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

25, alerted that dos Santos was planning to flee Brazil, federal police raided more than a dozen locations linked to G.A.S., including dos Santos’ home where he was found with 13.8 million reais ($2.5 million) and taken into custody.

Agents also found hard drives containing 10 times that amount in Bitcoin, gold bars, jewelry and several sports cars, including a white Porsche Panamera and an electric blue BMW Z4 convertible.

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 men and a woman loading a chopper with 7 million reais ($1.3 million) in neatly packed bills.

victims, with operations in at least 13 Brazilian states and seven other countries, including the U.S., United Arab Emirates, the U.K.

and Portugal. Prosecutors have identified at least 27,000 G.A.S.

This trading fee is fixed by the exchange owner. Whenever a user makes a transaction or trades digital assets in the platform, disregarding the type of trading they utilize, a particular amount of fees in the name of trading fees is obtained from the users.

Be it trading of crypto to crypto, or crypto to fiat, the trading fees are applicable for every trade or transaction held on the platform.

G.A.S Consulting & Technology, a cryptocurrency investment firm founded by Glaidson Acacio 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, was based in the beach town dos Santos called home. G.A.S Consulting & Technology, a cryptocurrency investment firm founded by Glaidson Acacio 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, was based in the beach town dos Santos called home.

(AP Photo/Bruna Prado)

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Beachgoers congregate on Fort Beach in Cabo Frio, Brazil, Wednesday, Dec.

15, 2021. (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, 币安交易手续费 a cryptocurrency investment firm, walks off after an interview in Iguaba Grande, Brazil, Wednesday, Dec.

15, 2021.