An unprofessional cryptocurrency investor filed a lawsuit against GAS Consultoria, the company of the pharaoh of bitcoins, and won the right to get his money back.
The decision, given by the judges of the Court of Justice of the Federal District and Territories (TJDFT), was unanimous. For example, he now hopes to recover R$ 59,900.00 that he lost with the company that traded with promises of 10% per month.
It is worth remembering that GAS Consultoria is one of the companies investigated by the Federal Police in Brazil. Since 2021, the PF has been investigating crimes committed by the company and its leaders against investors, in the context of Operation Kryptos.
Investors are given the right to get their money back
During the trial that is underway in Brazil’s capital, the TJDFT’s 7th Civil Panel analyzed an investor’s request to recover its money. While the company GAS was working, he invested BRL 663,000 in 10 different contracts.
The company, headquartered in Cabo Frio, RJ, had returned a portion of the proceeds to the plaintiff months before Operation Kryptos. However, in August 2021, with R$59,900.00 still to be received, the author claims that his income was unilaterally suspended.
For example, he submitted a request for a refund of the amounts, since his contract expired in March 2021 and he no longer had access to his money. After analysis, the panel of judges agreed that the contract lost its validity and canceled the instrument.
In addition, it has been decided that the man is entitled to a refund of the amount owed, but without the income promised by the company.
Justice refuses recognition of income to investor
In the sentence, the judges explained that the object of the contract is unlawful and unlawful and as a result must be declared null and void and the parts returned. They also pointed out that the company has already filed other lawsuits against the company with other injured persons.
Finally, the decision reminds that the judiciary cannot guarantee the man the promised income, as this would consist of “a seal from the judiciary for the unlawful practice of the defendant, which cannot be admitted, under penalty of only a few participants who are paying amounts to the detriment of all others”.
In assessing the appeal, the Civil Court decided that the interest claimed by the plaintiff is not due and that what remains is only the repayment of the amount invested, under penalty of unjust enrichment.
He stressed the fact that the contract is considered null and void and therefore the clauses cannot be enforced. Finally, he explained that interest “extrapolates all legal income from the official money market and cannot attempt to obtain income from what is illegal, immoral and improper”.
According to information from the TJDFT, the judges’ decision showed unity by ruling unanimously in the case.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
