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

US Embassy Helped Mother Get Son Out of Costa Rica Community, She Says

An American mother says she watched her son grow thinner and more distant over more than two years in a religious community in Pérez...

Rincón de la Vieja Could Be Settling Down or Building Toward Bigger Eruptions

Rincón de la Vieja is erupting less often and with less force than it did over the summer. Scientists say that does not yet...

US Tourist Breaks Leg in 10-Meter Fall at Costa Rica Waterfall

A US tourist broke his leg in a 10-meter fall at Costa Rica's Cinchona waterfall, sparking a nearly five-hour rescue.

Costa Rica Banks Rank Second Only to Argentina for Dollar Risk, Moody’s Says

Costa Rica's banking system is among the most exposed in Latin America to a sudden squeeze on dollar funding, second only to Argentina, according...

US Embassy Links Chinese Mining to Illegal Gold Digging in Costa Rica, China Calls It Unfounded

The United States Embassy in Costa Rica has accused Chinese mining companies operating in Nicaragua of driving illegal gold extraction across the border into...

Beachfront Lights Are Driving Sea Turtles Away From Costa Rica’s Nesting Beaches

Artificial light from hotels, homes and streets can keep female sea turtles from nesting and send hatchlings inland. A CREMA biologist says nesting has dropped at Tamarindo and Santa Teresa.

El Salvador’s Marcelo Arévalo Qualifies for ATP Finals Despite Vienna Upset

El Salvador’s Marcelo Arévalo and Croatian partner Mate Pavić have secured their place in the 2026 ATP Finals for the third consecutive year, although...

Canadian Woman Dies at Costa Rica Cosmetic Surgery Clinic, OIJ Investigates

Costa Rican authorities are investigating the death of a 57-year-old Canadian woman at a cosmetic surgery clinic in San José. The woman had reportedly returned for a follow-up appointment after undergoing a procedure earlier in October.

Costa Rica Offers Walk-In Immigration Fingerprinting in San José Today

Costa Rica is offering a special fingerprinting service in downtown San José this morning, giving foreign residents and immigration applicants an opportunity to complete...
Loading…

Latest News from Costa Rica

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