Founder of Braiscompany Arrested in Argentina for Alleged Ponzi Scheme

The founder of Braiscompany, Inacio Da Silva Neto, and his wife, Farias Campos, have been arrested in Argentina for allegedly running a cryptocurrency Ponzi scheme that defrauded Brazilian investors of $400 million, according to Metaverse Post.

In 2023, Interpol issued an arrest warrant for Da Silva Neto on charges of money laundering and crimes against the financial system and capital market.

In February, the couple was convicted in absentia. The Braiscompany founder was sentenced to 88 years and seven months, while Farias Campos received a sentence of 61 years and eleven months.

This followed an investigation into the couple’s purchases and payments in Argentina using fictitious names.

They are currently in custody awaiting an extradition order to Brazil for trial and imprisonment.

The publication noted that a previously unnamed individual connected to the Braiscompany case was also extradited from Argentina to Brazil. This person was suspected of acting as a liaison between the organization and other legal entities.

Earlier in 2023, Binance was suspected of facilitating the movement of assets for the Ever Operations and Investments and Braiscompany schemes.