Brazilian Police to Auction Assets Seized from Suspected Crypto Fraudsters

Authorities in Brazil have revealed their intention to auction off assets seized from Trust Investing, a suspected pyramid scheme operating in the cryptocurrency industry. A Federal Court in Campo Grande has granted permission for the auction, which includes seven luxury cars, including armored vehicles, valued at approximately $288,000.



The vehicles consist of BMWs, a Land Rover, Porsches, trucks, and other cars, with three of them being armored. The vehicles are owned by Patrick Abrahão and his wife, Perlla, a well-known pop star. Abrahão and his father, Ivonélio, who is a pastor, have been accused of orchestrating the alleged scheme.



Trust Investing attracted investors with promises of returns of up to 200% within 10 months, but suspicions arose when some individuals reported difficulties withdrawing funds from the platform.


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