Brazil's $190 million crypto Ponzi scheme chief culprit sentenced to 128 years in prison

PANews reported on April 18 that according to CoinDesk, the Brazilian court announced a verdict on the Braiscompany encryption scam case, and the three main culprits were sentenced to 171 years in prison. Among them, the mastermind Joel Ferreira de Souza was sentenced to 128 years for illegally operating financial institutions and laundering money, while the other two people involved were sentenced to 27 years and 15 years respectively. The scam defrauded about 20,000 investors and raised $190 million. The court also ordered the confiscation of approximately 36 million real assets.