In the United States, $ 24 million in cryptocurrency was confiscated from the operator of a fraudulent investment scheme The US Department of Justice confiscated $ 24 million in cryptocurrency at the request of the Brazilian authorities. These funds are believed to be related to a cryptocurrency investment scheme that fraudulently embezzled over $ 200 million invested by tens of thousands of Brazilians.

In the USA, $ 24 million in cryptocurrency was confiscated from the operator of a fraudulent investment scheme

US Department of Justice confiscated $ 24 million in cryptocurrency by the authorities' request Brazil. These funds are believed to be related to a cryptocurrency investment scheme that fraudulently embezzled over $ 200 million invested by tens of thousands of Brazilians..

As part of Operation Egypto, Brazil issued an order to seize the cryptocurrency held by Marcos Antonio Fagundes. In Brazil, he is charged with several counts, including organizing a business illegally as a financial institution, violating laws on securities and money laundering.

Fagundes presumably ran a scheme that offered the possibility of investing money in cryptocurrencies online and in person. Investments were attracted in Brazilian reals and cryptocurrencies for, it was alleged, further investment in digital assets for profit.

According to the investigation, in this way the fraudsters invested a very small amount, while simultaneously making false statements about the expected return and their investment plans. The scheme has worked since August 2017 year to May 2019.

The US Department of Justice clarifies that the confiscation of the cryptocurrency was carried out under the current agreement with Brazil on mutual legal assistance.

 

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