Polish police have arrested Ivan Manuel Molina Lee, president of Crypto Capital, on accusations of cash laundering.
According to reviews in Polish newspaper W Polityce and information portal RMF24, the crypto entrepreneur was extradited to Warsaw, Poland underneath police escort. Polish authorities declare that Molina Lee is needed in Poland for laundering as much as 1.5 billion zloty or about $390,000,000 “from illegal sources,” in accordance the the Polish report.
Authorities wrote that Molina Lee’s crimes included “laundering dirty money for Columbian drug cartels using a cryptocurrency exchange.”
Polish prosecutors declare that Crypto Capital held accounts in Bank Spółdzielczy within the city of Skierniewice and that Molina Lee and BitFinex laundered unlawful proceeds by way of the nation.
The firm has been in hassle earlier than. Molina Lee is straight related with a U.S. Department of Justice declare that charged two people with operating a “shadow banking” service that supplied financial institution accounts for crypto firms. His firm, Crypto Capital, allegedly misplaced $850 million of Bitfinex’s money, resulting in a $1 billion token sale this yr.
“This the largest effort by Polish prosecutors to secure losses associated with illegal activity,” wrote Polish prosecutors. “The effort was a combined effort between Polisha and international special forces. The proceedings were conducted by prosecutors from the Lower Silesian Branch of the Department for Organized Crime and Corruption of the National Prosecutor’s Office in Wrocław and officers who closely cooperated with Europol, Interpol and US services, including the DEA.”
Your Opinion Matters
Quality - 10
10
Total Score
Your feedback is important to us to improve our services. We constantly seek feedback to improve and evolve our service, whilst identifying opportunities to assist clients in realising their business objectives.
User Rating: 5 ( 4 votes)
Comments