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News

$160 Million Ponzi Braiscompany Scammers Arrested By Brazilian Police

July 28, 2023 - Around 2 mins mins to read

Key Points:

  • Brazilian police have raided and successfully arrested the scammers in the Braiscompany cryptocurrency Ponzi scheme.
  • Officials seized some $28.7 million worth of assets during raids on company-linked addresses in São Paulo and Aracaju.
  • Before that, the owners of the company allegedly fled the country with about $160 million worth of customers.
Brazilian authorities have arrested the main suspects involved in Braiscompany’s crypto fraud in an effort to protect investors and expose fraudulent activities.
$160 Million Ponzi Braiscompany Scammers Arrested By Brazilian Police

Brazilian law enforcement has arrested three individuals believed to be involved in the activities of the now-defunct cryptocurrency brokerage, Braiscompany.

The detentions occurred in Foz do Iguaçu, near the Brazil-Argentina border, when the suspects are believed to have tried to flee the country. According to the report, those arrested were Arthur and Sabrina Lima, a couple suspected of being deeply involved in Braiscompany’s activities.

Police opened an investigation into the company, codenamed Operation Halving, earlier this year. And in an official statement, officials said that the latest phase of the operation has seen officials seize some $28.7 million worth of property in raids. Click on company-related addresses in São Paulo and Aracaju. One of the properties appears to be an office equipped with computer terminals and desks.

Braiscompany came under closer scrutiny after investors voiced their inability to withdraw funds from the platform in December 2022. Earlier this year, the company, known for making promises to investors monthly interest of up to 8% on fiat or Bitcoin deposits, closed amid allegations of fraudulent activity.

Following the closure, the company’s executives were suspected of fleeing with around $160 million in customer funds, prompting authorities to label the company a possible crypto pyramid scheme.

Arthur Lima is said to have played a vital role in this scheme, creating promotional videos and advising Antonio Neto, the operation’s alleged mastermind.

$160 Million Ponzi Braiscompany Scammers Arrested By Brazilian Police

Meanwhile, Neto and Fabrícia Campos, another critical figure in Braiscompany, remained at large. Both have been added to Interpol’s red list, making them international fugitives who can be immediately apprehended.

Police say their latest investigations are focusing on a number of “brokers” affiliated with Braiscompany because these individuals act as “commercial representatives” and are actively looking for “new victims” for this plan.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

News

$160 Million Ponzi Braiscompany Scammers Arrested By Brazilian Police

Key Points:

  • Brazilian police have raided and successfully arrested the scammers in the Braiscompany cryptocurrency Ponzi scheme.
  • Officials seized some $28.7 million worth of assets during raids on company-linked addresses in São Paulo and Aracaju.
  • Before that, the owners of the company allegedly fled the country with about $160 million worth of customers.
Brazilian authorities have arrested the main suspects involved in Braiscompany’s crypto fraud in an effort to protect investors and expose fraudulent activities.
$160 Million Ponzi Braiscompany Scammers Arrested By Brazilian Police

Brazilian law enforcement has arrested three individuals believed to be involved in the activities of the now-defunct cryptocurrency brokerage, Braiscompany.

The detentions occurred in Foz do Iguaçu, near the Brazil-Argentina border, when the suspects are believed to have tried to flee the country. According to the report, those arrested were Arthur and Sabrina Lima, a couple suspected of being deeply involved in Braiscompany’s activities.

Police opened an investigation into the company, codenamed Operation Halving, earlier this year. And in an official statement, officials said that the latest phase of the operation has seen officials seize some $28.7 million worth of property in raids. Click on company-related addresses in São Paulo and Aracaju. One of the properties appears to be an office equipped with computer terminals and desks.

Braiscompany came under closer scrutiny after investors voiced their inability to withdraw funds from the platform in December 2022. Earlier this year, the company, known for making promises to investors monthly interest of up to 8% on fiat or Bitcoin deposits, closed amid allegations of fraudulent activity.

Following the closure, the company’s executives were suspected of fleeing with around $160 million in customer funds, prompting authorities to label the company a possible crypto pyramid scheme.

Arthur Lima is said to have played a vital role in this scheme, creating promotional videos and advising Antonio Neto, the operation’s alleged mastermind.

$160 Million Ponzi Braiscompany Scammers Arrested By Brazilian Police

Meanwhile, Neto and Fabrícia Campos, another critical figure in Braiscompany, remained at large. Both have been added to Interpol’s red list, making them international fugitives who can be immediately apprehended.

Police say their latest investigations are focusing on a number of “brokers” affiliated with Braiscompany because these individuals act as “commercial representatives” and are actively looking for “new victims” for this plan.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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