Spanish Law Enforcement Arrests 35 Suspects for Bank Fraud, BTC Money Laundering
Cointelegraph
Published Jun 14, 2019 10:14AM ET
Spanish Law Enforcement Arrests 35 Suspects for Bank Fraud, BTC Money Laundering
Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin (BTC), local media La Verdad reports on June 14.
Per the report, the organization obtained over €600,000 ($674,000) and laundered over €1 million ($1.2 million) using bitcoin. Furthermore, the Command of Alicante reportedly solved a total of 1,020 connected cybercrimes during the operation. The alleged actions of the suspects — who are from Equatorial Guinea, Spain, Nigeria, Cameroon and Morocco — had a total of 219 victims in Spain, with 20 more in Israel, Denmark, Germany, France and Greece.
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Written By: Cointelegraph
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