Primo Rico claims to have been scammed by banks after visits to branches

Influencer Thiago Nigro, known as Primo Rico, claimed that when he created his YouTube channel, he had no intention of talking about Bitcoin or stocks on the exchange, saying he was tricked by some banks after visiting agencies on look for investment.

Nigro claimed that he visited the “banks” looking for a BRL 1,000.00 investment in a private pension and left without paying any contributions.

That’s because when he got to know the products of the banks, he was indignant about the possibilities. Several fixed income products offered by managers in the branches visited offered options that did not even exceed the CDI, the reference index for fixed income investors.

In addition, Primo reminded Rico that all products offered contain various additional conditions that harm investors. The influencer stated that investments offered in bank branches waste the wealth of many families who do not understand the risks of applications and the conditions offered.

Primo Rico said bank executives tried to trick him with bad investments

To simulate investments in major banks in Brazil, Thiago Nigro devoted part of his routine to visiting branches and talking directly to managers.

When he visited the banks, whose names he did not reveal, Primo Rico left without investing, but with ‘dark’ investment simulations. As the influencer presented, the manager offered an investment portfolio of products with high management fees and low returns, far below the CDI in recent years.

At another agency, he not only pointed out that he was given an even worse investment proposal, but that he was treated badly by the manager, who did not help or assist him.

According to the influencer, the situation puts at risk the assets of thousands of Brazilians who have billions of reais worth of poor quality products.

In addition, he stated that many do not pay attention to management fees, which further erode potential returns. Finally, while “investors” leave their money behind in potential “legal scams,” banks make billions in profits every year.

Is Bitcoin a Good Retirement Plan?

Considering its appreciation in recent years, bitcoin is a digital currency that is considered by some to be a good retirement option.

Investors interested in the digital currency should study the fundamentals and understand that the technology is still new and subject to market volatility.

Still, bitcoin is emerging as a more accessible option than traditional investment banking applications, which yield negative returns and high investment terms.