🔴 171 years in prison for crypto scam: Brazilian court delivers harsh sentence
💥 A high-profile case of the cryptocurrency Ponzi scheme Braiscompany has concluded in Brazil. The court sentenced three organizers to a total of 171 years in prison for deceiving 20,000 investors out of approximately $190 million.
🧑⚖️ Sentences:
• Joel Ferreira de Souza — 128 years in prison
• Gezana Rayane Silva — 27 years
• Victor Verones — 15 years
🎭 Posing as an investment platform, they promised high returns through "trading" cryptocurrencies. However, it turned out to be a classic Ponzi scheme — the money from new investors was used to pay old ones.
📉 Against the backdrop of this news, there is a growing anxiety in Latin America regarding DeFi and unlicensed crypto platforms.
Such pressure may temporarily dampen interest in altcoins and increase the influx of capital into more stable assets like $BTC and $ETH.
Subscribe to avoid becoming part of a crypto fairytale with a bad ending 🔴
