HomeNewsCosta Rica Busts Major Cryptocurrency Laundering Ring

Costa Rica Busts Major Cryptocurrency Laundering Ring

At least 36 people were arrested this Tuesday in Costa Rica in a vast police operation, including judges, lawyers, and two Spanish ringleaders of the gang dedicated to property theft and money laundering through cryptocurrencies, authorities reported.

The director of the Judicial Investigation Agency (OIJ), Randall Zúñiga, said in a press conference that it is “a fairly consolidated criminal organization” that allegedly “was dedicated to stealing or robbing properties from people in the country and subsequently legitimizing them to third parties.”

According to the investigation, which began two and a half years ago, the network laundered capital from stolen properties through the purchase of cryptocurrencies. “In a single transaction on one particular day, they moved 13 million dollars in bitcoin,” Zúñiga commented.

The gang had the services of cryptocurrency experts, and its ringleaders were two Spanish citizens, aged 41 and 42, without regular migratory status in Costa Rica, he indicated.

During the operation, which involved about 500 OIJ agents, 47 raids were carried out throughout the country. At least 36 were arrested, and others are expected to be apprehended shortly.

Zúñiga specified that all those arrested are charged with crimes of “registry fraud, ideological falsehood, and money laundering.” “Lawyers, notaries, public officials, including five traffic officers, have been arrested,” he added.

The gang had as a “parallel activity” public transportation lines with private buses and used traffic agents to fine their competitors and “be able to take them out of circulation,” the official stated.

“It’s a criminal group that moved a lot of money,” Zúñiga noted. According to the OIJ, at least a hundred properties were stolen, although one of those arrested speaks of up to 300.

Trending Now

Weak Dollar Cuts Costa Rica Medical Tourism Revenue by Up to 15%

Costa Rica's private hospitals, clinics and medical offices are treating about as many foreign patients as they have in recent years, but they are...

Spot an Injured Animal on Route 27? Don’t Touch It. Here’s Who to Call

If you see an injured animal on Route 27, the toll highway between San José and the central Pacific coast, don't pull over and...

Your $1,000 Now Buys 46,810 Fewer Colones Than in January

The US dollar slipped again in Costa Rica this week, leaving anyone who earns in dollars and spends in colones with noticeably less buying...

Costa Rica’s Marchamo Amnesty Is Off for 2027, So Pay by Dec. 31

The 2027 marchamo amnesty failed, so older unpaid years still carry interest and fines. A new bill targets 2028. Here is what to pay now.

Have a US Visa Appointment Wednesday? The Embassy Will Be Closed

The US Embassy and visa section in San José close Nov. 11 for Veterans Day and reopen Thursday.

Costa Rica’s Grynspan Wins 12 of 15 Votes in Eighth UN Secretary-General Poll

Rebeca Grynspan won 12 of 15 Security Council votes in the eighth UN secretary-general straw poll.

Rare Sighting of Tapir Family in Costa Rica Highlights Importance of Forest Conservation

A rare wildlife encounter in northern Costa Rica has captured the attention of conservationists after a family of three endangered tapirs was filmed walking...

Costa Rica Researchers Study Pollution Exposure in Ostional Sea Turtles

Researchers are examining olive ridley sea turtles at Ostional for exposure to antibiotic-resistance genes as part of a broader investigation into marine pollution. Details...

Costa Rica’s First Female Extradition Suspect Faces Legal Battle Over Transfer to United States

Appeal pauses extradition of La Güera, the first Costa Rican woman ordered sent to the US on cocaine charges.
Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel