Federal Police launched Operation Kryptolaundry on Tuesday (9) to dismantle a widespread scheme of illegal investment collection and money laundering using cryptocurrencies in the Federal District.

Information indicates that it is a group connected to Glaidson Acácio dos Santos, the “Bitcoin Pharaoh,” who left thousands of investors at a loss with the GAS Consulting pyramid scheme.

According to investigations, the group moved more than R$ 2.7 billion, of which R$ 404 million was identified as illicit resources aimed at enriching its leaders. In total, the criminals are estimated to have gained R$ 3.8 billion by victimizing at least 62,000 people in Brazil.

A total of 24 search and seizure warrants and nine preventive arrests were issued, affecting 45 individuals and entities. Six people were arrested in the DF and two in Spain, in a coordinated operation with international authorities.

The Justice Department ordered the blocking of up to R$ 685 million in bank accounts, as well as the seizure of urban and rural properties, including luxury homes, farms, and commercial enterprises allegedly used to mask the origin of the funds.

The investigation scheme

The business core of the gang, linked to the “Bitcoin Pharaoh” scheme, structured and controlled dozens of shell companies to distribute funds, conceal assets, and acquire high-value properties.

Investigations show that the group operated with a strong appearance of legality, offering investments in crypto assets presented as “safe” with promises of high returns, of 10% per month. To attract investors, they used elaborate contracts, in-person events, and intense promotion on social media.

However, according to the PF, a significant portion of the collected money was diverted to enrich the top of the criminal organization, which used cryptocurrencies to make tracking the funds more difficult.

Those investigated may face charges related to financial crimes, money laundering, organized crime, ideological falsehood, and other related offenses.

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