TelexFree Brazil co-owners Carlos Wanzeler and Carlos Costa have been sentenced to 12 and a half years in jail.
The pair have additionally been fined R$1 million ($183,698 USD) every.
There’s just a few TelexFree instances occurring in Brazil, however I imagine that is the Espirito Santo prison case that emerged in 2017.
Of notice is Carlos Wanzeler’s daughter, Lyvia Mara Wanzeler, was acquitted.
In the meantime it’s unclear whether or not Carlos himself will really serve his sentence.
Wanzeler was stripped of his Brazilian citizenship again in February. Two days later he was arrested on a US warrant.
Since then we’ve had no phrase however we imagine Wanzeler is within the technique of being extradited to face prison costs within the US.
Carlos Costa (proper) is outwardly in a position to drag proceedings out for a while but. As reported by Globo, the sentence is just “half one”.
As I perceive it Costa is ready to enchantment the sentence and that’ll keep on for just a few years but.
Brazilian authorities sentenced Costa to 3 years jail again in 2019. He acquired out of precise jail time on a technicality.
Final December Costa and Wanzeler have been arrested as a part of a federal cash laundering investigation.
The pair have been launched on bail two days later.
Final we got here throughout Costa he was fronting Pipz, an ecommerce platform MLM firm.
Pending additional updates on the Espirito Santo prison case, keep tuned…