The card that represents the past is The Chariot reversed. This card tells us that Frederick acted recklessly or irresponsibly in the past, which led to a number of problems. This may have challenged trust in him, because he has proven not to be trustworthy enough. The lesson from the past may be that Federico cannot be trusted when it comes to investments, as he has not proven himself trustworthy.
The card that represents the present is The Sun. This card indicates that Federico has learned from his mistakes in the past and is now doing his best to show responsibility and reliability. You may need to give him some time, but if he can demonstrate responsibility and reliability then you may decide to trust him for this investment.
The card that represents the future is Two of Pentacles. This card suggests that, although he has learned from his mistakes in the past, Frederick will still be cautious in the future. This means that he may be ready to make more prudent decisions, but that does not necessarily mean that he will be ready to trust Federico with this investment.
In conclusion, the papers suggest that it may be possible to trust Federico for this investment, but it will be some time before we can say with certainty whether it will be the right choice. If Federico manages to demonstrate responsibility and reliability, then the answer to the question becomes "yes", but at the moment we have to wait before being able to give a definitive judgement.