D9

D9 Clube de Empreendedores was founded by Danilo Vunjão Santana Gouveia in 2016, with its headquarters in Brazil. The company solicited public investment by promising exceptionally high returns, often advertised as 30% per month, allegedly generated through expert sports trading and betting. It operated on a multi-level marketing (MLM) model, where members were heavily incentivized to recruit new investors to earn commissions. Following investigations by Brazilian authorities and warnings from international financial regulators, the company was identified as a fraudulent financial pyramid (Ponzi scheme). Its operations collapsed, leading to significant financial losses for its members, criminal investigations, and the arrest of its founder.