The police in Sao Paulo, Brazil, said on the X (formerly Twitter) platform that the city had dismantled a money laundering scheme managed by drug gang First Capital Command (PCC), which operated a cryptocurrency exchange company.
According to CNN, the company conducted transactions worth about 500 million reais ($89 million). During the raid, police seized checks worth 55 million reais ($8.90 million) at the company's headquarters, whose name has not been released. A recent report in The Economist said that "First Capital Command" is known as the largest gang in Latin America, with nearly 40,000 members and nearly 60,000 contractors.
Brazilian police smash drug gang's cryptocurrency money laundering scheme, involving $89 million
2024-08-07 18:48:15
Brazil sao paulo police twitter platform said on city drug trafficking gangdesk3cryptocurrencydesktopCrypto News
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