Grupo PetraGold, founded by Eduardo Audi, presented itself as a financial services and investment firm based in Brazil. The company attracted a large number of investors by offering Collective Investment Contracts (CICs) with promises of high and fixed monthly returns, typically between 3% and 4%. However, its operations were investigated and ultimately suspended by Brazil's securities commission (CVM) in late 2020 for making irregular public offerings and operating a financial pyramid (Ponzi) scheme. Following the regulatory action, the company collapsed, leading to significant investor losses and legal proceedings.

Founded in

Brazil