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Brazilian Police Issues Warrants Against Leader of Crypto Pyramid Scheme
Summary: According to reports by CoinDesk, Brazilian police has issued seizure warrants against Francisley Valdevino da Silva, who is accused of running a cryptocurrency pyramid scheme. According to a Brazilian Police report, da Silva raised more than $767 million running illegal crypto operations since 2016. “The organization allegedly deceived investors in over a dozen countries by ...
According to reports by CoinDesk, Brazilian police has issued seizure warrants against Francisley Valdevino da Silva, who is accused of running a cryptocurrency pyramid scheme.
According to a Brazilian Police report, da Silva raised more than $767 million running illegal crypto operations since 2016.
“The organization allegedly deceived investors in over a dozen countries by falsely claiming that they had developed fully functioning, cutting-edge cryptocurrency-related financial products,” said U.S. Immigration and Customs Enforcement (ICE) in a press release.
The Brazilian Federal Police has executed 20 search and seizure warrants against da Silva in four Brazilian states.
The justice has also ordered that da Silva’s assets be seized and blocked.
According to the Brazilian Police report, da Silva’s lawyer said he has agreed to cooperate with the police.
Author: Katie Lin
Tags: Brazilian Police,Pyramid Scheme,warrants
Link: Brazilian Police Issues Warrants Against Leader of Crypto Pyramid Scheme [Copy]
