Brazil Jails Cripto Scheme Operators in Combined 171

The Brazilian Federal Court condemned three members of the CRIPTO Scheme Braiscompani in combined 171 years in prison, marking one of the most difficult sentences in financial fraud.

Joel Ferreira de Souza, identified as the main operator of the pyramid scheme, was sentenced to 128 years, 5 months and 28 days in prison after he was sentenced to 11 points of money laundering, according to local reporting.

It was discovered that it was managed by illegal financial operations through shellfish companies and informal cryptocurnancy transactions, promising a high return of investors.

The Meeting Rayane Silva, Broker for the company, received a 27-year sentence for his role in cash transport and facilitating illegal financial transactions.

Victor Augusto Veronez de Souza, Joel’s son, was sentenced to 15 years for participation in companies that helped fond funds.

220 million dollars of funds

Federal Judge, Vinicius Costa Vidor, ruled that the three defendants participated in a highly structured operation that launched more than $ 1.11 billion (approximately $ 220 million) of almost 20,000 investors.

The court described Braiscompani as a parallel financial system designed to hide the origin of investors.

Two other individuals appointed in case are released due to lack of evidence.

Aktiva worth R $ 36 million seized during the investigation was ordered to be transferred to Brazilian The government.

The decision comes a year after Braiscompani, Antonio version that Silva Net and his partner, Fabricia Farias Campos were extradited from Argentina. They were previously sentenced to combined 150 years in prison.