Deputy Alfredo Gaspar has called for the summoning of Guilherme Haddad, the director of Binance Brazil, to testify before the Brazilian parliament as part of an ongoing investigation into alleged pyramid schemes in the country, according to the latest report.
The request was made on June 21 and will be put to a vote on June 27 by members of the Parliamentary Commission of Inquiry (CPI).
Gaspar, a member of the CPI on Financial Pyramids, proposed the request in response to Binance’s regulatory issues in several countries, including Brazil.
The company is currently under investigation by the Brazilian Securities and Exchange Commission (CVM) for allegedly offering unauthorized derivative products.
Furthermore, Gaspar pointed out that Binance had been utilized by pyramid schemes such as Ever Operations and Investments and Braiscompany.
According to Gaspar, understanding Binance’s operations in Brazil, its relationship with B Fintech (its official representative), and its connections to companies involved in consumer harm cases is crucial for the CPI’s investigation. Gaspar argued that the exchange’s involvement with these entities makes it integral to the inquiry.
Guilherme Haddad Nazar, the director of Binance Brazil, was appointed as general manager of the exchange in the country in late 2022. Prior to his role at the exchange, he served as vice president and general manager of Loft, a technology company in the real estate sector, and as the head of operations for Uber in Brazil.
Binance Claims Cooperation With Authorities IFraud Cases
In response to the CPI’s investigation, Binance issued a statement expressing its willingness to cooperate. The company claimed to have assisted law enforcement agencies in various investigations and helped victims recover their funds.
Binance cited its collaboration with the Federal Police in the investigation of GAS Consultoria and its recognition by authorities in the Braiscompany case.
Additionally, another member of the CPI, Deputy Júnior Mano, proposed the summoning of Carlos Eduardo de Lucas and Glaidson Tadeu Rosa, the leaders of the MSK Invest pyramid scheme.
The request came after numerous crimes were attributed to the leaders, including financial pyramid schemes, money laundering, and false advertising.
The investigation into pyramid schemes in Brazil aims to uncover and hold accountable those responsible for defrauding thousands of people who invested in fraudulent schemes promising high returns.
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