The main perpetrator of Brazil's largest crypto scam was sentenced to 128 years in prison, and three people were sentenced to a total of more than 170 years in prison

Report: The Brazilian Federal Court recently made a final ruling on the Braiscompany crypto Ponzi scheme case, sentencing the three main perpetrators to a total of over 170 years in prison, setting a record for crypto crime sentencing in the country. The primary offender, Joel Ferreira de Souza, was sentenced to 128 years in prison for illegal financial institution operation and money laundering. Market director Gesana Rayane Silva was sentenced to 27 years for assisting money laundering and false advertising, while technical director Victor Veronez received 15 years for fabricating transaction records. The group lured investors with "20% monthly returns" and attracted over 20,000 participants through a multi-level commission mechanism, causing total losses of approximately 1 billion Brazilian reals (about $190 million). (CoinDesk)