The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in jail. Souza was recognized as the principle operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from almost 20,000 buyers.
Brazilian Crypto Ponzi Scheme Operators Obtain Mixed Sentences of Over 170 Years in Jail
The Brazilian justice system finalized a case towards the leaders of Braiscompany, one of many largest cryptocurrency schemes ever registered within the nation. Based on case recordsdata obtained by native media, three people had been discovered responsible of various crimes and sentenced to spend over 170 years in jail.
Gesana Rayane Silva, Joel Ferreira de Souza, and Victor Augusto Veronez de Souza had been recognized as a part of the Braiscompany operation, every offering completely different companies that helped obfuscate the vacation spot of the buyers’ funds.
De Souza was recognized as the principle operator of the scheme, working a number of shell corporations and managing crypto portfolios for third events with a excessive yield. De Souza was discovered responsible of 11 prices of cash laundering, receiving a sentence of 128 years, 5 months, and 28 days in jail.
Rayane Silva was acknowledged as one of many firm brokers, additionally offering money transportation and monetary transaction intermediation. Silva was sentenced to 27 years, 10 months, and 10 days in jail.
Lastly, Veronez de Souza, recognized as Joel’s son, was a part of an organization facilitating illicit monetary transactions for Braiscompany. For these crimes, he was sentenced to fifteen years in jail.
Two people had been acquitted of any wrongdoing, as there was no proof linking them to the cash laundering crimes. The sentence concludes the authorized actions towards Braiscompany, a cryptocurrency funding scheme that moved over $400 million from its buyers in Brazil.
Final yr, Braiscompany’s mastermind and proprietor, Antonio Inacio Da Silva Neto, and his associate, Fabricia Farias Campos, had been arrested in Argentina and extradited to Brazil. The couple escaped the nation as they had been additionally sentenced to spend over 150 years in jail, 88 years and seven months for Da Silva Neto and 61 years and 11 months for Farias Campos.
Learn extra: Founders of $400 Million Cryptocurrency Ponzi Scheme Arrested in Argentina
