<ul><li>Brazilian authorities sentence three Braiscompany executives to a combined 171 years in prison for operating an illegal crypto scheme that defrauded about 20,000 investors of R$1.11 billion.</li><li>Joel Ferreira de Souza, the main figure behind the scam, received the longest sentence, while two other suspects were cleared due to lack of evidence.</li><li>The court described the company as an illegal money network that was built to cover up where investors’ funds came from.</li><li>The prison terms for the three main suspects add up to more than 170 years, marking one of the toughest punishments for financial crime in Brazil.</li></ul>

Brazil Slams Braiscompany Founders with 171-Year Sentence Over Crypto Fraud Case

Discover more