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BTCC / BTCC Square / Global Cryptocurrency /
Brazilian Judge Issues 128-Year Sentence To $190M Crypto Ponzi Scheme Leader

Brazilian Judge Issues 128-Year Sentence To $190M Crypto Ponzi Scheme Leader

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-20 11:52:02
0
A federal court in Brazil has sentenced a major leader of a crypto Ponzi scheme that defrauded investors of over $190 million to 128 years in prison. Two accomplices also received lengthy sentences, while others were acquitted due to insufficient evidence. The scheme, operated by Braiscompany, promised an 8% monthly return on crypto investments but stopped payments in January 2023, prompting an investigation by the Brazilian Federal Public Prosecutor’s Office.
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