A former Empiricus partner will spend 30 years in prison for financial crime

Arrested since last August in the United States, Marcos Elias, a portfolio manager and badyst who helped found Empiricus, confessed on Monday (04) the crime of conspiracy against US financial institutions, according to the Attorney General Geoffrey S.

According to the newspaper al, Elias could be sentenced to 30 years in prison for participating in a scheme to obtain more than 750,000 USD (about 3 million R $) from institutions.

Graduate in Mechatronics Engineering from the University of São Paulo (USP), Elias conducts an internship and several jobs in the financial field and

Confronted with the financial crisis in the United States after the collapse of Lehman Brothers in September 2008, Elias closed the portfolios for redemption and

Empiricus, as head of research, wrote in his comments reports considered controversial by the market, one of which was Purpose of a process that caused him to lose his license for 12 months. months, according to the newspaper.

He left the company in 2012, claiming he was pressured to leave him. Five years later, Elias pursued Empiricus. The stock could then compensate him up to R $ 10 million, which would represent the value of the sale of his interest, if any.

In July of last year, the action was considered extinguished by an order signed by the judge of 21

Aggressive Marketing Empiricus

At the end of last year, the Securities and The Exchange Commission (CVM) had suspended a measure removing the requirement for accreditation of Empiricus as a securities badyst, which suspended the imposition of fines imposed to the company.

The CVM reacted to investor complaints. She considered that the company's digital marketing was aggressive, which had been refuted by the Empiricus general manager, Felipe Miranda, who claimed that it was "an badertive publicity" "and" Americanized ".

After the judicial setback, Miranda, an economist, said that she was not respecting the CVM as its regulator and that Empiricus was a society of journalists and not a house of badysis. securities.

Estimated revenues of Empiricus in 2018 amounted to R $ 170 million in the second half of the year. . At the time, the company had 235,000 subscribers.

An badyst says not to buy Bitcoin

Andre Franco, badyst of Empiricus cryptomoedas, in a video entitled "The era of post-bitcoin – video 04". December of last year, said that people should not buy Bitcoin because he would have discovered a cryptoactif that would be multiplied by 93. "Do not buy Bitcoin," says the same video.

Recall that the company's latest recommendation was the purchase of the cryptomoeda Chronologic in 2017, where videos with similar content were circulating on the Internet. The result is, however, bitter: Chronologic records a fall of 99% from its historical peak.

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