PANews news on April 18th, according to CoinDesk, the Brazilian court has sentenced three main culprits in the Braiscompany crypto fraud case to a total of 171 years in prison. Among them, the mastermind JOE Ferreira de Souza was sentenced to 128 years for illegal financial institution operation and money laundering, while the other two involved were sentenced to 27 and 15 years respectively. The scam defrauded approximately 20,000 investors, raising funds of around $190 million. The court also ordered the seizure of assets worth approximately 36 million reais.
Brazil's $190 million crypto Ponzi scheme ringleader sentenced to 128 years in prison
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