Prosecutor Joseane Suzart said Gensa, Zurich and New Tiger are suspected of cryptomime fraud
The Public Ministry of Bahia has filed a lawsuit against the companies of the Genbit group for not informing the consumer about the risks of their suspicious business with cryptomoeda and acting irregularly in the market damaging clients.
Suzart, then, asked the Justice that the companies be prevented from offering to the public Collective Investment Contracts (CICs) on arbitrage operations with Bitcoin Machine app or any other cryptomoedas, regardless if these operations occur with robot or not.
According to a note issued by the agency on its website, the companies New Tiger Merchant Bank Ltda, Gensa Serviços Digitais S/A and Zurich Capital Investimentos e Partição Eireli may have their activities suspended, while the process is ongoing. If the companies are convicted, they will have to return the money and compensate the victims even for the moral damages suffered.
The request was from prosecutor Joseane Suzart, who mentioned the prohibition of the Securities Commission (CVM) on the activities of Genbit in the market. She mentioned the risk of these companies being acting in a fraudulent business with the promise of easy gains through the so-called Multinable Marketing, which cannot endure.
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It also required the interruption of any financial movements with money invested by consumers. The promoter in the same action argued that these companies should also be forbidden to propagate lies that they are solid and have authorization from competent public agencies to act in the market.
This kind of conduct that has been committed by the companies associated to the brand Genbit, in the view of the prosecutor of the state of Bahia, is clear disrespect to the Code of Consumer Protection and may lead to the criminal offense entitled misleading offer.
The prosecutor mentioned in her petition the Public Civil Action filed by the MP of São Paulo in which several irregularities committed by Gensa, Zurich and New Tiger companies were addressed.
She mentioned that Gensa, since when it was known as Zero10 Club, together with the other two companies had been offering investment plans without ballast, framed as securities.
The business, according to the note, promised various forms of financial gain through an „exclusive business plan“ and could not say that consumers knew the risk of this suspicious business, because as the attorney pointed out, these companies did everything to deceive their customers with false promises of solidity and regularity in the market.