The Federal Police of Brazil initiated Operation Financial Trace in Macapá on Friday to investigate a group suspected of committing banking fraud against clients of Caixa Econômica Federal. This operation involved the execution of six search and seizure warrants across various neighborhoods in Macapá, specifically in Buritizal, Novo Horizonte, and Trem. The main aim of the operation is to uncover the unlawful acquisition of banking data by the suspects, who have been conducting unauthorized transfers, payments, and transactions using this stolen information.

According to the investigation, while the clients of Caixa were the direct victims of these frauds, the financial losses were borne by the bank itself, which has compensated the affected customers for the funds withdrawn from their accounts. The ongoing efforts of the Federal Police aim not only to collect additional evidence but also to identify other potential members of the criminal group and dismantle the fraudulent scheme completely. The investigation underscores the continuing vulnerabilities in digital banking security and the need for robust measures to protect customers.

The suspects involved in this case may face serious charges of banking fraud, which could result in sentences of up to nine years in prison, in addition to fines. The police have indicated that investigations will continue, and further phases of this operation may be launched as they seek to fully uncover the extent of the criminal activities.