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The alleged scheme worked like this, according to prosecutors: Dos Santos would instruct clients to deposit their money – in cash to avoid further scrutiny – into bank accounts run by managing partners. The money would then be transferred to dos Santos or his Venezuelan wife, Mirelis Yoseline Diaz Zerpa.
I really dislike the spin the media puts on this.
Why is it labeled a "bitcoin pyramid scheme" when the victims all had deposited cash (Brazilian real) into Brazilian banks?
Wouldn't that cause it to be a "Brazilian bank pyramid scheme" more so than a "Bitcoin pyramid scheme"?
Of course, the reason the media is using that spin is because they are an extension of the state and the state would like nothing better than to see further tarnish on the image the media projects about BItcoin.