PF investigates fintech and lobbyist for attempting to defraud BNDES of R$300 million

This Wednesday morning (30), the Federal Police launched Operation Wolfie, which is investigating an attempted fraud of R$300 million against the National Bank for Economic and Social Development (BNDES). The action aims to disrupt a scheme that involved a fintech and aimed to obtain financing for the acquisition of a bank authorized by the Central Bank (BC).

The investigations began with documents seized in Operation Concierge, carried out on August 28. Analysis of this data revealed that the fintech under investigation had filed a financing request with BNDES days before the operation, using falsified documents.

The scheme involved the fintech owner, his accountant and a lobbyist, who would be responsible for working to approve the request with BNDES. However, funding was denied just days after the Concierge outbreak.

As part of this Wednesday’s operation, three preventive arrest warrants were served in Campinas and two search and seizure warrants were served in the cities of Campinas and Hortolândia, all issued by the 9th Federal Court of Campinas.

Those under investigation may be liable for crimes such as misrepresentation, use of false documents, criminal association, obtaining financing through fraud and administrative advocacy. Combined, the maximum sentences can exceed 25 years in prison, reflecting the seriousness of the charges and the potential impact on BNDES and the national financial system.

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