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money laundering

Bitfinex Crypto Exchange: Polish Police Arrest Head of Payment Processor Tied

October 25, 2019 at 12:33 PM | By Jit Sutradhar News

Polish police have arrested Ivan Manuel Molina Lee, president of Crypto Capital, on charges of money laundering.

According to a report in the Polish newspaper and news portal W Polityce RMF24, crypto businessman extradited to Warsaw, Poland under police escort. Polish government claims that Molina Lee wanted in Poland for washing up to 1.5 billion zloty, or about $ 390 million “from illegal sources,” according to a report to Poland.

Authorities wrote that Lee Molina crimes including “dirty money laundering for the Colombian drug cartels use cryptocurrency exchange.”

Polish prosecutors claimed that Crypto Capital held accounts at Bank Spółdzielczy in town Skierniewice and that Molina Lee and BitFinex illegal proceeds laundered through the country.

the company has been in trouble before. Molina Lee directly connected with the US Justice Department claimed that the two individuals were charged with running a “shadow banking” services provided to the company bank account crypto. His company, Crypto Capital, allegedly lost $ 850 million of cash this Bitfinex, leading to the $ 1 billion sales mark this year.

“This is the largest effort by Polish prosecutors to secure losses associated with illegal activities,” wrote the Polish prosecutor. “The effort is a joint effort between the Polisha and international special forces. The process carried out by the prosecutor of the lower Silesian branch of the Department of Organized Crime and Corruption of the National Prosecutor’s Office in Wrocław and the officer who closely cooperate with Europol, Interpol and the US services, including the DEA. ”

Money Laundering image via Tumisu from Pixabay

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