THE BM4 Financea cryptocurrency company that promised daily income and was promoted by several SBT artists disappeared from the map, leaving customers desperate with the situation.
In a highly volatile market that has fallen in recent months, cryptocurrencies do not promise profitability, yet scam companies use the image of digital assets to promise profits and deceive their victims.
The common practice of financial pyramids continues to spark investor curiosity, even after frequent warnings about scams.
Possible Pyramid Says It Knocked Out Competitors Like Unick Forex
In an ad linked to its social networks in recent months, BM4 Finanças told customers it had been on the market for 17 years, although cryptocurrencies are only 13 years old.
The company claimed to be able to make daily money from customer investments and promised profits of 2.23% per day.
Going further, the company claimed to operate in the cryptocurrency market and “aggressive forex”, boasting that it was one of the most important infrastructures in the world, and said it even had a partnership with Google.
“BM4 Finanças is one of the leading infrastructure companies in the financial market in the world, active in arbitrage, correction and [sic] and “cryptocurrencies”, also counting on operations in the ‘Aggressive Forex market with a publicly traded company.’”says the company’s website.
In addition possible financial pyramid BM4 Finance compared to other scams already implemented in Brazil, such as Unick Forex, Data Ai and Speed Invest.
“Unick went down. Speed Invest also went bankrupt. Data Ai went downhill. But BM4 Finanças is not shocked. The competition cannot withstand the impact of the BM4, the competition shouts.”
The curious thing is that BM4 only cites financial pyramids as competitors, almost shouting out loud that it is also a pyramid scheme.
For example, Unick Forex was shut down not by competition, but by Federal Police Operation Lamanai in 2019.
SBT Artists Promoted BM4 Finanças
In addition to the promises of steady revenue, attention was drawn to the fact that the company was promoted by several Brazilian Television Artistswhich gave the scheme legitimacy and may have helped persuade customers to lose money.
Among the artists who promoted BM4 Finanças are Xaropinho (Programa do Ratinho), Mágico Ossamá Sato (A Praça é Nossa), Ramon Costa (Cavaleiros do Forró), Flávia Monteiro, Milene Pavorô (Programa do Ratinho), “Comandante Durão (A Praça é Nossa) and several others.
In addition to the SBT artists, BM4 also had Finanças as a poster boy Givaldo Alvesoa former homeless man who rose to fame when a video of him having sex in a car went viral.
In the videos recorded by the artists, they ask people to “run” to invest in BM4, stating that the company is regulated and there is no other like it.
“I have come to invite you, who has not yet invested in BM4 Finanças, to run there and register. The company is just fantastic and regulated in Brazil, there is no other company like this.”
Website down and customers not received, the end of BM4 Finance was warned by youtuber about the collapse
A few weeks ago, YouTuber Rogério Betin, known for denouncing scams and financial pyramids in Brazil, issued a warning against BM4 Finanças.
He tried to talk to the owners of the company, who blocked him from contact and did not respond to questions about how the company worked.
Youtuber Rogério Betin said that many clients of the scam have already looked up to him, some even after watching his videos, which helped them not to fall into the plan that claimed to have Liberty Seguros as guarantor, but which turned out to be a fake. . fact.
After the site was taken down and disappeared with investors’ money, BM4 Finanças also deleted all of its social networks to avoid further consequences.
Customers are now trying to find information about the whereabouts of those responsible for the business. O live coins has contacted BM4 Finanças, but has not received a response until the closure of the case, the space remains open for demonstrations.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
