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 main operator, Joel Ferreira de Souza, was handed a sentence of 128 years behind bars, while the other two perpetrators, Gesana Rayane Silva and Victor Augusto Veronez de Souza, were given sentences of 28 and 15 years, respectively.
According to authorities, the trio promised “exorbitant” returns on the crypto investments of their victims in order to initially get their funds…
