Despite the long list of charges he faces, Glaidson Acácio dos Santos a former waiter-turned-multimillionaire who is the central figure in what is alleged to be one of Brazil’s biggest-ever pyramid schemes represents an unlikely hero to his fervent supporters. Many view him as a modest Black man whose unorthodox Bitcoin business…
With so many alleged pyramid schemes, Cabo Frio came to be known as the "New Egypt." And as the town's top dog, dos Santos was dubbed the "Bitcoin Pharaoh."