Bitcoin pyramid schemes wreak havoc on Brazil s New Egypt stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
In hundreds of pages of documents obtained by The Associated Press, federal and state police and prosecutors accuse Glaidson Acácio dos Santos and his associates of running a sophisticated racket defrauding thousands of small-scale investors who believed they were getting rich off Bitcoin’s steep appreciation.