Alleged Bitcoin scam that raised $359M busted by Brazilian police

Channel:
United Kingdom Colin Boyd SEO
Subscribers:
4,100
Published on ● Video Link: https://www.youtube.com/watch?v=dTZKnHLi4z4


Duration: 2:42
14 views
0

Reported today on TheNextWeb

For the full article visit: https://thenextweb.com/hardfork/2019/12/10/bitcoin-investment-scam-brazil-police/

Alleged Bitcoin scam that raised $359M busted by Brazilian police

Police in Brazil have busted a purported Bitcoin investment scheme that allegedly stole $359 million (1.5 million reais) from victims.

According to a statement issued by the Paraná state government, state police shut down the unnamed operation and arrested nine people.

A four-month investigation revealed 500 people from across six states - Paraná, Bahia, Minas Gerais, Paraná, Maranhão, and Amapá - had fallen victim to the Bitcoin BTC investment scam, but it is estimated the figure could rise to 5,000 people.

"It became apparent that the operation was a scam when the victims received a message from the company, telling them that for six months the investors wouldn't be able to withdraw their funds," the statement reads.

The justification offered by the company was that it had fallen victim to a fraud of about $4.8 million (20 million reais). However, after six months, the scammers further delayed investors' withdrawals.

One of the victims said a suspect had promised daily returns of 3 or 4 percent on their investment.

Suspects are being



Other Videos By Colin Boyd SEO


2019-12-10North ending production of current Focals smart glasses to focus on Focals 2.0
2019-12-10Edison Mail’s new Mac email client is simple — and absolutely free
2019-12-10Bitcoin-hungry hackers broke their own decryption tool, analysts warn
2019-12-10US Special Operations is testing underwater bullets
2019-12-10Apple TV's Siri Remote gets a Swiss designed alternative
2019-12-10With over 10,000 units sold, score Parallels Desktop and 12 more Mac apps for under $50 today
2019-12-10There’s a new streaming competitor on the block: The Pirate Bay
2019-12-10Investors find a spot for $65 million in Passport’s parking management tech
2019-12-10Healthcare-focused venture firms are forming a best practices group for securing health data
2019-12-10New featurettes introduce The Witcher and its characters
2019-12-10Alleged Bitcoin scam that raised $359M busted by Brazilian police
2019-12-10The PC should have been dead by now, but somehow it's still alive and kicking
2019-12-10CHEAP: I can’t hear you because there’s $50 off the Bose 700 noise-canceling headphones
2019-12-10Last chance to save: Late registration to Disrupt Berlin 2019 ends tonight
2019-12-10Satoshi Nakaboto: ‘Bakkt launches monthly Bitcoin options and Bitcoin Cash settled futures’
2019-12-10You can finally buy the Mac Pro on December 10
2019-12-10Social media influencer gets 14-year sentence for plot to hijack domain name at gunpoint
2019-12-10Nvidia built an AI that creates 3D models from 2D images
2019-12-10Huawei still banking on Android, HarmonyOS phones still a year away
2019-12-10Google Maps’ new Incognito mode comes to iOS
2019-12-10Police arrest head of $2.7M Ugandan cryptocurrency scam