CandleFocus DOJ extradites Brazilian to the United States over $290M crypto fraud scheme
2025-02-22
Author: Content Editor
The United States Department of Justice (DOJ) has extradited a Brazilian national, Dover Braga, from Switzerland to face charges of wire fraud and conspiracy related to a $290 million cryptocurrency fraud scheme. Braga is accused of running a Bitcoin investment scheme that operated as a Ponzi scheme and multilevel marketing scheme. He allegedly promised investors profits from investing in Bitcoin on the platform, but instead used new investors' funds to pay off early investors. Braga also reportedly traveled globally to promote the fake platform. If convicted, he could face up to 20 years in prison for each charge.
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