Edgar Adhemar Bacchiani
Edgar Adhemar Bacchiani, a 48-year-old financier from Catamarca, Argentina, was recently sentenced to nine years in prison for orchestrating a pyramid scheme that defrauded 50 investors, primarily public employees. Known as the 'God trader,' Bacchiani misled clients into trusting him with their savings, promising high returns that he never delivered, leading to significant financial losses for many individuals. His company, Adhemar Capital, was involved in unauthorized financial intermediation, money laundering, and organized crime.
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Edgar Bacchiani was sentenced to 9 years in prison for running a pyramid scheme that defrauded investors.
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