Trading with 15% compound interest per week—this is awesome.

Brazil still suffers from too little hardship. Brazilian Huascar Jose Lopez Castillo’s Cash FX told the outside world that you hand the money to professional traders, and proprietary algorithms and AI trade forex. Up to 15% per week, and they raised more than $950 million by recruiting people through multiple levels.

On September 25, the U.S. CFTC sued, saying it didn’t execute any trades at all. Instead, it used the newcomers’ money to pay returns to the older investors, then sent everyone fake account statements. Each defendant allegedly received millions of dollars.

15% weekly compounded for a year is about 14.33 times—i.e., $100 turns into about $143,000. Is this for real? You do the math and see what that would be.

The people who invested this time collectively lost about $406 million. $BTC