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

Water Rationing Hits 74 Communities as El Niño Dries Out Costa Rica’s Pacific Side

If you live on Costa Rica's northern Pacific side, your tap may already be running on a schedule. Community water systems in 74 communities...

Costa Rica Velodrome Shows Damage Less Than Two Weeks After Upgrade

Less than two weeks after reopening following more than â‚¡105 million (about $219,000) in repairs, the velodrome at Parque de La Paz in southern...

Costa Rica’s Rincón de la Vieja Volcano Remains Active

Rincón de la Vieja volcano continued producing small eruptions and releases of gas today, a day after a moderate eruption sent a plume as...

Atlantic Reaches Late September Without a Hurricane for the First Time Since 1914

The Atlantic Ocean has reached late September without producing a single hurricane, something that has not happened in 112 years. As of this morning,...

Honduras Adopts El Salvador-Style Prison Measures Against Gangs

Honduras has approved stricter prison rules targeting suspected gang members and drug traffickers, adopting measures similar to those used in El Salvador’s anti-gang crackdown.

OAS Countries Seek October Meeting to Consider Measures Against Nicaragua

A group of five countries in the Organization of American States (OAS) is proposing that the region’s foreign ministers meet on October 2 to...

Five More Arrested as Costa Rica Steps Up Sea Turtle Protection at Ostional

Five more people have been detained during sea turtle protection operations at Ostional National Wildlife Refuge in Guanacaste, bringing the number of people arrested...

Video of Costa Rica’s 119-Year-Old Man Making a Bid to Be Oldest Ever

José Flores Flores, the Guanacaste farmer who turned 119 in July, is now at the center of a formal effort to have him recognized...

Costa Rican TikTok Star Julián Valverde Reported in ICE Custody

Costa Rican content creator Julián Valverde, known online as Julián Valjota, is in the custody of US Immigration and Customs Enforcement. A source close...
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

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