Jan. 28, 2022
Beat of the Week
(Honorable Mention)
All-formats team reveals Brazil’s alleged Bitcoin pyramid schemes
traveled to Cabo Frio, a tourist city a couple hours north of Rio de Janeiro which has been wracked with problems and violence following a surge of Bitcoin pyramid schemes. Reporting in all formats, their trip followed Brazil’s federal police bust last April of three people loading a chopper with $1.3 million in neatly packed bills.Brazil-based text stringer Jeantet obtained hundreds of police and prosecutors’ reports regarding the alleged pyramid scheme run by the town’s top dog, Glaidson dos Santos. She sorted through the reports, crafting a gripping narrative of the man's rise to power and fortune, and his eventual imprisonment. But she also discovered the story was more complex, with many of dos Santos’ former clients swearing that he was being wrongly accused for having the audacity to beat a rigged financial system at its own game.Such nuance gave the reader an inside look at why Bitcoin has become hugely popular in Brazil. Senior cameraman Lobão delivered video footage produced by Tatiana Pollastri, and photo freelancer Prado made the stills. The text story was published in English, Spanish and Portuguese, picked up by publications from USA Today to The Times of India.https://aplink.news/j5xhttps://aplink.video/5s2