A marketing video from top earner Wayne Nash reveals the Paraiba Ponzi scheme is closing in on half a billion.

A large percentage of that appears to have been sourced from US investors.

Paraiba is a simple enough Ponzi scheme.

You invest up to $49,000 in bitcoin, you get 0.3% a day. You invest $50,000, you get 0.5% a day.

Paraiba solicits investment in and pays out returns in bitcoin. This takes place through the company’s internal exchange, Unique Exchange (“unique-exchange.co”).

Paraiba pretends it generates ROI revenue via cryptocurrency trading. In violation of securities law in every jurisdiction it solicits investment in, Paraiba World has never provided audited financial reports to regulators or investors.

Because of this Paraiba has no verifiable source of external revenue. This is by design, as all Paraiba does is recycle invested funds to pay returns.

Attached to Paraiba’s fraudulent investment is a recruitment driven compensation plan. Without constant new recruitment, Paraiba collapses.

On January 19th Wayne Nash held a Paraiba marketing webinar.

In the webinar Nash used his Paraiba backoffice earnings to pitch the Ponzi scheme to new recruits.

As at January 19th, Paraiba has 432,248 investor accounts. Nash himself oversees 219 accounts.

Investing across multiple accounts is a feature Paraiba provides to new recruits.

Nash signed up and invested in Paraiba in April 2020.

$100 on April 22nd

$900 on April 24th

$3550 on May 25th

This makes Nash one of Paraiba’s earliest investors.

Since joining Paraiba, Nash has personally recruited eighty-seven investors. Together they have deposited $458,744.

I had one guy, he wanted to put in a million.

We just told him, just put in $500,000 to start and test it out. (laughs)

In addition to his own recruitment, Nash sits atop a downline of 7402 investors.

Having invested $4550 of his own money, Nash’s presented data shows total withdrawals of $525,978 (click to enlarge both screenshots):

Nash claims his total withdrawals have since exceeded $600,000.

I’ve made $698,000 but I’ve only rolled back (reinvested) $50K of that, not even.

I would say I’ve pulled out over $600,000, into my own wallet under my own control. And compounded in about $50,000.

As of January 2022, Nash is withdrawing over $6500 a day out of Paraiba.

Nash claims his uplines are withdrawing hundreds of thousands of dollars in bitcoin a month.

My sponsor is making $175,000 a month. His sponsor is making about $275,000 a month.

Company-wide, since Nash joined Paraiba the Ponzi scheme has taken in $407,239,660.

Nash claims he’s seen the company-wide investment total, and it’s about ten million more than his own backoffice value. This would come to about $417 million.

Nash states Paraiba is currently taking in around $30 million in bitcoin a month.

At that rate, Paraiba will become a half billion dollar Ponzi scheme by the end of April.

Paraiba is run by former OneCoin scammer and German national Erich Ely (

🤖 Quick Answer

What is the Paraiba Ponzi scheme and how does it operate?
Paraiba is a fraudulent investment scheme offering daily returns of 0.3% to 0.5% depending on investment amount, paid in bitcoin through its internal exchange Unique Exchange. The scheme generates no verifiable external revenue despite claiming to derive profits from cryptocurrency trading activities.

Who is Wayne Nash and what role does he play in Paraiba?
Wayne Nash is identified as a top earner and prominent promoter of Paraiba, having created marketing videos promoting the scheme. His visibility indicates significant involvement in soliciting investments from US-based participants in the fraudulent operation.

What regulatory violations has Paraiba committed?
Paraiba operates in violation of securities law across all jurisdictions where it solicits investment by failing to provide audited financial reports to regulators or investors. The scheme lacks legitimate business documentation and transparent financial accountability required by law

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