Brazilian police seize USD $ 28.8 million in cryptocurrencies from alleged pyramid scheme – DiarioBitcoin

Brazilian police seize USD $ 28.8 million in cryptocurrencies from alleged pyramid scheme - DiarioBitcoin

Brazilian police seize USD $ 28.8 million in cryptocurrencies from alleged pyramid scheme - DiarioBitcoin By Daily EditorBitcoin

Last month he had done a similar operation in which he seized $ 33 million in crypto.

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The Brazilian Federal Police seized $ 150 million reais (equivalent today to USD $ 28.8 million) in crypto assets and made five arrests after cracking down on an alleged financial pyramid scheme, according to a report by CNN.

Brazilian authorities carried out 15 search warrants and also seized $ 19 million reais ($ 3.6 million) in cash, 21 luxury vehicles, high-end watches and jewelry on Wednesday, CNN said.

The operation named “Operation Kryptos” involved police investigating an alleged financial pyramid scheme.

In addition, the police made five arrests, including Glaidson Acácio, owner of a consulting firm Bitcoin based in the Lake District of Rio de Janeiro. You have a custody hearing today.

Pyramid scheme

According to research, it is suspected of moving billions in a supposed financial pyramid scheme, whose promise was to return up to 15% of the amount invested by customers. In addition to Rio, the arrests took place in Cabo Frio and two at Guarulhos airport, in São Paulo.

Likewise, the team of lawyers defending Acácio issued the following statement to CNN: “Glaidson Acácio’s defense is aware of the arrest and so far has no access to the content of the investigations. Only after an adequate analysis of all the documentation will we be able to express ourselves in a concrete way ”.

In July this year, the Brazilian civil police seized USD $ 33 million in a money laundering investigation carried out through exchanges crypto in Sao Paulo and Diadema. DailyBitcoin wrote that the operation involved six search warrants in different places of the enormous territory of the South American nation. These searches were aimed at finding shell companies using cryptocurrency exchanges for purported money laundering purposes. The orders resulted in different account freezes of two natural persons and 17 legal entities.

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Sources: CNN, Coindesk, file

Version of DailyBitcoin

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