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Bitcoin pyramid schemes wreak havoc on Brazil's 'N…

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Horace 23-07-15 06:41 view5 Comment0

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At times the advanced feature integrations.






A view of the luxury condominium where former waiter-turned-multimillionaire Glaidson Acacio dos Santos had a home in Cabo Frio, Brazil, Wednesday, Dec.

15, 2021. Dos Santos, the founder of G.A.S Consulting & Technology, a cryptocurrency investment firm, is the central figure in what is alleged to be one of Brazil's biggest-ever pyramid schemes. Dos Santos, the founder of G.A.S Consulting & Technology, a cryptocurrency investment firm, is the central figure in what is alleged to be one of Brazil's biggest-ever pyramid schemes. (AP Photo/Bruna Prado)" class="blkBorder img-share" style="max-width:100%" />









Gilson Silva do Carmo, an alleged victim of the G.A.S Consulting & Technology, a cryptocurrency investment firm, walks off after an interview in Iguaba Grande, Brazil, Wednesday, Dec.

15, 2021. Do Carmo watched in horror as the seizures and arrests unfolded; he had invested the rest of his savings in the company just weeks earlier.

(AP Photo/Bruna Prado)

Federal and state police and prosecutors accuse the firm of running a sophisticated racket defrauding thousands of small-scale investors who believed they were getting rich off bitcoin's steep appreciation. Do Carmo watched in horror as the seizures and arrests unfolded; he had invested the rest of his savings in the company just weeks earlier. Do Carmo watched in horror as the seizures and arrests unfolded; he had invested the rest of his savings in the company just weeks earlier. Federal and state police and prosecutors accuse the firm of running a sophisticated racket defrauding thousands of small-scale investors who believed they were getting rich off bitcoin's steep appreciation.

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