US authorities confiscated $24 million in cryptocurrencies from a Brazilian criminal

The US Department of Justice confiscated $24 Milln in cryptocurrencies at the request of the Brazil government. Funds are related to the fraudulent scheme, The organizers of which lured $200 Milln of thousands of Brazilians.

Confiscated funds lay on the wallets of Markos Antonio Fagundesa (Marcos Antonio Fagundes). In Brazil, Fagundes is accused of creating an illegal financial institution, violation of the law on the circulation of securities and money laundering.

Fagundes launched a fraudulent scheme, in which he offered investments in cryptocurrencies via the Internet. Victims were attracted by the promised big profit, And they invested their cash, and also transferred cryptocurrencies to the wallets of the criminal.

According to law enforcement agencies, Only a small share of the received funds was really invested in cryptocurrencies, Therefore, Fagundes was accused of fraud.

Europol recently arrested the members of the QQAAZZ group, which was engaged in laundering cryptocurrencies, obtained by criminal means. For this, QQAAZZ used a large network of bank accounts, fake persons and fake companies.