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Bitcoin pyramid schemes wreak havoc on Brazil s New Egypt

CABO FRIO, Brazil (AP) In April, Brazil’s federal police stormed the helipad of a seaside hotel in Rio de Janeiro state, where they 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 statesUniversal churchUnited arab emiratesWesley pessanoDiaz zerpaLuciano regisMirelis yoseline diaz zerpaInsolito boutique hotelG as consulting technologyAssociated pressBitcoin based ponziGilson silvaLatin america

Bitcoin pyramid schemes wreak havoc on Brazil s New Egypt

Bitcoin pyramid schemes wreak havoc on Brazil s New Egypt

Cabo frioEstado do rioRio de janeiroUnited statesJose bonifacioSri lankaUniversal churchSao pedro da aldeiaUnited arab emiratesIguaba grandeLuciano regisWesley pessanoDiaz zerpaPorsche panameraCharles ponziMirelis yoseline diaz zerpa

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

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

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