Mars Finance News: A Brazilian judge recently sentenced Joel Ferreira de Sousa, the mastermind behind the Braiscompany cryptocurrency Ponzi scheme's money laundering, to a record 128 years in prison. The scam operated from June 2018 to early 2023, defrauding over 20,000 investors for a total of 11.1 billion reais (approximately $190 million). Other involved parties were also sentenced, with total prison terms reaching 170 years. The case is closely linked to money laundering operations, and Brazilian police have launched a nationwide crackdown. (The Block)
Brazil's $190 million cryptocurrency Ponzi scheme leader gets record 128-year prison sentence
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