The AFIP (Federal Administration of Public Revenues, in Argentina) has denounced Vayo Business for an alleged pyramid scheme in the cryptocurrency market. The investigation was carried out after receiving several complaints from investors affected by the company.

Vayo Business, a cryptocurrency investment company, has been accused of misleading its clients by promising high returns in the short term. Investors were led to deposit large amounts of money, with the promise of profit in a short period of time. However, it was found that the company did not have the means to deliver on these promises and instead used money from new investors to pay old ones, generating a pyramid scam scheme.

The AFIP has taken legal action against Vayo Business and is working to recover the money lost by investors. Affected customers are being assisted to file complaints and receive legal advice. The cryptocurrency investing community is advised to be vigilant and take precautions when choosing an investment company, thoroughly researching their reputation and procedures before depositing their money.