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 follow of monetary pyramiding and cash laundering, by asset managers that function all through the nation with out working a license.
I consider the fees are Brazil’s wire fraud and securities fraud felony regulation 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.
Based on the investigators … the journey of those corporations invariably ended with buyers writing police stories as a result of they thought-about themselves victims of embezzlement.
Brazils’ felony investigation into Han is reported to have begun in 2019. In 2020 a Sao Paulo Decide shut down prosecutor’s makes an attempt to deliver a case in opposition to Han, citing “inconsistencies” with proof introduced.
The proof hooked up to the case file was not adequate to establish that these answerable for the investigated corporations shaped a felony 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 have been unsuccessful.