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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (7654)	6/16/2021 6:55:55 PM
From: Maurice Winn	Read Replies (4) \| Respond to of 13784

Have you checked what your green government banknotes can buy today compared with 20, 40, and 60 years ago? Mq

To: Elroy Jetson who wrote (7654)	6/25/2021 1:55:28 PM
From: elmatador	Respond to of 13784

Two brothers in South Africa have disappeared along with $3.6 billion worth of bitcoin that was housed on their cryptocurrency investment platform, according to a Cape Town law firm hired by investors to investigate the alleged heist. in April, as the price of bitcoin surged to an all-time high, Ameer, who serves as chief operating officer of Africrypt, sent an email to investors telling them that the company had been hacked. The firm said that its investigation found Africrypt’s pooled funds were transferred from its South African accounts and client wallets, and pooled with other bitcoin transactions in order to make them untraceable The alleged heist comes after another South African bitcoin trader, Mirror Trading International, collapsed last year. The losses included about $1.2 billion in cryptos, with some calling it the biggest cryptocurrency scam of 2020. https://nypost.com/2021/06/24/brothers-disappear-with-3-6b-in-bitcoin-in-alleged-heist/ You are right Elroy... South Africa Bitcoin ‘Ponzi’ Scheme Out of Regulator's Reach Johannesburg-based Africrypt launched in 2019 and was run by South African brothers Ameer and Raees Cajee. They promised a minimum return of five times the amount invested, according to a police statement by one investor seen by Bloomberg. In the end, he invested close to 1.8 million rand ($126,000), the statement said. Lawyers acting on behalf of a group of clients say the brothers and Bitcoin worth as much as $3.6 billion have gone missing. Calls to the brothers’ cell phones were immediately directed to a voicemail service. The company website is down. The matter has been reported to the Hawks, a unit of South Africa’s police force, for investigation, a representative said by email. It has not yet determined where the case would be prosecuted, the representative said. The FSCA has taken steps to have crypto assets declared financial products as theft related to crypto assets pile up in South Africa. “The authority is concerned over the large number of scams being perpetrated by persons purporting to provide the crypto asset to the public,” it said. “The public must be aware of the very large number of unscrupulous players in this sector.