Cabo Frio, a seaside city of 230,000 people in Rio de Janeiro state, has been dubbed "New Egypt", due to a high number of alleged pyramid schemes defrauding thousands of small-scale investors who believed they were getting rich off Bitcoins steep appreciation. (Jan. 22)
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Cabo Frio, a seaside city of 230,000 people in Rio de Janeiro state, has been dubbed "New Egypt", due to a high number of alleged pyramid schemes defrauding thousands of small-scale investors who believed they were getting rich off Bitcoins steep appreciation. (Jan. 22) Subscribe for more Breaking News: http://smarturl.it/AssociatedPress Website: https://apnews.com Twitter: https://twitter.com/AP Facebook: https://facebook.com/APNews Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/7026c7db214e4f3e95b88236f8a84bee