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Brazilian national extradited to US over alleged bitcoin Ponzi scheme

( February 21, 2025, 16:51 GMT | Official Statement) -- MLex Summary: A Brazilian citizen appeared in US District Court in Seattle after being extradited from Switzerland to face a 13-count indictment for wire fraud and conspiracy regarding his bitcoin investment scheme. Douver T. Braga lived in Florida between approximately 2016 and 2021 during the bulk of the alleged fraud. The indictment alleges Braga operated a bitcoin investment scheme that was really a Ponzi scheme, as well as an illegal multilevel marketing scheme.Statement follows below. Indictment attached....

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