RJ Police Arrest Owner of JJ Invest, Suspected of Operating a Financial Pyramid | Rio de Janeiro

Jonas Jaimovick, was arrested in Barra da Tijuca, in the West Zone, early in the morning. According to the police, the loss of investors is estimated to be around 170 million reais.

It is estimated that more than 3,000 victims have suffered damages throughout the country, and some people lost more than R $ 1 million.

JJ INVEST became known on the national scene after sponsoring soccer teams. Some artists and former players also invested in the pyramid and lost a lot of money.

In addition to Jonas, seven other people were charged on suspicion of profiting from the financial pyramid.

To increase the client base, the suspects offered investors a profit of 10% to 15% per month. Jonas still responds, in Rio de Janeiro alone, to another 30 inquiries.

There are also lawsuits against Jonas in São Paulo, Maranhão, Recife and Ceará, and civil lawsuits seeking compensation from Jonas himself and JJ Invest.

What is the pyramid scheme

The pyramid scheme, also known as a Ponzi scheme, relies on hiring other people, regardless of the product or service offered.

The profit does not come from sales, but from the fees paid by those who enter the system, with the new members paying the old ones.

At one point, the business becomes unsustainable, as it is mathematically impossible to attract enough participants to pay for the top of the chain. Those who entered last ended up injured and lost the resources invested. The crime is provided for by law.

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