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Brazil Slams Braiscompany Founders with 171-Year Sentence Over Crypto Fraud Case
Brazil Slams Braiscompany Founders with 171-Year Sentence Over Crypto Fraud Case
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Brazilian authorities have sentenced three Braiscompany executives to a combined 171 years in prison for operating an illegal crypto scheme that defrauded approximately 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. 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 imposed the sentences after proving that the trio ran an illegal money business and moved cash using fake firms and unsafe crypto wallets.
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