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.

Founded in

Brazil