Mastermind of Brazilian Crypto Scheme Sentenced to 128 Years
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Sentencing of Key Figures: Joel Ferreira de Souza has been sentenced to 128 years in prison for laundering funds from Braiscompany, a Ponzi-style crypto scheme that defrauded over 20,000 investors and resulted in losses exceeding $190 million. Other key players received significant sentences as well, including de Souza's son and top recruiter Gesana Rayane Silva.
Investigation and Legal Action: The collapse of Braiscompany led to Operation Halving, a national investigation that uncovered the extensive fraud, resulting in raids and arrests of its founders, who were apprehended in Argentina after being on the run.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
