After what looks like far too lengthy, information as we speak that TelexFree co-founders Carlos Wanzeler and Carlos Costa have been arrested in Brazil.
Federal Police swooped in on Wanzeler and Costa within the early hours of Tuesday, December sixteenth.
Wanzeler was apprehended on the best way to the fitness center. Costa was arrested at his residence in Vila Velha.
Globo Media have been on the scene to snap a photograph of Costa in custody:
Wanzeler and Costa have been arrested in reference to “concealment of property” (cash laundering), regarding TelexFree.
Carlos Wanzeler (proper), co-founder of TelexFree’s US operations, has been on the run from US authorities since 2014.
Wanzeler was stripped of Brazilian citizenship in 2018, paving the best way for extradition to the US.
Carlos Costa (proper), who ran TelexFree’s Brazilian operations (Ympactus) with Wanzeler, has had run ins with Brazilian authorities pertaining to tax fraud, cash laundering and asset forfeiture.
In 2013, a 12 months earlier than TelexFree was shut down, Costa (proper) declared God used him to create the $3 billion greenback Ponzi scheme.
Regardless of their prison historical past, the lawyer representing Wanzeler and Costa in Brazil feigned ignorance when queried in regards to the arrests.
We have been shocked by this determination. We might want to know the inquiry that led to this motion.
Along with the arrests, fifteen Federal Law enforcement officials executed search and seizure warrants on three areas.
Prison issues are inclined to progress slowly in Brazil however keep tuned for updates…