Venezuelan National Charged in $1 Billion Cryptocurrency Money Laundering Scheme

TLDR: Jorge Figueira allegedly laundered approximately one billion dollars using cryptocurrency and shell companies. The FBI traced funds through multiple crypto wallets to individuals and businesses in high-risk jurisdictions. Figueira converted cash to cryptocurrency then back to dollars through liquidity providers to conceal origins. If convicted of conspiracy to launder money, Figueira faces a maximum [...]

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