Luxury cars valued at around R$3.88 million from fintech target of Operation Concierge go to judicial auction Disclosure/Positivo Auctions A fleet of 11 vehicles from the bankrupt estate of I9Pay Soluções em Pagos e Serviços, a fintech that was one of the targets of Operation Concierge, from the Federal Police, in 2024, will be auctioned from July 31st. In total, the cars are valued at around R$3.88 million. ? Fintech, a combination of the words “financial” (finance) and “technology” in English, is the term used to describe institutions that use technology to offer digital services and products in the financial market. The auction will be held online, as determined by the 1st Regional Court of Business Jurisdiction and Conflicts Related to Arbitration of Campinas. PF says that financial institution suspected of billion-dollar fraud was laundering PCC money According to the company Positivo Leilões, the initial bids correspond to 100% of the appraised value of each vehicle and range from R$63.6 thousand to R$1.15 million. The main highlight is a 1969 Dodge Charger Coupe, a collector's car and the most valuable item in the fleet, valued at R$1.15 million. Registered as a collector's vehicle, the so-called black plate, the model may arouse the interest of collectors and admirers of classic automobiles. Dodge Charger Coupe from 1969, a collector's car and the most valuable item in the fleet, valued at R$ 1.15 million Disclosure/Positive Auctions Still according to the notice, a 2022 Porsche Panamera hybrid, armored, valued at R$ 1.019 million will also be offered. The list also includes two armored hybrid BMWs, a 330e and a 530e, an armored Audi Q3, a BYD Song Plus, a Jeep Compass, two Jeep Renegade, a Chevrolet Onix and a Hyundai HB20S, which has the lowest valuation value. If there are no bidders in the first round, the auction will continue with a minimum bid equivalent to 50% of the appraisal value. If there are still no interested parties, the goods will be offered in the third phase, when proposals can be submitted starting at R$1,000. The auctions are completely digital and take place on the Positivo Leilões website. On the platform, interested parties have access to all information, notices, documents, photos and guidance on the qualification process and submission of bids. Operation Concierge and request for self-bankruptcy Understand the scheme that used accounts in traditional banks to deceive the financial system Operation Concierge was caught on the morning of August 28, 2024 in an operation against a gang that generated R$7.5 billion in crimes against the financial system and money laundering. The 14 arrests were made in the homes of those investigated in Campinas (SP), São Paulo (SP), Ilhabela (SP), Sorocaba (SP) and Americana (SP). The seizures occurred in several establishments, including vehicle stores, and the Court also authorized the freezing of R$850 million in accounts associated with the criminal organization. Under escort, seized luxury cars were taken throughout the day to the PF yard in Campinas and to a parking lot rented by the corporation. There are sports utility vehicles and sports cars from brands such as Porsche, Land Rover, BMW, Volvo and Mercedes-Benz. I9Pay was one of the fintechs investigated. In the self-bankruptcy request, the company stated that, during the investigations carried out within the scope of Operation Concierge, measures were determined that culminated in the blocking of its activities and financial assets, compromising its operation and directly contributing to the company's insolvency. PF operation against financial crimes investigates operations of two banks in Campinas