Italy Busts Mafia ‘Secret Bank’ That Laundered Money Through Crypto, Seizes $24M

Share

Italian police arrested 30 people accused of running an underground bank for organized crime from a car-rental business near Milan. Authorities seized €21 million in assets, including cryptocurrency, cash, bank balances, boats, jewelry and luxury watches. Prosecutors said the network issued more than €110 million in fake invoices and moved about €68 million abroad, partly through cryptocurrency exchanges. The investigation led by the Guardia di Finanza also involves a financial police inspector, a Milan court employee and a lawyer, with arrests additionally made in Spain and Switzerland.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items