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Three Braiscompany executives, including its mastermind, were sentenced to over 170 years for a $190M crypto Ponzi scheme.
Three executives of the Braiscompany crypto Ponzi scheme were sentenced to over 170 years in prison by a Brazilian court.
The scheme, which defrauded around 20,000 investors of $190 million, saw its mastermind Joel Ferreira de Souza receive a 128-year sentence.
The court found them guilty of operating an unlicensed financial institution and laundering money through shell companies and unregulated wallets.
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Tres ejecutivos de Braiscompany, incluida su mente maestra, fueron sentenciados a más de 170 años por un esquema de cripto Ponzi de $ 190M.