Brazil's $190 million cryptocurrency Ponzi scheme leader receives a record 128 year sentence for money laundering

Odaily Planet Daily reported that a Brazilian judge recently sentenced Jo ã o Ferreira de Sousa, the money laundering mastermind behind the Ponzi scheme of the Braiscompany cryptocurrency, to a record breaking 128 years in prison. The scam operated from June 2018 to early 2023, defrauding over 20000 investors with a total amount of 11.1 billion reals (approximately 190 million US dollars). Other individuals involved in the case were also sentenced, with a total sentence of 170 years. This case is closely related to money laundering operations, and Brazilian police have launched a nationwide crackdown. （The Block）