A Brazilian court sentenced three leaders behind the cryptographic program collapsed Braiscompany to 171 years in prison combined, concluding one of the largest cases of cryptographic fraud in the country.
Federal judge Vinicius Costa Vidor discovered Joel Ferreira de Souza, the presumed brain of the program, guilty of exploiting a financial institution without license and whitening millions of people through screens and non -regulated cryptographic wallets, according to local media.
De Souza has undergone the steepest sentence: 128 years behind bars. Two others – Gesana Rayane Silva and Victor Veronez – received 27 and 15 years, respectively, for their role in the management of money and action as intermediaries in the program.
The decision comes after the Brazil Federal Prosecutor’s Office (MPF) accused five people of orchestrating a pyramid structure which collected 1.11 billion r $ ($ 190 million) at around 20,000 investors.
Braiscompany has promised disproportionate yields via cryptographic trading, but would have directed a parallel financial system using informal transfers and high -order operations.
The court also ordered the seizure of 36 million R $, although it is not clear how many victims will be recovered. According to Artêmio Picanço, a lawyer representing several victims, the affected persons must file civil complaints shortly before the funds are absorbed by the State.
Two defendants were acquitted for lack of evidence. The rest, according to the judge, “acted to mask the illicit origin” of money, managing operations which imitated legitimate investment practices but were used to enrich the initiates.
