From TokenPost · · 50s
Italy Targets 30 in Crypto Mafia Laundering Case
Italian prosecutors accuse mafia-linked crypto network of laundering $79m through shell companies and drug sales.
In brief
Italian prosecutors accuse mafia-linked crypto network of laundering $79m through shell companies and drug sales. Italian authorities arrested 30 suspects in a $79 million crypto money laundering scheme tied to mafia groups. Originally reported by TokenPost.
Italian prosecutors target 30 suspects
Italian prosecutors accused an underground banking network tied to mafia groups of moving about $79 million overseas in a crypto laundering case.
Network used shell companies for drug sales
Investigators identified more than $128 million in false invoices from shell companies that took cash from drug sales and moved funds through banks in Luxembourg, Lithuania and Germany.
Cross-border crypto laundering route
The suspected laundering route combined bank transfers and cryptocurrency transactions, with funds from crypto investment scams passing through the network.
The short version
Italian authorities arrested 30 suspects in a $79 million crypto money laundering scheme tied to mafia groups.
