With a soothing score and the big board of Latin America’s biggest stock exchange blinking in the background, the online advertisement by 4TBank promises to reduce economic inequality by making financial markets more accessible. Driving home the message, the camera follows Matie Obam, the chief executive officer of Brazil’s “first CryptoBank,” as she touts the company’s mission while strolling through São Paulo’s financial district.
“We came to eliminate abusive fees that are suffocating us,” Obam, now 24, says in that 2021 video. “We were born to help you.”
Brazilian authorities say they uncovered something far more nefarious. Police say ...
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