Arrested in Figueira da Foz father and son wanted in Brazil for fraud

Deight men aged 54 and 29 years old, father and son, sought by the judicial authorities of Brazil for crimes of qualified fraud and criminal association, were arrested by the PJ in the area of Figueira da Foz, Coimbra, informed that police force.

The Judicial Police (JP), through the Criminal Information Unit, developed steps that led to the location and detention of the two foreigners who, between 2017 and 2019, in a city in the State of São Paulo, with another accomplice, formed a criminal association to circumvent through fictitious investments in cryptocurrencies.

The group deceived at least 15 victims by promising them monthly incomes up to 15%, causing losses of more than two million reais, or 433,000 euros, for which they can be sentenced to eight years in prison.

Initially, to attract more investments, the group even paid some income, but in 2019 it stopped doing so, failing to get the victims back the funds.

While planning to flee Brazil with illicit income, the group still remained in contact with the victims, falsely promising reimbursement.

The two arrested by PJ were present at the Coimbra Relation Court, which determined the preventive arrest while awaiting extradition.