An important decision was announced in the Braiscany case of the fake investment platform operating in Brazil. In the trial, three defendants were sentenced to more than 170 years of imprisonment. The defendants who collected about 190 million dollars from investors and made large frauds, were convicted of many heavy crimes, including money laundering. The case is expected to be a deterrent against similar fraud activities in the crypto currency market.
Braiscompany Operation and Court Decision
Joel Ferreira de Souza, who is at the center of illegal activities, sentenced the court to 128 years in prison. In addition to De Souza, Gesana Rayne Silva was sentenced to 28 years and Victor Augusto Veronese de Souza was sentenced to 15 years in prison. In the trial, the defendants, investors promising high profits and established a large chain of happiness and crypto currency transactions at the center of the system was expressed.
Fraud was not limited to the promise of earnings; It was also revealed that illegal revenues were laundered through various companies. In the court documents, it was emphasized that investor funds were controlled through third parties and that the trail of the money was tried to be lost in this way. The son of Joel Ferreira de Souza was accused of directly or indirectly involved in criminal activities.
The decision included information that the income obtained with fraud will be transferred to the state treasury. Authorities said that additional legal steps will be taken to eliminate the grievance and to ensure justice.
Money laundering methods and social reaction
In the case files, the money laundering mechanisms used in the fraud process took place in detail. The multi -layered company structures established, special software and virtual wallets to conceal the fund flow drew attention. All of the activities carried out under the name of Braiscompany were organized by using the weak inspection structure of the crypto currency market.
Gesana Raya Silva, one of the defendants, plays a key role in the transfer transactions and has assumed active tasks in the transactions that guide investors’ money. Likewise, Victor de Souza was accused of preparing false documents and financial reports to ensure the sustainability of the system.
After the case, one of the statements on social media came from Artêmio Picanço, who represented the victims. Picanço argued that the collected money should be distributed directly to the victims. This call received support especially by circles who wanted to prevent the loss of small investors.
Crypto Money Controls On The Agenda
The repercussions of the case were not limited to Brazil. At the international level, discussions flare that the inspections in the crypto currency market were insufficient and a structure open to fraud. Authorities announced that they are working on new regulations in order to combat similar structures.
Experts point out that platforms should be subjected to transparency obligation for the protection of the investor and that certification processes should be implemented. In addition, the court decision is critical in terms of having a confidence -enhancing effect in the sector and preventing similar fraud activities.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
