Operation Egypto

Amid a criminal investigation into its principals on suspicion of swindling tens of thousands of Brazilians out of more than $200 million in a crypto-based investment scam, the administrator of bankrupt Brazilian crypto firm Indeal Consultoria em Mercados Digitais Ltda. has applied for Chapter 15 recognition in the United States as he seeks to recover assets for creditors.

Redacted Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Brazil by Laurence Bica Medeiros, as the Foreign Representative of Indeal Consultoria em Mercados Digitais Ltda., described as "offering returns of around 15% per month “through the administration and management of cryptocurrencies"”, filed at the U.S. Bankruptcy Court for the District of Columbia.