The price of a cryptocurrency created by a Brazilian company has melted after a sports betting site blocked withdrawals for customers in the interior of Sao Paulo.
The platform in question is Lance Certo, which is part of a group of companies from Tupã. Other companies in the conglomerate include Lance Certo Bet, which does not allow withdrawals, citing problems with its financial partner.
According to a recent statement from the company’s legal department, all of DC remains closed. Hence, customers are unable to recover their money trapped on the platform. Someone did not wait and took legal action against the company.
After losing money with melted cryptocurrency on a sports betting platform, the customer is suing
Claiming that a potential financial pyramid called Lance Certo Bet locked up its funds, a customer filed a lawsuit in São Paulo. The process includes terminating the contract and returning the money.
The company lured the investor with promises of 7% monthly income. This high value promised by the company would only be possible through the sum of all its businesses, which included a gas station, a sports betting platform, and a cryptocurrency.
However, the sports betting platform’s cryptocurrency melted 97% in the market, leaving investors at a loss. In addition, a client who filed a lawsuit with TJSP was afraid that business owners would flee Brazil.
It claims, in short, that it has committed itself to a business plan contract consisting of a financial investment in Lance Certo, which has been in charge of other companies of the same economic group, which is engaged in sports trading, pub, cryptocurrency, gas station fuel and online gambling house. Internet, among other things, after he has invested 20,000 reais (twenty thousand Brazilian reais), in which he will receive 7% (seven percent) per month, as a profit from the profits of the companies, and at the end of 12 months, he can renew the contract or request a full refund of the amount he contributed with it.
However, it adds that in November 2022, the defendant company halted all withdrawals, transfers, and returns, through communication with investors, with the overnight depreciation of the company’s crypto assets LANCE CON depreciating 97% (ninety-seven percent).
Analyzing the case, the judge understood that the documents prove possible market fraud for investors. Hence, I decided to seize the amount of R$20,000 from the defendants’ accounts, cars and properties on behalf of the debtors. In addition, she specified the passport ban for the royal couple.
Notably, Lance Certo invited celebrities to promote her cryptocurrency, Lance Coin, on Toba. Among them, artists Nicole Bahls, Progota, Evan Mori, Fufukito and Pitoko appeared in a video released by Potential Pyramid.
The Federal Police must urgently block the Lance Certo leaders’ passport
At the end of the judicial decision, the investigating judge TJSP still understands that the case in question is very serious.
Thus, it decided that the Federal Police should be aware of the decision to urgently seize the passport of the company’s leaders, who are businessmen, and prevent them from leaving Brazil.
“Write, urgently, to the Federal Police to proceed with the withholding of the passport of the accused: ANDERSON XX, Brazilian, married, businessman, holder of RG n.º XX-0 SSP / SP and CPF n.º XXX. .XXX-01 and ALINE BARBOSA XXX, Brazilian, married, businesswoman, holder of RG No. XX SSP/DF and CPF No. XXX.XXX.XXX-18, both residing at Avenida XXX, No. XX, Tupã, SP, CEP 17603-XXX “.
Livecoins could not find officials to comment on the court proceedings and withdrawal delays, but the space is still open for demonstrations.
Last Friday (13), on social networks, a man who identified himself as the legal director announced that Lance Certo is seeking to resolve the situation, “Regrets the arbitrariness of the financial intermediary“.
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