Brazilian police were executing a warrant in their probe of troubled Banco Master SA on Wednesday when someone suddenly tossed a suitcase packed with more than 400,000 reais ($77,120) out of a 30th-floor apartment. The scene unfolded in Balneario Camboriu, a hub of beachfront high-rises in the southern state of Santa Catarina, and marked the latest twist in the case…
The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday. The company conducted transactions worth approximately 500 million reais ($89 million), according to a CNN report. During the raid, the police…
In the latest blow to Binance’s global ambitions, a Brazilian congressional committee has recommended the indictment of four of the company’s senior leaders, including its founder and CEO Changpeng Zhao. The committee, which had been conducting a probe into crypto-related ponzi schemes in Brazil, can only make suggestions. Brazilian police will decide whether to proceed with actual indictments. The committee…
The accounting firms PwC and KPMG have been drawn deeper into the scandal over collapsed Brazilian retailer Americanas after the publication of internal correspondence showing how the company hid billions of dollars of debt. Americanas’ new management told the Financial Times that it was seeking “context” to explain correspondence between former executives and the two audit firms, which was uncovered…
Brazilian police and the Portuguese branch of Interpol have dismantled a criminal network operating a sham company in Lisbon that defrauded thousands of Brazilians in a scheme inspired by the film “The Wolf of Wall Street”. In a statement, Brazilian police said a Czech national based in Lisbon had opened a call centre and hired hundreds of struggling Brazilian workers…
On Thursday, a hundred police officers took to the streets of six Brazilian cities to serve search and seizure warrants against Francisley Valdevino da Silva, who is accused of running a cryptocurrency pyramid scheme that raised $767 million. At the time of publication, there was no news on whether he had been arrested. The justice also decreed that da Silva’s…
The Securities and Exchange Commission today charged Brazil’s second largest domestic airline, GOL Linhas Aéreas Inteligentes, for violating the Foreign Corrupt Practices Act (FCPA). The São Paulo-based company, also known as Gol Intelligent Airlines, agreed to pay $70 million to settle the SEC charges. According to the SEC’s order, Gol bribed prominent Brazilian government officials in exchange for certain favorable…
Brazil Gets Crypto-Dedicated Investigation Unit to Expedite Probes, Stir Awareness | Technology News
Brazil is taking active measures to ensure that crypto-related crimes in the nation are tackled with dedicated precision. The public prosecution office of Brazil’s central-western Federal District is behind the launch of this cryptocurrency investigation unit. The newly formed wing will also contribute in driving education and awareness around the crypto sector in the nation. The development comes at a…
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