Financial Crime Financial Crime

Fund manager charged by Brazilian prosecutors for defrauding investors

By Caio Rinaldi
  • 16 Jun 2020 10:57
  • 16 Jun 2020 10:57
A Brazilian fund manager was charged by federal prosecutors in São Paulo for defrauding investors.
Manoel Teixeira de Carvalho, who managed three different funds between November 2013 and March 2016, diverted money by issuing securities without financial backing and providing investors with false information.

The funds defrauded by Carvalho

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