Massive Bitcoin Ponzi Scheme Just Collapsed in Brazil - Don't get caught like this

Investor Alert: Watch out for employers or investors being seduced into investing in Bitcoin. This AP article describes the collapse of a Bitcoin investment Ponzi Pyramid Scheme in Brazil, losing millions of customer investments. One way the organizer, a former waiter, grew the firm was finding "friends and family" members to invest from religious groups. The same tactic can be used via Chambers of Commerce, etc., enticing corporate or individual investors to follow their peers into the scheme. If you don't know what a Ponzi scheme is, research it! Individuals lost retirement funds, but what if some pension funds also invested to get a "guaranteed" investment return??? Employees should ask their Treasurers if they do any investment in Bitcoin and investigate it for risks. Read more →