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Bitcoin pyramid schemes wreak havoc on Brazil s New Egypt

In April, Brazil s federal police busted two men and a woman loading a chopper with 7 million reais - $1.3 million - in neatly packed bills

Cabo frioEstado do rioRio de janeiroUnited statesSri lankaUniversal churchUnited arab emiratesWesley pessanoDiaz zerpaPorsche panameraLuciano regisMirelis yoseline diaz zerpaCharles ponziInsolito boutique hotel in buziosG as consulting technologyAssociated press

Bitcoin pyramid schemes wreak havoc on Brazil s New Egypt - Netscape Money & Business

Bitcoin pyramid schemes wreak havoc on Brazil s New Egypt - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Cabo frioEstado do rioRio de janeiroUnited statesSri lankaUniversal churchUnited arab emiratesWesley pessanoDiaz zerpaPorsche panameraLuciano regisMirelis yoseline diaz zerpaCharles ponziInsolito boutique hotel in buziosG as consulting technologyAssociated press

27,000 victims found in Brazil ponzi scheme

After the initial scheme's success, copycat schemers started opening shop; cryptocurrency-related violence broke out in the streets.

Cabo frioEstado do rioRio de janeiroUnited statesSri lankaUniversal churchUnited arab emiratesWesley pessanoDiaz zerpaPorsche panameraLuciano regisMirelis yoseline diaz zerpaCharles ponziInsolito boutique hotel in buziosG as consulting technologyAssociated press

27,000 victims found in Brazil ponzi scheme

After the initial scheme's success, copycat schemers started opening shop; cryptocurrency-related violence broke out in the streets.

Cabo frioEstado do rioRio de janeiroUnited statesSri lankaUniversal churchUnited arab emiratesWesley pessanoDiaz zerpaPorsche panameraLuciano regisMirelis yoseline diaz zerpaCharles ponziInsolito boutique hotel in buziosG as consulting technologyAssociated press

Bitcoin Pyramid Schemes Erupt in Brazil (VIDEO)

Clients were promised a 10% monthly return on investments, but they did not own the bitcoins being purchased with their money.

Cabo frioEstado do rioRio de janeiroUnited statesSri lankaUniversal churchUnited arab emiratesWesley pessanoDiaz zerpaPorsche panameraLuciano regisMirelis yoseline diaz zerpaCharles ponziInsolito boutique hotel in buziosG as consulting technologyAssociated press

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