The main perpetrator of Brazil's largest cryptocurrency scam has been sentenced to 128 years in prison, and the three individuals have been sentenced to over 170 years in total

Odaily Planet Daily News: The Brazilian Federal Court recently made a final verdict on the Braiscompany cryptocurrency Ponzi scheme case, sentencing the three main culprits to over 170 years in prison, setting a record for the country's cryptocurrency 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, the marketing director Gesana Rayane Silva was sentenced to 27 years for assisting in money laundering and false advertising, and the technical director Victor Veronez was sentenced to 15 years for falsifying transaction records. The gang induced investors with a "20% monthly return" and attracted over 20000 participants through a tiered commission mechanism, resulting in a total loss of approximately 1 billion reals (approximately 190 million US dollars). (CoinDesk)