GuShiio.com GuShiio.com learned that according to the official website of the U.S. Department of Justice, Brazilian man Douver T. Braga was extradited from Switzerland to the United States on suspicion of a $290 million Bitcoin Ponzi scheme and appeared in federal court in Seattle. He was charged with 12 counts of telecommunications fraud and 1 count of conspiracy to defraud, carrying a maximum sentence of 20 years in prison. Braga runs the Trade Coin Club (TCC), which claims to use advanced algorithms to make money, is actually a Ponzi scheme that defrauds 82,000 bitcoins, of which at least $50 million goes directly into personal accounts. The case is being investigated by the FBI and IRS-CI. Braga denies the charges and the trial is scheduled for April 28, 2025.
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