Czech entrepreneur Richard Watzke is trying to tempt small investors into putting their cash into his crypto company Xixoio. And he’s not about to let the alarm bells sounded by the authorities or claims that he’s a scam artist get in the way.
Instead, Watzke is doubling down, and has recruited a self-styled investment guru to partner Xixoio in a bid to prove all is above board.
Radovan Vavra had his patter prepared as he appeared at a press conference on February 16 to announce the newfound friendship. “The criticism that this is a Ponzi scheme is definitely invalid. If that were the case, it would be the most expensive Ponzi scheme in history,” Vavra told the assembled media.
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