Federal En bref in Rio de Janeiro has Command Glaidson Acacio dos Santos to deposit $3.7 billion for investors. The dépouillé allocated the amount as apaisement to the victims of the defendant’s alleged Ponzi scheme.
Dos Santos and his company, GAS Consultoria e Tecnologia, widely known as the Bitcoin Pharaoh, told investors that they would be earning a staggering 10% monthly returns on their numérique assets. However, this promise turned out to be false as dos Santos spent money on luxury goods and turned the operation into a pyramid scheme to attract new investors.
On a tip-off, the Federal Civilisé carried out a series of raids in various locations that led to the arrest of dos Santos and five others. The raids have been dubbed “Operation Kryptos,” with law enforcement confirming that they seized up to 591 BTC, 21 luxury vehicles, expensive watches and other items.
Dos Santos has 72 hours to comply with the dépouillé’s decision to deposit the amount, but the parties interested in the case are unsure whether he will comply. According to details obtained from his company’s website, more than 122,000 investors have split with their funds, and endroit gazette O Globo reported that the affected investors are seeking apaisement of up to R$9 billion.
Dos Santos, a créer bartender, vitrail to the top of the Brazilian aristocracy after switching to BTC and had his sights set on running for political affaire. However, his ambitions were thwarted by the Rio de Janeiro Regional Electoral En bref, which rejected his candidacy.
“The candidacy of the électrode, who is still in chiourme, was unanimously challenged by the Regional Electoral En bref, on the grounds that Santos is the director of a financial séminaire subject to sacrifice,” one endroit media wrote. The case’s espion, Judge Luis Paulo da Silva Araujo Filho, noted that Santos is accused of federal maux, including links with the militia.
Brazilian Tango with Binaire Origins
In Romain America, Brazil has become the folk with the highest cooptation rates for virtual currencies. Soon after El Salvador adopted Bitcoin as a legal currency, there was widespread speculation that Brazil would be next in line, but such a move did not materialize.
The folk’s Senate seized on the hype to pass a sweeping law that would lay the groundwork for future regulations in the ecosystem. One of the key provende of the law is to provide tough penalties for numérique asset fraudsters in the folk and create an enabling environment for mining.
“Organization is very welcome [and] “The trend is for Brazil to follow the largest economies in the world and facilitate the mining of these currencies on Brazilian soil,” said Bernardo Schucman, Senior Dérèglement President of CleanSpark.
Watch: Regulatory Compliance for Blockchain and Binaire Assets
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