In Mendoza, Argentina, law enforcement agencies launched an investigation against sports-related investment websites, believing that this may be a Bitcoin scam. During the investigation, the authorities are investigating whether they are involved in money laundering and tax evasion.

The platform claims to invest customer funds for football betting

According to Claren, the prosecutor Javier Giaroli from the San Rafael Public Department led the investigation of Ganancias Deportivas. Local authorities have been interviewing several alleged victims to determine whether this is a Ponzi scheme.

According to the survey results, Ganancias Deportivas attracted more than 41,000 residents from Mendoza province, of which 30,000 lived in San Rafael.

The platform is said to be located in Costa Rica, and the investment plan provided can guarantee a high return of 20% per month and 240% per year.

However, they require a one-time payment of 100 euros to join the site, and if each member can recommend others to visit the platform, each new customer who registers can get 20 euros.

Investment options range from 60 Euros to 10,000 Euros. People can deposit in Bitcoin (BTC) to participate in the platform.

The site promotes itself as an “online company”, which specializes in investing in sports betting, especially football. They claim to have “expert analysts with ten years of experience” and they will bet on “large international leagues and tournaments”, especially European football matches.

The local prosecutor testifies at the request of the prosecutor

One of Ganancias Deportivas’s requirements is that users cannot withdraw their initial investment within six months. However, some users reject the claim that Ganancias Deportivas is a scam.

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Despite this, investigators in the Office of the Economic Crimes Prosecutor are still concerned about the “excessive” returns provided by Ganancias Deportivas. In addition, the prosecutors believe this is contradictory, because “online companies” are raising funds to invest in so-called sports betting.

Prosecutor Giaroli told Clarin that they had sent a report request abroad because although the company is said to be based in Costa Rica, it was established in Spain.

In addition, he called a former cell phone seller in San Rafael, who is actively promoting business in the city to testify. The sponsor claims to have documents supporting Ganancias Deportivas’ funding source.

As of press time, since the investigation is still ongoing, there are no detainees and no arrests. In addition, the site was blocked in Colombia because local authorities listed it as an illegal gambling site.

What do you think of the suspected Bitcoin scam in sports betting? Let us know in the comments section below.

Tags in this story

Argentina, Argentine cryptocurrency, Bitcoin Ponzi scheme, Bitcoin scam, Costa Rica, Canancias de Porttivas, Javier Jaroli, Latin America, Mendoza, Ponzi scheme, prosecutors, Football, football betting

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