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It happened in Brazil recently, where one company created a fake cryptocurrency and used it on its Ponzi scheme. source: https://translate.google.com/translate
by fmeyer 9y ago
It happened in Brazil recently, where one company created a fake cryptocurrency and used it on its Ponzi scheme.
source: https://translate.google.com/translate?hl=en&sl=pt&tl=en&u=https%3A%2F%2Fcanaltech.com.br%2Fmercado%2Fesquema-de-piramide-movimentou-r-250-milhoes-usando-criptomoeda-falsa-no-brasil-100928%2F https://translate.google.com/translate?hl=en&sl=pt&tl=en&u=h...
- SippinLean 9y agoIt specifically says that it was a multilevel marketing/pyramid scheme, not a Ponzi scheme.
- ravishi 9y agoAlthough I don't know the specifics of the scheme, it seemed like a pyramid scheme while it was running, but turned out to be a ponzi scheme when it went down. I would bet the people reporting don't know the difference between the two. I didn't until now.