April 1, 2025

Ponzi and Pyramid Schemes

Crypto

How a Crypto Craze Swept An Argentine Town

At a backyard barbecue in San Pedro, Argentina, last May, Rafael Flaiman spotted a friend wearing a light blue blazer that looked a little too snazzy for the occasion. He needled the guy a bit. What’s with the jacket? Mr. Flaiman asked. “La China pays,” the friend replied, with a triumphant smile. La China? Mr.

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