Premier League footballer loses £1m in crypto scam

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Updated March 20, 2023 | Published March 20, 2023

2 mins read

Nottingham Forest ace Scarpa lost the huge investment when investing in Xland.

Premier league footballer Gustavo Scarpa has lost nearly £1m in an apparent crypto scam.

The Nottingham Forest player invested in cryptocurrency platform Xland alongside fellow Brazilian footballers Mayke Rocha de Oliveira and Willian Bigode. The trio have lost a combined total of just over £4m.

Scarpa has missed recent Premier League fixtures and has been allowed to travel home to Brazil for court proceedings and reclaim his losses.

Scarpa said: “I’ve always seen stupid people fall victim to pyramid schemes and scams. Finding myself in a situation like that is horrible.”

Nottingham Forest manager Steve Cooper said: “Those things go hand in hand, of course. We want him settled in his mind and sorting out the situation. It’s an unfortunate situation and he’s got our full support with it. Hopefully, he can get it sorted out and then focus on his availability for us.”

Bigode reportedly persuaded Scarpa and Mayke to invest in Xland. However, Bigode has denied this after reportedly losing 17.5m reais, around £2.7m due to the crypto scam himself.

He said “I’m not a scammer, I didn’t take anyone’s money. I’m a victim, too, because I haven’t gotten my own money back to this day.”

Xland has denied operating a pyramid scam and claimed the failure of FTX was to blame for investor losses.

Nottingham Forest are currently in a Premier League relegation battle.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.
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