Police in Sao Poalo raided Philip Han’s luxurious rental at 5am on Tuesday, August twenty third.
As reported by Estadio (paywall), Han and his spouse Carla Moreira Han are suspected of
the follow of economic pyramiding and cash laundering, via asset managers that function all through the nation with out working a license.
I imagine the costs are Brazil’s wire fraud and securities fraud legal legislation equivalents.
Han’s final rip-off, My Hash, collapsed in early to mid 2021.
In line with the investigators … the journey of those corporations invariably ended with traders writing police reviews as a result of they thought-about themselves victims of embezzlement.
Brazils’ legal investigation into Han is reported to have begun in 2019. In 2020 a Sao Paulo Choose shut down prosecutor’s makes an attempt to convey a case in opposition to Han, citing “inconsistencies” with proof offered.
The proof connected to the case file was not ample to determine that these accountable for the investigated corporations shaped a legal group, or that the conduct practiced was substantiated in strategies to cash laundering.
I don’t know what proof was submitted however that’s a reasonably substantial cock up by Brazilian authorities.
In any occasion, it appears police continued to research Han, resulting in the raid on Tuesday.
As I perceive it Han has but to be arrested. Estadao makes an attempt to contact Han and his spouse for remark had been unsuccessful.