A former bank correspondent has been arrested in Rio Branco, Brazil, on suspicion of orchestrating a fraud scheme that reportedly victimized retirees, pensioners, and public employees. The local Civil Police believe that the criminal ring has caused losses exceeding half a million reais, indicating the scale of the operation. The investigations commenced in 2025 when a firefighter reported the suspect after falling victim to the scheme, revealing a complex web of deceit involving financial transactions.

According to police officials, the suspect would present himself as a bank correspondent, promising lower-interest loans and the renewal of financial agreements. He allegedly swindled victims by keeping substantial amounts of the loans for himself while giving them far less than promised. The investigation has uncovered multiple victims across the state of Acre, demonstrating a wide reach and the persistent nature of the fraud being perpetrated.

This arrest reflects ongoing efforts by local law enforcement to combat financial crimes, particularly those targeting vulnerable populations like retirees and public servants. The police have implemented further measures to ensure community awareness and safeguard potential victims from falling prey to similar schemes in the future, which have become increasingly prevalent as financial transactions move online and become more complex.