party and calls were made to impeach Armijos,[8] with Víctor Hugo Sicouret raising a lawsuit over the holiday and Jaime Nebot requesting the Constitutional Congress place sanctions on Armijos.

[10] In July 2000, she and former president Jamil Mahuad were accused by Víctor Granda and Napoleón Gómez Real of violating the constitution and, days later,[11] had arrest warrants issued on them by the Supreme Court of Justice of Ecuador.

[13] In June 2006, Armijos and Mahuad had their charges lifted by the second chamber of the Supreme Court of Justice, who asserted that they did not have enough evidence to actually arrest them,[11] but they would disregard this decision and reopen the case in December 2012.