Brazilian police have issued search and seizure warrants against Francisley Valdevino da Silva, a man known as the “cryptocurrency sheik” who is accused of running a crypto pyramid scheme that raised about $767 million. oalvespaulo writes
On Thursday, a hundred police officers took to the streets of six Brazilian cities to serve search and seizure warrants against Francisley Valdevino da Silva, who is accused of running a cryptocurrency pyramid scheme that raised $767 million.
According to a Brazilian Police report, da Silva, known as the “cryptocurrency sheik” and a former U.S. resident, raised more than four billion reals by promising high returns through alleged crypto operations since 2016., the Brazilian Federal Police executed 20 search and seizure warrants in four Brazilian states in the case for crimes including money laundering and fraud.
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