Venancio Infrastructure e Comercio de Metais LTDA Venancio Infrastructure Breno Cavalcante Venâncio We were fraudulently induced to issue a Letter of Credit to purchase gold from Venancio Infrastructure e Comercio de Metais LTDA . Breno Venancio never had the gold; he never exported. LIE after LIE. Port Velho Rondonia
On or about April 2019, we entered into a contract to purchase roughly 35kgs of Gold 2-3x's per month from . We agreed to issue his company a DLC as collateral. For the past 7 weeks, Breno Venancio made up lie after lie and never had any gold. He blamed his delays on Brazilian export customs, Protege Logistics and Ferrari Group for his delay.
When we contacted Ferrari Group in Sao Paolo, we learned that Breno never delivered any gold. After further investigating, we learned that Breno Venancio stole and owes money to many of the mining groups of the Co-Opearative along the river in Porto Vehlo Rodonia. It is also learned that his motive was to monetize the LC to pay off his debts. Ultimately, the last man would get screwed. STAY AWAY FROM THIS DRUNKEN CON-ARTIST.
FYI- Complaints for money laundering, suspicious criminal and fraudulent activity were reproted to both US and Brazilian authorites.
*Its a shame that scammers like Breno Venancio taint the reputation of the gold business.