Indeal is pyramid? Learn everything before investing

A ideal Investment consultancy in the financial market is a Brazilian company located in Rio Grande do Sul, specialized in invest in bitcoin, they offer up to 15% profit to their investors.

The proposal of Indeal cryptocurrencies attracted several investors around Brazil with its extremely high profit offer. However, it is nothing more than a company that specializes in carrying out “coups”.

Want to understand how Indeal worked? Check out our full article below.

How does Indeal Investimentos work?

Indeal Investimentos declares itself as an investment consultancy, offering 15% monthly profits based on cryptocurrencies such as Bitcoin. Its good strategy won several investors around Brazil in less than 1 year of its existence, the ideal went to almost all Brazilian states, leaving only Roraima out.

All the money raised by the company was to invest in bitcoins, however, Indeal made small investments in BTC. It did not present the amounts invested, they just said that it was not such a large and significant amount.

But do you know how cryptocurrencies work? Because it was using their name that Indeal was promoted. Below we explain everything!

What is Cryptocurrency?

Just as we evolved, money also evolved. Cryptocurrency is a digital currency, similar to cash, to help purchase goods and services used on the internet, but only in digital form.

Cryptocurrencies are not produced by the Central Bank of Brazil, but created by its users, stored in virtual wallets and protected by cryptography.

Its encrypted transactions do not need a bank intermediary, so people can transfer and make payments without third parties. Cryptocurrencies are free of control, but every transaction is recorded on the blockchain, the cryptocurrency ledger. O Bitcoin is the most famous cryptocurrency today, anyone who bought bitcoin knows that 1 BTC is worth more than 300 thousand reais, at the current exchange rate.

But, there are other famous cryptocurrencies like:

  • Ripple
  • Litecoin
  • Ethereum
  • Zcash

There are many cryptocurrencies to invest in, they are attractive because they value very quickly, many people unfortunately cannot understand or prefer to trust third parties to manage their crypto investment and that is how Indeal entered the market.

Indeal investment plan

The company offered a profit of 15% per month and ended up investing only 1% of the money raised. However, as an investment consultant operated without authorization from the Central Bank, in addition to not investing the money, Indeal profited from the entry of new investors.

Indeal Investimentos used marketing and the popularity of digital assets to create its “financial product” or rather, to capture large sums from its customers spread across Brazil. Investors' deposit was in BTC, but as we said, only a small amount of investors was invested.

Most of the money would be in fixed income, in addition, another part would go directly to the account of the partners or their wives. That is, they used the investors' money to squander a luxurious life, it was possible to see the owners buying luxury cars, apartments, mansions, jewelry, designer clothes and buying luxury real estate on social media.

Most of the owner partners lived in Novo Hamburgo, see a photo of them below:

partners of indeal - owner of ideal - indeal novo hamburgo,

Ideal Novo Hamburgo

A Indeal Investment Consultancy in the financial market is a Brazilian company located in Rio Grande do Sul, with its headquarters in Novo Hamburgo, the company has several arrest warrants with the Operation Egypt in which he investigated the company's role in the pyramid scheme.

With more than 1 billion reais, the company Indeal LTDA won over several investors throughout Brazil. Between 2018 and 2019, more than 700 million reais were found.

However, the company promised high profits in cryptocurrencies, so almost no purchases of BTC and transactions between cryptocurrencies were recorded. The vast majority of the company's income came from investments that yielded between 0,6% and 0,7% per month.

Is it financial pyramid?

Yes. You must be wondering where did the 700 million reais invested by Indeal go? It's quite simple, more than 500 million were invested in so-called conventional purchases.

Most of the money that came in was used for the personal assets of the company's partners, where partners with less than 1 year in the company had assets equivalent to 30 million reais. In addition, Indeal was not authorized by the Central Bank of Brazil to offer its financial services, nor by the CVM (Comissão de Valores Mobiliários). In other words, it was an illegal company. Therefore, all of Indeal's investment plans were a fraud.

ideal panel

ideal zero hour

The Indeal platform worked through a panel, simulating the control of Bitcoins.

To use it, it was enough to have a mobile device or computer, where you installed the digital wallet from the company you hired, creating an access key in the Indeal bitcoins control panel. This process was much like confirming an email, where you would pass your address on to other people to deposit bitcoins into their wallet.

The company Indeal paid its customers in the electronic wallet, to make the withdrawal it was necessary to access the control panel, where investors had access to the daily movement of their investments. The investor could cancel the account and request the redemption of the application whenever he wanted. For example, if you asked for a withdrawal within 5 working days, your money would be in the account.

But they were very contradictory in their operations through the site, as the customer only had to enter the cryptocurrency trading exchange site, and operations in Bitcoin could be carried out without intermediation from Indeal. Remember that it is possible to invest directly in cryptocurrency, just buy Bitcoin through a serious and safe brokerage.

That is, investments in BTC could really be made if the investor invested his money in the exchange and not in a fake website that would buy the cryptocurrency or trade.

Indeal consulting is fraud?

Yes, of course, and in addition to being a fraud, it has thousands of lawsuits! A Indeal Consulting is accused of operating one of the biggest scams using bitcoins in Brazil. The company is suspected of operating a pyramid scheme, in which many longtime customers have not received their invested money back.

Given Operation Egypto, the company was accused of a financial pyramid using virtual currencies. Promises of high yields were not fulfilled, even some Indeal cryptocurrencies were located in the United States. One of the company's customers, when checking his wallet for the last time, found that he had 12 coins, which are equivalent to R$ 4 billion reais.

However, the investor noted that the 12 thousand bitcoins would have been moved to other small accounts of the company Indeal, in which they used to hide small transactions to make it difficult to track the values, but the blockchain site allowed tracking them.

In addition, all transfers went to a wallet, which already exceeded the value of 4.400 bitcoins, that is, more than R$ 1.490.060.551,32 reais, this is the current quotation presented in April 2021.

What happened to the company?

With the closure of the company after the investigations, Indeal spoke out saying that it did not have money to pay customers. Upon entering their account, customers noted that they were blocked from withdrawing. Justice tried to recover the money but the investors' accounts were at zero.

Proving that Indeal is a fraud, the former investors are suing the company, as they only received the first payments. In fact, the money paid to old investors was the entry of new investors, we really had a real Ponzi scheme (also called pyramid scheme) set up at Indeal.

Indeal latest news

The latest news from the company Indeal is about its wallet in the United States, but one of the wallet users observed that Indeal's partners hid the money with trackers and discovered more than 3 million reais that the company stole from him.

With several lawsuits in the Brazilian courts, the property owners were auctioned. Justice found more bitcoins from the company, about R$ 135 million, and which today exceeded more than R$ 886 million that were trapped in Brazilian justice. Possibly Indeal customers are still waiting to get their money back.

Indeal Claim Here

Do you still have doubts that Indeal Consultoria de Investimentos is a fraudulent company? If you still have doubts, we show you below some of the complaints that appear about the company on the Reclame Aqui website.

  • In 2019, several purchases appeared in my wallet and it was said that I had no balance left.
  • As many people joined the company, I decided to join too, but I ended up being deceived.
  • Through a company consultant, I decided to invest my money in it, I invested in the company and a few months later I did not get any return.
  • I have already requested the redemption of my money several times and nothing, the site says it is offline, I have no information about my money.
  • Deadline expired, site down and redemption already requested, with no solution.
  • I looked on the website, nothing, I looked in my wallet, it already said that my money had been withdrawn, I have no solution so far.

Final considerations

As you can see these are reports from company associates Indeal Consultancy for Investments in the Financial Market, the vast majority had their money withdrawn by the company, not receiving any return so far.

We conclude that the company ideal it was a pyramid scheme. So always be very careful and don't be fooled by companies like Indeal. Here at Cryptoeconomia we are always on the lookout and we have already written several other reviews about pyramid schemes.