Monday, July 15, 2024
The Federal Police (PF) mobilized on Tuesday (28) to execute 28 arrest, search, and seizure warrants in various cities in Brazil against 72 individuals and companies. They are accused of forming a financial pyramid scheme that would have moved around R$ 1 billion in a cryptocurrency arbitrage scheme.

According to the PF statement, the warrants are being executed through “Operation Ouranós” in the cities of Balneário Camboriú and Palhoça (SC), Porto Alegre (RS), Curitiba (PR), and São Paulo (SP). Among the court orders are the blocking and seizure of approximately R$ 400 million in assets such as boats and luxury vehicles, over 111 bank accounts, and three investment funds.

Images released by the PF show that in addition to luxury cars and watches, an aircraft was also confiscated.

According to a PF statement, the pyramid scheme consisted, at least since 2020, in operating a securities and exchange distributor — DTVM, to raise funds from about 7,000 investors from 17 Brazilian states.

Through a public offering of Collective Investment Contracts (CIC), the investors’ money was supposedly invested in cryptocurrency arbitrage, with fixed and variable remuneration, without any control, registry, or authorization from competent authorities, such as the Securities and Exchange Commission (CVM).

“From this billion-dollar fundraising, the resources passed through various intermediate accounts of several companies, through asset shielding, with the purpose of emptying the assets of the illegal financial institution,” the PF says.

The agency also emphasizes that the tracking of illicit funds showed that the investigated individuals engaged in “money centrifugation,” a system that involves using various levels of intermediate accounts, with fractional bank transfers.

“The investigations also identified investments with possible origins in drug trafficking, crimes against the national financial system, and corporate and tax fraud,” the PF highlights.

The investigation, initiated in 2020, found that the illicit actions began in Balneário Camboriú (SC), then in Curitiba (PR), and later extended to the country’s economic center, São Paulo.

“The investigated facts constitute, in theory, the crimes of money laundering, organized crime, and crimes against the national financial system, including unauthorized operation of a financial institution, irregular offering of securities, and illegal exercise of investment advisory,” it concludes.

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The post PF derruba pirâmide acusada de roubar R$ 1 bilhão em esquema de arbitragem de criptomoedas appeared first on Portal do Bitcoin.

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