Police in Sao Poalo raided Philip Han’s luxurious rental at 5am on Tuesday, August twenty third.
As reported by Estadio (paywall), Han and his spouse Carla Moreira Han are suspected of
the apply of monetary pyramiding and cash laundering, via asset managers that function all through the nation with out working a license.
I imagine the fees are Brazil’s wire fraud and securities fraud legal legislation equivalents.
Authorities in Sao Paulo allege Han’s involvement in six MLM Ponzi schemes over 9 years; WCM777, Mr. Hyperlink, iFreex, FX Buying and selling Corp, F2 Buying and selling Corp and MyHash.
Han’s final rip-off, My Hash, collapsed in early to mid 2021.
In line with the investigators … the journey of those firms invariably ended with traders writing police stories as a result of they thought of themselves victims of embezzlement.
Brazils’ legal investigation into Han is reported to have begun in 2019. In 2020 a Sao Paulo Decide shut down prosecutor’s makes an attempt to convey a case in opposition to Han, citing “inconsistencies” with proof offered.
The proof connected to the case file was not ample to establish that these accountable for the investigated firms shaped a legal group, or that the conduct practiced was substantiated in methods to cash laundering.
I don’t know what proof was submitted however that’s a fairly substantial cock up by Brazilian authorities.
In any occasion, it appears police continued to research Han, resulting in the raid on Tuesday.
As I perceive it Han has but to be arrested. Estadao makes an attempt to contact Han and his spouse for remark had been unsuccessful.
