Brazil: Police Shut Down $769m Crypto ‘Pyramid’ that ‘Drew in’ Celebs, Sports Stars
Source: mehaniq41/Adobe Brazilian police have swooped on an alleged crypto pyramid scheme that appears to have sucked in soccer players, a top model, and more to the tune of $769 million. Per Globo and UOL, police believe that an individual nicknamed the “Bitcoin Sheikh” (real name Francisley Valdevino da Silva) masterminded the project, which revolves around a company named Forcount and a token named Mindexcoin. Brazilian media outlets reported that the coin “has no market value” and is not listed on exchanges. Source: Federal Police Francisley was described as the “main target” of a major operation named Poyais, launched by the Federal Police, who appear to have been tipped off by disgruntled investors. Some 100 police officers conducted a total of 20 raids across the nation &ndash ; taking in states such as Santa Catarina, São Paolo, and Rio de Janeiro. Lawyers representing the alleged victims have claimed that Forcount a...