The Superior Court of Justice (STJ) denied yet another request for Habeas Corpus made by fake businessman Cláudio Oliveira, known by the nickname King of Bitcoin. The decision, taken by Minister Reynaldo Soares da Fonseca, was published this Monday (30). The minister pointed out that Oliveira was convicted in lower courts and was determined that he could not appeal in freedom for the “serious risk” he represents against public order. The criminal scheme led by him would have injured at least six thousand people. The STJ judge says that the risk of Oliveira being released, in addition to having a conviction, are the factors that make him deny Habeas Corpus. “The concrete gravity evidenced by the exceptional scale of the crimes can justify preventive detention, especially with the advent of a conviction, insofar as the evidence of authorship and materiality are corroborated”, he says. The creator of the Bitcoin Banco group has been in preventive detention since the beginning of July 2021. In November last year, the same minister Reynaldo Soares da Fonseca denied HC’s previous request made by Cláudio Oliveira. On the occasion, the member of the STJ said: “It is observed, in plan, that the deed shows a deficit of essential pieces for the complete understanding of the controversy”.
In April of this year, Cláudio Oliveira was sentenced to eight years and six months in prison for embezzlement and crimes against the national financial system. The sentence was handed down by Judge Paulo Sergio Ribeiro, of the 23rd Federal Court of Curitiba. The magistrate pointed out that Oliveira will not be able to appeal the sentence in freedom, as the facts that motivated the businessman’s preventive detention are still present: he could make investigations difficult. In the decision, the judge points out that the operation of the Bitcoin Banco Group, created by the entrepreneur, was fraudulent and was based on the creation of two companies: one listed Bitcoin with a high price and the other with a low price. Companies sold assets to each other and generated profits for investors. But it was all a facade, according to Justice. There were no real Bitcoins, no transactions, and nothing was recorded on the blockchain. The numbers were made up to create favorable balances and the “results” were presented on a platform called Fortknox. “Fortknox was nothing more than a kind of internal ledger created by the company to record these operations between the group’s exchanges, called arbitrage, which attracted investors due to the absence of fees and ease of carrying out operations (within the same platform). ), increasing its profitability. The system was designed to allow an infinite turn of arbitrage operations, generating unmeasured spreads and large book-entry profits for investors, with registration only on the Fortknox internal network”, says the judge.
Remember the case of the King of Bitcoin
Businessman Claudio Oliveira, the fake ‘King of Bitcoin’, was convicted of carrying out a BRL 1.5 billion scam through the Bitcoin Banco Group, whose headquarters were in an upscale neighborhood of Curitiba. It is estimated that about 7,000 people have been injured by it. The Bitcoin Banco Group, which operated for much of 2018, gained notoriety for trading around BRL 500 million per day within its system, something that attracted a large part of the 7,000 injured investors. In early 2019, however, the company halted withdrawals. At the time, the fake King of Bitcoin said that the business had suffered a hacker attack, which was later denied by the Civil Police. The company also managed to get the Paraná Court to approve a judicial reorganization process, which gave it more time to squander the resources it raised from people. The judicial recovery was transformed into bankruptcy.