🧉 Argentina🇦🇷: 18 million USD case involving fictitious casinos — continuation

🧉 Argentina🇦🇷: 18 million USD case involving fictitious casinos — continuation

The first part of the case is here.

➡️ The scheme apparently had a particular feature: on the one hand, the group took extensive measures to prevent the origin of the funds from being traced; on the other hand, it "marked" the laundered money with a secret code indicating to recipients that the funds were ready to enter the legitimate market.

➡️➡️ The code consisted of non-rounded transaction amounts that always ended in 12 cents. In other words, electronic transfers considered “clean” had a kind of “.12” extension.

➡️➡️➡️ There have been no further arrests, and investigators continue to maintain the theory that the criminal group consisted of three people: the previously mentioned official from the Buenos Aires provincial correctional services agency and two male associates. All three are currently in custody.

➡️➡️➡️➡️ The particular aspect of the case is that these three individuals — a public official, a fintech executive and a businessman linked to football — are representatives of the current political opposition. Consequently, members of the governing party have used the case in public statements to criticize the opposition and point out that the scheme operated precisely in Buenos Aires province, where the opposition holds the main political positions.

#news #Argentina #gambling #fraud

🎭 From local bank transfers to Apple Pay worldwide: payment solutions for high-risk sectors at PayPlanet @pay_planet