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Department Of Justice Claims $24 Million In Crypto In Aid Of Brazilian Major Internet Fraud Investigation
Summary: The Department of Justice has seized $24 million in crypto after a request from the Brazilian government, according to a recent announcement. The funds are believed to be tied to an investment scheme which scammed Brazilian citizens out of more than $200 million. The holder of the funds, Marcos Antonio Fagundes, was keeping them in the ...
The Department of Justice has seized $24 million in crypto after a request from the Brazilian government, according to a recent announcement.
The funds are believed to be tied to an investment scheme which scammed Brazilian citizens out of more than $200 million. The holder of the funds, Marcos Antonio Fagundes, was keeping them in the United States and is facing a slew of charges in Brazil including illegally operating a financial institution, securities violations and money laundering.
Fagundes promised investors that their money would be invested in cryptocurrencies and that they would see large returns. The Brazilian government contends very little of the money was invested in cryptocurrencies and that Fagundes made a slate of false statements to investors.
By Emily Mason
Tags: Brazil,Cryptocurrency,Department of Justice,DOJ,Fraud
Link: Department Of Justice Claims $24 Million In Crypto In Aid Of Brazilian Major Internet Fraud Investigation [Copy]
