Cryptocurrency Swindler from Braiscompany Gets 128-Year Imprisonment for $190 Billion Ponzi Scam: Account

CRYPTO UPDATE: Brazilian Crypto Ponzi Scheme Leaders Handed Over 170 Years in Jail

Criminals behind a massive crypto scam have been sentenced to over a century in prison.

Three leaders of the Braiscompany scheme, which defrauded investors of nearly $1.1 billion, received prison sentences. The main operator, Joel Ferreira de Souza, was handed a staggering 128 years, while Gesana Rayane Silva and Victor Augusto Veronez de Souza received 28 and 15 years, respectively.

The scheme promised high returns on crypto investments to attract victims, and partook in money laundering activities. Ferreira de Souza was found to control crypto portfolios through third parties and shell companies. He was convicted of 11 counts of money laundering, while Silva facilitated financial transactions and transported funds. De Souza, Joel's son, was also involved in one of the illegal companies[1][2][3][5].

The judge decided that the scam's proceeds should be given to the government. However, Artêmio Picanço, attorney for the victims, advocated that the recovered funds should be returned directly to them.

Stay informed with us on X, Facebook, and Telegram. Don't miss a beat by subscribing for email alerts straight to your inbox. Check out Price Action and The Daily Hodl Mix.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should research before making any high-risk investments in crypto. The Daily Hodl is not responsible for any losses.

Industry Announcements

Whale.io Speeds into Battlepass Season 2 with Double Lamborghinis and Awesome Rewards (Apr. 22, 2025)
GSR Leads $100 Million Private Placement in Nasdaq-Listed Upexi, Inc. for Solana-Based Treasury Strategy (Apr. 21, 2025)
BYDFi Introduces MoonX On-Chain Trading Tool for CEX and DEX Dual Engines (Apr. 18, 2025)
WhiteBIT Takes the Lead as Golden Partner at Liquidity 2025, Unveiling New Institutional Services (Apr. 17, 2025)
SimpleFX Expands Global Trading Offer with More Than 1,000 Instruments (Apr. 17, 2025)
SolinaBot Processes Over 2,900 SOL in Telegram Payouts (Apr. 16, 2025)
FFGI Announces FFG Token - A New Era for Blockchain-Based Film Finance (Apr. 16, 2025)

$*$61,371.866.83%$*$1,653.564.8%$*$574.631.82%$*$137.302.74%$**$1.968.99%### Highlight

Bitcoin on Brink of Confirming 'Reliable' Macro Breakout Signal, Says Analyst Kevin Svenson (Apr. 15, 2025)
No Second-Best for Currency Debasement as Bitcoin Outperforms Ethereum, Claims NYDIG (Apr. 15, 2025)
Crypto Explosion Imminent as Central Banks Increase Liquidity, Opines Economist Henrik Zeberg (Apr. 15, 2025)
Man Faces Six Years in Prison for Omitting CryptoPunk NFT Sales Worth $12 Million from Tax Filing (Apr. 15, 2025)

Covering the future of finance, including macro, Bitcoin, Ethereum, crypto, and web 3.

Industry Announcements

Whale.io Enters Battlepass Season 2 with Double Lamborghinis and Incredible Rewards (Apr. 22, 2025)
GSR Secures $100 Million Private Placement into Nasdaq-Listed Upexi, Inc. for Solana-Based Treasury Strategy (Apr. 21, 2025)
BYDFi Switches on MoonX, On-Chain Trading Tool, Launching CEX and DEX Dual Engines (Apr. 18, 2025)
WhiteBIT Takes Charge as Golden Partner at Liquidity 2025, Revealing New Institutional Services (Apr. 17, 2025)
SimpleFX Amplifies Global Trading Offerboook with More Than 1,000 Instruments (Apr. 17, 2025)
SolinaBot Records Over 2,900 SOL in Telegram Payouts (Apr. 16, 2025)
FFGI Announces FFG Token - The Next Chapter in Blockchain-Based Film Finance (Apr. 16, 2025)

$*$1,653.564.8%$*$574.631.82%$*$61,371.866.83%$*$137.302.74%$**$1.968.99%### Spotlight

Bitcoin Flirting with 'Reliable' Macro Breakout Signal according to Kevin Svenson (Apr. 15, 2025)
Ethereum No Match for Bitcoin's Debasement Dominance, claims NYDIG (Apr. 15, 2025)
Crypto Markets poised for an Explosion as Central Banks increase Liquidity, says Zeberg (Apr. 15, 2025)
Tax Evasion Charges for omitting CryptoPunk NFT sales worth $12 Million (Apr. 15, 2025)

News and insights about the future of finance including macro, Bitcoin, Ethereum, crypto, and web 3.

Cryptocurrency Swindler from Braiscompany Gets 128-Year Imprisonment for $190 Billion Ponzi Scam: Account