US SEIZES VIRTUAL CURRENCIES VALUED AT $24 MILLION ASSISTING BRAZIL IN MAJOR INTERNET FRAUD INVESTIGATION

A news release from US DoJ on 4 November announced that the DoJ has seized virtual currency worth an estimated $24 million on behalf of the Brazilian government.  The seizure order was obtained pursuant to an official request from Brazil, made under the Treaty on Mutual Legal Assistance in Criminal Matters, for assistance in connection with a large cryptocurrency fraud scheme in a Brazilian federal police investigation called “Operation Egypto”.  Brazilian authorities estimate that more than $200 million was obtained through this scheme through which more than tens of thousands of Brazilians may have been defrauded.  The US seizures were tied to Brazilian Marcos Antonio Fagundes’ alleged role in the scheme.

https://www.justice.gov/opa/pr/us-seizes-virtual-currencies-valued-24-million-assisting-brazil-major-internet-fraud

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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