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AP News in Brief at 11:04 p.m. EST - Vimarsana News

AP News in Brief at 11:04 p.m. EST

Britain says Russia seeking to replace Ukraine government

Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt' - Vimarsana News

Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt'

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…

27,000 victims found in Brazil ponzi scheme - Vimarsana News

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.

Source: wthr.com
Bitcoin ponzi schemes wreak havoc on Brazil's 'New Egypt' - Vimarsana News

Bitcoin ponzi schemes wreak havoc on Brazil's 'New Egypt'

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."

AP News in Brief at 9:04 p.m. EST - Vimarsana News

AP News in Brief at 9:04 p.m. EST

Britain says Russia seeking to replace Ukraine government