Bitcoin company owner arrested in RJ accused of operating pyramid | finance

The owner of the alleged investment company in digital assets GAS Consultoria Bitcoin, Glaidson Acácio dos Santos, was arrested on Wednesday (25) by the Federal Police (PF), accused of being responsible for a financial pyramid scheme involving digital currency. The suspect was detained this morning during Operation Kryptos. According to authorities, he would have turned billions with the fraud over the years.

Man arrested accused of operating bitcoin pyramid scheme in RJ (Image: Bermix Studio/Unsplash)

PF operation seizes even gold bars

Glaidson was found in the West Zone of Rio de Janeiro. A task force invaded his mansion in Itanhangá and seized reais, dollars and euros there. Even gold bars were among his fortune. As found the Good morning Rio, the PF agents responsible for the action were surprised by the amount of money found at the site, claiming that not even the Lava-Jato usually confiscates such a fortune.

In total, the police were sent to serve nine arrest warrants and fifteen search and seizure warrants in the states of Rio de Janeiro, Ceará and the Federal District. In addition to the owner of GAS Consultoria Bitcoin, another man was also arrested trying to flee to Punta Cana, Dominican Republic, through Guarulhos Airport, in São Paulo.

Federal Police (Image: André Gustavo Stumpf/Flickr)
Federal Police (Image: André Gustavo Stumpf/Flickr)

The bitcoin pyramid scheme has been under investigation for two years. Even last Sunday’s Fantástico told the story of GAS, which posed as an investment consultancy in cryptocurrencies. The company promised profits of 10% to 15% per month when trading the digital asset, which in itself is suspect given the enormous volatility of the cryptocurrency.

Pyramid scheme moved billions

In this type of financial fraud, also called Ponzi schemes, scammers keep a stream of investors coming in and putting in more money to pay older members. So, in order for new people to start getting something, they must attract more people to the scheme. However, this is obviously an unsustainable model that eventually collapses and few people at the top come out in profit while most participants lose all their money.

The PF task force also discovered that Glaidson did not even invest his clients’ money in bitcoin and apparently pocketed the entire amount, which reached billions of reais over the years, according to agents.

Most of the victims of GAS Consultoria’s pyramid scheme are from the Rio de Janeiro Lakes Region and Cabos Frio, places that even earned the nickname “New Egypt”, as revealed by Fantástico, due to the number of similar scams that operate there.

The PF also informed that the entire scheme had several companies involved and had operated for at least six years. However, about 50% of all financial movement of the scheme took place in the last 12 months.

Police investigate other cryptocurrency pyramid schemes in Riod and Janeiro (Image: Executium/Unsplash)
Police investigate other cryptocurrency pyramid schemes in Riod and Janeiro (Image: Executium/Unsplash)

GAS Consultoria denies investing in cryptocurrencies

Initially, when he testified to the police, Glaidson said that he did not trade in cryptocurrencies and that his company was in the field of artificial intelligence, information technology and software production. However, GAS didn’t even have a website or social media profiles. The company’s phone available at the IRS also didn’t work. But the positioning for customers differed, stating that the group had experience in the cryptoactive market and had been in the business for nine years.

Glaidson’s defense sent a note to Fantástico, in which it said it was available to the authorities for any clarification: “GAS de Glaidson Acácio, which operates in the field of technology and financial consultancy in cryptocurrencies, does not condone illegalities and values ​​the legality of all its operations”, declared the suspect’s lawyer, Thiago Minagé.

With information: G1

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