One of Inovepay's properties that was put up for auction — Photo: Valienge Brasil
Four properties owned by fintech Inovepay, a company that was the target of a Federal Police (PF) operation against fraud in the financial system and money laundering, were put up for judicial auction starting this Thursday (24). The properties, valued at around R$2.6 million, are located in Campinas (SP).
The auction was determined by the 1st Regional Court of Business Competence and Conflicts Related to Arbitration of Campinas after the bankruptcy of the owner.
According to Inovepay itself in the self-bankruptcy request, the investigations resulting from the police operation culminated in "the blocking of its activities and financial assets, compromising its operation and contributing to its insolvency".
In July 2026, the Court ordered the auction of 11 fintech vehicles, valued at around R$3.88 million. The fleet included a 1969 Dodge Charger Coupe, registered as a collector's vehicle, a hybrid Porsche Panamera, two armored hybrid BMWs, and other automobiles.
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Land and apartments
One of the apartments that was put up for auction — Photo: Valienge Brasil
This time, land and three apartments in Campinas will be auctioned. The event will be held exclusively online, through Positivo Leilões — the auctioneer chosen by the Court.
The first round starts at 11am on September 24th and continues until the 29th, with bids starting at 100% of the properties' appraised value.
If there are no proposals, the competition will advance to the second round, until October 14th, with a minimum bid of 50% of the evaluation.
If there are no bids at this stage either, the auction moves to the third and final round, between October 14th and 29th, with bids starting at R$1,000.
See which properties are:
Land measuring 1,282.38 m² in a high-end condominium in the district of Sousas, valued at R$833.5 thousand.
A penthouse in Cambuí, valued at R$627,600;
Two apartments in Cambuí, valued at R$579.9 thousand and R$588.7 thousand.
Operation Concierge
The operation was launched by the PF on August 28, 2024 and targeted a gang that generated R$7.5 billion in crimes against the financial system and money laundering.
According to the investigation, the group created two digital banks not authorized by the Central Bank (Bacen) to carry out financial fraud. The digital banks, called fintechs, suspected of involvement in the scheme were Inovepay and T10 Bank.
According to the Federal Police, fintechs had accounts in traditional banks and offered, via the internet, clandestine accounts that allowed transactions within the official banking system.
Still according to the corporation, these operations ended up being "invisible" to the financial system. Therefore, the scheme mainly served people protected by blocking, seizure and tracking orders.
The transactions were used by criminal factions, as well as companies with labor and tax debts. The movement of R$7.5 billion allowed, according to the PF, a "luxurious standard of living for those involved".
The unfolding of the operation sought to combat fraud at BNDES — Photo: Disclosure/Federal Police
During the investigation, the Brazilian Federation of Banks (Febraban) reported the irregularities to the Federal Public Ministry (MPF). In addition to accounts in traditional banks, the group also used credit card machines in the name of shell companies, which characterizes money laundering.
The PF reported that, during the investigation, it identified everyone involved in some way in financial fraud, whether in logistical, financial or operational support.
At the time of the police action, Inove Global Group's lawyers vehemently denied having anything to do with the facts mentioned by the police authorities and reported by the press. The group also highlighted its full willingness to collaborate with the investigations.
In October 2024, the operation unfolded due to an attempted fraud of R$300 million at the National Bank for Economic and Social Development (BNDES).
The name of the operation, "Concierge", is a French word that refers to a professional who meets specific client needs and alludes to the provision of clandestine services for hiding capital.
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