Bitcoin Ponzi Scheme Mastermind Johann Steynberg Dies of Heart Attack Under House Arrest in Brazil

Johann Steynberg, known for orchestrating a notorious Bitcoin Ponzi scheme in South Africa, has passed away from a heart attack while under house arrest at a farm in Brazil. According to reports from his Brazilian wife, Steynberg died intestate, leaving behind no will and no assets that could be inventoried. His unexpected death marks a sudden end to a controversial chapter linked to massive financial deceit.

South African Police Probe Alleged Death of Bitcoin Scheme Architect Johann Steynberg

The South African police are investigating the alleged death of Johann Steynberg, the man behind a notorious Bitcoin Ponzi scheme in South Africa. Steynberg reportedly died in Brazil from pulmonary thromboembolism, a condition caused by blood clots, while under house arrest at a farm in Goiás state. Prior to his death, he was serving a mitigated jail sentence of three-and-a-half years and was awaiting an extradition hearing that would determine his future proceedings.

Despite the issuance of a death certificate, doubts have surfaced among some South Africans, fueled by social media speculation that Steynberg might have staged his own death. This skepticism is linked to a similar case involving Thabo Bester, a convicted murderer who famously faked his own death to escape from a South African prison.

• Key Points:
  • Steynberg’s death is under investigation amid suspicions.
  • He died under house arrest in Brazil, awaiting an extradition hearing.

Reports Highlight Deterioration in Steinberg’s Mental Health Prior to His Sudden Death

Steinberg’s mental health had been in severe decline, according to various media reports. Mybroadband disclosed that his condition worsened considerably, although the timeline of this escalation is unclear.

On April 15, following a panic attack, Steinberg’s lawyer, Thales Jayme, accompanied him to a clinic. Tragically, Steinberg passed away from a heart attack just a week later. After his death, it was reported that Steinberg left no will and his Brazilian widow confirmed he had no specific assets listed.

• Key Points:
  • Steinberg’s mental health deteriorated before his death.
  • He passed away from a heart attack a week after a clinic visit.