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Economy

Air Next: How A Crypto Scam Collapsed On A Single Spelling Mistake

It is today a proven fraud, nailed by the French stock market watchdog: Air Next resorted to a full range of dubious practices to raise money for a blockchain-powered e-commerce app. But the simplest of errors exposed the scam and limited the damage to investors. A cautionary tale for the crypto economy.

Black-and-white photo of a person sitting in an empty airport

Sky is the crypto limit

Laurence Boisseau

PARIS — Air Next promised to use blockchain technology to revolutionize passenger transport. Should we have read something into its name? In fact, the company was talking a lot of hot air from the start. Air Next turned out to be a scam, with a fake website, false identities, fake criminal records, counterfeited bank certificates, aggressive marketing … real crooks. Thirty-five employees recruited over the summer ranked among its victims, not to mention the few investors who put money in the business.

Maud (not her real name) had always dreamed of working in a start-up. In July, she spotted an ad on Linkedin and was interviewed by videoconference — hardly unusual in the era of COVID and teleworking. She was hired very quickly and signed a permanent work contract. She resigned from her old job, happy to get started on a new adventure.

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Society

Urban Indigenous: How Peru's Shipibo-Conibo Keep Amazon Culture Alive In The City

For four years, indigenous photographer David Díaz Gonzales has documented the lives and movements of his Shipibo-Conibo community, as many of them migrated from their native Peruvian Amazon to the city. A work of remembrance and resistance.

For Shipibo-Conibo women, sporting a fringe is usually a sign of celebration or ceremony.

Rosa Chávez Yacila

YARINACOCHA — It was decades ago when the Shipibo-Conibo left their settlements along the banks of the Ucayali River, in eastern Peru, to begin a great migration to the cities. Still among the largest Amazonian communities in Peru — 32,964 according to the Ministry of Culture — though most Shipibo-Conibo now live in the urban district of Yarinacocha.

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