No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

Panama Denies US Military Exercises Target Venezuela Amid Tensions

Panama's president says that ongoing US military exercises within the country carry no hostile intent toward Venezuela. The declaration comes amid rising regional tensions...

Costa Rica’s Route 32 Closed for Rock Removal Until Monday

Drivers heading to Limón face disruptions this weekend as Route 32 remains shut down for critical safety work. The Ministry of Public Works and...

HRW Says Venezuelan Migrants Tortured at CECOT Prison in El Salvador

Guards at El Salvador's Center for Terrorism Confinement, known as CECOT, beat Venezuelan detainees with batons and fists almost every day. They denied them...

Costa Rica Jaguar Documentary Explores Olive Ridley Arribada in Santa Rosa Park

PBS's latest NATURE episode, Jaguar Beach, brings viewers to Costa Rica's Pacific coast, where jaguars and olive ridley sea turtles interact in ways that...

Costa Rica’s Route 32 Shutdown Drags On Amid Weather Delays

Drivers on Route 32 face more uncertainty today as the Ministry of Public Works and Transportation (MOPT) holds off on announcing when the key...

What I Learned Living Off Grid in Costa Rica as an Expat

I once spent nine months on an off-the-grid farm about an hour south of San Isidro del General. Located near a river and along...
spot_img
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica