4trader Investimentos

4trader Investimentos, led by Alberto Alcântara da Silva, operated out of Campo Grande, MS, Brazil. The company solicited public funds by promising exceptionally high and guaranteed monthly returns (between 5% and 15%) from supposed investments in the Forex and cryptocurrency markets. In 2019, the Brazilian securities commission (CVM) issued a stop order against the company for making an irregular public offering of collective investment contracts. Subsequently, the company collapsed and became the target of a Federal Police investigation named "Operação Madoff," which led to the arrest of its owner and confirmed its operation as a financial pyramid scheme that caused significant losses to thousands of investors.