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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.

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: wqad.com
Bitcoin pyramid schemes wreak havoc on Brazil's 'New Egypt' - Vimarsana News

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 boutique seaside hotel in Rio de Janeiro state, where they busted two

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

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

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

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

Country's lenient laws regulating cryptocurrency helped fuel dos Santos' rise, experts say