🇧🇷 Brazil sentenced 14 people for laundering $95 million through Bitcoin and fake companies👤🤯
💸 A court in Brazil issued harsh sentences to a criminal group that laundered over 508 million reais ($95 million), using Bitcoin and shell companies.
🕵️♂️ According to the investigation, from 2019 to 2024, the group created fictitious firms, forged documents, and conducted crypto transactions to hide the origins of funds from drug trafficking.
⚖️ The leaders of the scheme received over 21 years in prison, while other participants received sentences ranging from 10 to 17 years.
🔍 Investigators found that the money was converted to BTC, “shuffled” between wallets and companies, and then integrated into the economy as “legal” income.
📉 This case shows that even in crypto, absolute anonymity does not exist — blockchain analytics work, and Brazilian law enforcement is increasingly tackling similar schemes.
#Brazil #CryptoNews #news $BTC $BNB $SOL
