Police in Brazil revealed $210 mln crypro pyramid scam

[mlawson71]

The Brazilian police have arrested 10 individuals in connection to a crypro pyramid scam that has defrauded Brazilian investors with over 850 million Brazilian Reals or roughly 210 million USD.

The arrests were made after a massive police operation, involving the tax authorities.

In the focuse of the police investigation are 13 people and 5 legal entities in connection to the fraudulent scheme, called “Indeal”.

More then 55 000 investors have fallen victims to the scam, after they were promised a 15% monthly payout.

 

[Nobert]

15% monthly payout.

 

[mlawson71]

I know right? I can't believe people fall for this.

 

[Nobert]

I know right? I can't believe people fall for this.

Must be the guys, from the same network circle, that started, No Scam Unlimited Capital Trust Inc.

They fall for this, imho , because :

Then there are those, with higher cognitive ability , yet they fall for greed of fomo.

 

[Zithiel89]

15% monthly payout is not that big thing for everyone else. I even think you really can seen people who promised something like few percents a day of growth really. So I do not understand all these things. How does that sounds to you really ? It's closed as well.

 

[Nobert]

15% monthly payout is not that big thing for everyone else.

Privet/Hello Z,

the topic, is about - simple, ordinary people, so :

,, The average stock market return is 10%

The S&P 500 index comprises about 500 of America’s largest publicly traded companies and is considered the benchmark measure for annual returns. When investors say “the market,” they mean the S&P 500.


Measured by the S&P 500 index, stocks return an average of about 10% annually over time.


Keep in mind: The market’s long-term average of 10% is only the “headline” rate: You’ll lose purchasing power of 2% to 3% every year due to inflation, which puts the market’s average inflation-adjusted return at about 7% to 8% annually. ''

Source :

https://www.nerdwallet.com/blog/investing/average-stock-market-return/

Pazalsta/please, read it next, if you want to get the basics of theory :

https://www.investopedia.com


Don't let, the Dark Lords of this forum, to consume you, get the infromation

Spasibo/thanks Zithiel.