The main perpetrator of Brazils largest crypto scam was sentenced to 128 years in prison, and three people were sentenced to a total of more than 170 years in prison

CoinRank News: The Brazilian Federal Court recently made a final judgment on the Braiscompany crypto Ponzi scheme case. The three main responsible persons were sentenced to a total of more than 170 years in prison, setting a record for the countrys crypto crime sentencing. The main culprit, Joel Ferreira de Souza, was sentenced to 128 years in prison for illegal operation of financial institutions and money laundering, marketing director Gesana Rayane Silva was sentenced to 27 years for assisting in money laundering and false propaganda, and technical director Victor Veronez was sentenced to 15 years for falsifying transaction records. The gang lured investors with 20% returns per month and attracted more than 20,000 people to participate through a tiered rebate mechanism, resulting in a total loss of about 1 billion reais (about 190 million US dollars). (CoinDesk)