A legal executive at a fraudulent Brazilian cryptocurrency investment platform has had appeals against the warrant for his arrest rejected. The ruling judge claims Fernando Lusvarghi of Unick Forex was a prominent member at the company and, therefore, the warrant against him still stands.
The Chief Legal Officer of Unick Forex, Fernando Lusvarghi, was named amongst 64 others in arrest warrants issued earlier this month. The ensuing police action against the Unick Forex leaders, known as Operation Lamanai, took place across multiple Brazilian cities on October 17. Authorities arrested nine individuals and seized high-value luxury goods alongside 1,500 Bitcoin. Lusvarghi managed to evade the operation and remains at large.
The company in question claimed to guarantee investors profits of two percent per day. To achieve these far-fetched gains, it would trade cryptocurrencies and forex markets. Unick also operated a tiered-referral scheme where deposits made by new members would provide bonuses for older ones. According to a report in SueDinheiro, the company had operated without authorization from Brazil’s financial regulators and had received an investment of around R $2.4 billion (more than $603 million).

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Rick D.
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time in 2016, he put a growing passion for Bitcoin to work for him. He has since written for a number of digital asset publications.
A former professional gambler, Rick first found Bitcoin in 2013 whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time in 2016, he put a growing passion for Bitcoin to work for him. He has since written for a number of digital asset publications.
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