Operation Crypto Farsa, launched on the morning of last Thursday (15), targeted a group of criminals suspected of robbing Brazilians with false offers of investments in cryptocurrencies.
According to investigations, the criminal group published advertisements to lure victims. When they contacted them, they received proposals for easy earnings, ranging between 2% and 4% per month, with a guaranteed return.
In total, the suspected group targeted in the operation has moved more than R$900 million in the last three years alone, drawing the attention of authorities.
Operation Cripto Farsa began after an elderly woman lost R$90,000 in a scam involving fake investments in cryptocurrencies
The Civil Police of Santa Catarina, through the Fraud Office of the State Directorate of Criminal Investigation, with the support of the Civil Police of São Paulo, Paraná and Mato Grosso do Sul, launched the ‘Cripto Farsa’ operation, executing eight search and seizure warrants. In the states of Santa Catarina, Paraná, São Paulo and Mato Grosso do Sul, civil police officers from all the states provided support in executing the arrest warrants.
With the aim of unraveling a fake cryptocurrency investment scam, the investigation began after a police report was filed by an elderly woman in the city of Lages. She invested R$90,000.00 in the alleged purchase of bitcoinswhere the promised profit is not received and the initial amount invested is still lost.
During the investigation it was found that the investigated persons had moved over 900 million reais in the last three years. In addition to the victims in Santa Catarina it was found that the investigated persons were also responsible for several victims in other states.
Electronic devices and various documents have been seized, which will be analyzed to continue the investigation and identify the other people involved. The information was released by PC-SC.
In a video released by DD/DEIC delegate Leonardo Silva, he explains more details about the operation, which took place in four Brazilian states.
A high return in a short period of time is a clear sign of a scam
The promise of high short-term financial returns, especially associated with Bitcoin and other cryptocurrencies, can be extremely risky and misleading.
Cryptocurrencies offer no predictability of profits, which makes any promise of guaranteed profits even more suspicious. That is why many scammers take advantage of people’s lack of knowledge and trust to commit fraud.
Finally, it is essential to be careful and seek reliable information before making any investment, as the risk of falling prey to scams that result in significant financial losses is real and can seriously affect the lives of the victims.
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.
