Digital Jungle: How Braiscompany Scammed 20,000 People in a Crypto Scheme
The world of Web3 isn’t just an innovative ecosystem — it’s a real digital jungle where cutting-edge technology lives alongside dangerous predators. Yes, we’re talking about scammers, always looking for naive and trusting users to exploit.
Despite the exciting potential of decentralized solutions and financial freedom, we must remember that the Web3 industry is still young, making it vulnerable to fraud. That’s why today’s story, in which justice actually prevailed, feels especially encouraging.
A significant case in Brazil has set a powerful precedent — a federal court handed down a record-breaking sentence to members of one of the country’s biggest crypto pyramid schemes. Three key people involved with the company Braiscompany were sentenced to 171 years in prison. This verdict delivered a severe blow to the world of crypto fraud, showing that even in the tangled and anonymous blockchain structures, accountability can catch up with the guilty.
Web3’s Dark Side: How a Crypto Pyramid Scheme Took Down 20,000 Investors
The central figure behind the scheme was Joel Ferreira de Souza, who authorities identified as the mastermind of the multi-million dollar financial pyramid. He was sentenced to 128 years, 5 months, and 28 days in prison. He was found guilty on 11 counts, including money laundering, fraud, and illegal financial activities. Using a network of shell companies and shady crypto transfers, he promised investors massive returns and delivered nothing, as is often the case.
His accomplice, company broker Gesana Rayane Silva, received 27 years for her active role in the scheme. She handled cash transport and helped carry out illegal transactions. Another key player was Victor Augusto Verones de Souza, the son of the primary defendant. For his involvement in the companies that used to launder money, he was imprisoned for 15 years. Authorities also seized assets and funds worth 36 million Brazilian reais — about 7 million US dollars from the suspects.
According to Brazilian media, the scam scale was shocking: nearly 20,000 people lost their savings. It was a well-organized, carefully planned deception, relying on people’s trust in new financial tools. The Braiscompany case is a stark reminder of how important it is to stay alert in digital investments.
In conclusion, Web3 is a world full of opportunities, but it is also full of risks. Coinmooner urge everyone in the crypto community to stay vigilant. Never rely on a single opinion, double-check information from trusted sources, use modern tools to protect your digital assets, and don’t fall for flashy promises of easy money. Remember: your security is, first and foremost, in your own hands.
