Brazil: $193 Million ‘Crypto Pyramid’ Firm Declared Bankrupt
Indeal, the Brazilian company behind a suspected crypto pyramid scheme worth some $193 million, has declared bankruptcy. The firm was at the heart of a major police operation back in May 2019. The police dubbed their ope...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The firm was at the heart of a major police operation back in May 2019. The police dubbed their operation Operation Egypt and worked in conjunction with the nation’s tax agency to arrest several Indeal-linked individuals. Officers searched 25 addresses and confisctaed items including precious stones and luxury cars....
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