Despite promises to continue running the scam on Facebook, authorities are closing in on D9 Clube in Brazil.

Following a six month investigation, Brazilian police launched operation Giza on Thursday morning.

Operation Giza saw
search warrants issued
and raids conducted at ten different locations.

So far a boat, computer server, Harley Davidson motorcycle, drone and camera have been seized.

Local news reports are claiming one of the D9 Clube properties raided belonged to Marcos Franca, a top earner in the $3 billion dollar
TelexFree
Ponzi scheme.

Authorities in the Brazilian state of Bahia state D9 Clube was founded in Itabuna, ‘
but has since expanded into other states and even to other countries
‘.

Police are looking to charge D9 Clube staff and affiliates with tax crimes, crimes against the economy and formation of a pyramid scheme.

Preliminary estimates suggest D9 Clube was a R$2 billion Ponzi scheme ($642 million USD). Reported investor losses currently stand at R$200 million ($64.2 million USD).

BehindMLM
reviewed D9 Clube
in August 2016 and, seeing no evidence of any sports betting taking place, concluded it was a Ponzi scheme.

Brazilian police are expected to hold a press-release later today with more information. Stay tuned…

🤖 Quick Answer

What is Operation Giza?
Operation Giza is a Brazilian police operation launched following a six-month investigation targeting D9 Clube. The operation involved issuing search warrants and conducting raids at ten different locations, resulting in the seizure of assets including a boat, computer server, motorcycle, drone and camera.

Where was D9 Clube founded?
D9 Clube was founded in Itabuna, a city in the Brazilian state of Bahia. The organization subsequently expanded its operations to other Brazilian states and countries, establishing a widespread international presence before police intervention.

What charges are authorities pursuing against D9 Clube?
Brazilian authorities are investigating charges of tax crimes and other criminal offenses against D9 Clube staff and affiliates. The investigation revealed the organization's financial operations and connections to individuals previously involved in the TelexFree Ponzi scheme.

🔗 Related Articles

- Gunshots rang out as Karatbars International collapsed
- Zionix Global Ponzi to reboot for third time
- PGI Global’s UK shell company shut down by High Court
- Ant Ranch “click a button” app Ponzi collapses
- Authorities to target banks helping to facilitate MMM Nigeria Ponzi scheme