Leaders of $190M Crypto Ponzi Scheme, Braiscompany, Sentenced to Over 170 Years

Leaders of $190M Crypto Ponzi Scheme, Braiscompany, Sentenced to Over 170 Years

A Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one of the country’s largest crypto fraud cases to date.Federal Judge Vinicius Costa Vidor found Joel Ferreira de Souza, the scheme’s alleged mastermind, guilty of operating an unlicensed financial institution and laundering millions through shell companies and unregulated crypto wallets, according to loc…

Brazilian Court Sentences Crypto Ponzi Leaders to 171 Years - Blockchain & Cryptocurrencies Tabloid

Leaders of Braiscompany crypto Ponzi scheme sentenced to over 171 years in Brazil, impacting 20,000 investors. The post Brazilian Court Sentences Crypto Ponzi Leaders to 171 Years appeared first on Blockchain & Cryptocurrencies Tabloid.

Brazilian court jails three men for $190 million crypto Ponzi scheme

A Brazilian court has jailed three men for their involvement in a cryptocurrency Ponzi scheme where they stole about $190 million. According to reports, the Brazilian court slammed a combined jail term of 170 years on the three men, underscoring the severity of the case. The men were accused of being the brains behind the Braiscompany scandal, using the platform to scam unsuspecting users. According to the prosecutors, the three men, Joel Ferrei…

Mastermind of Brazilian Crypto Scheme Sentenced to 128 Years

Joel Ferreira de Souza has been sentenced to 128 years in prison for his role in laundering funds tied to Braiscompany, a collapsed Ponzi-style crypto investment scheme that ran from 2018 to 2023. Operating under the guise of a legitimate blockchain firm, Braiscompany attracted over 20,000 investors with monthly return promises of 8%. Behind the scenes, funds were funneled through a complex network of shell companies and proxy accounts — a syste…

Scandal in Brazil! 171 years for cryptocurrencies scammers In a surprising case that has captured international attention, a group of cryptocurrencies scammers in Brazil has been sentenced to a total of 171 years in jail. This scandal has highlighted the growing global concern about fraud in the area of cryptocurrencies. The sentence is one of the most severe in recent history for crimes related to cryptocurrencies. Brazil: epicenter of a crypto…

Braiscompany $190,000,000 Crypto Ponzi Scheme Lands Mastermind a 128-Year Jail Sentence: Report

The leaders of a Brazilian crypto Ponzi scheme have reportedly been handed a combined sentence of over 170 years behind bars. According to a new report, the three leaders of Braiscompany, which perpetrated the scheme, were sentenced for defrauding investors out of nearly $190 million, or $1.1 billion Brazilian Reals. The report says the company’s…