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Reuters
Reuters
Business

Brazilian police bust 'Wolf of Wall Street' crime ring in Lisbon

Brazilian police and the Portuguese branch of Interpol have dismantled a criminal network operating a sham company in Lisbon that defrauded thousands of Brazilians in a scheme inspired by the film "The Wolf of Wall Street".

In a statement, Brazilian police said a Czech national based in Lisbon had opened a call centre and hired hundreds of struggling Brazilian workers living in the Portuguese capital.

They were tasked with calling people in Brazil and convincing them to invest in stocks. The victims' money ended up in company accounts while they were told it had been lost in the market.

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