Brazil Slams Braiscompany Founders With 171-Year Sentence Over Crypto Fraud Case
- Brazilian authorities sentence three Braiscompany executives to a combined 171 years in prison for operating an illegal crypto scheme that defrauded about 20,000 investors of R$1.11 billion.
- Joel Ferreira de Souza, the main figure behind the scam, received the longest sentence, while two other suspects were cleared due to lack of evidence.
Brazil has sentenced three people linked to the failed crypto firm, Braiscompany, to a total of 171 years combined behind bars. The ruling came from a top court and has been considered as one of the toughest punishments for financial crime in the country.
Federal Judge Vinicius Costa Vidor was the one who gave the sentences after proving the three ran an illegal money business and moved…
