Brazilian Prison System Officials Caught in $22.4 Million Bitcoin Fraud

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Brazilian Prison System Officials Caught in $22.4 Million bitcoin Fraud

According to Brazilian news outlet Agência Brasil, authorities in Rio de Janeiro recently uncovered a money laundering scheme in which state officials misstate the budget spent on food for state-run prisons. bitcoin was reportedly used to exchange some of the scheme’s proceeds, which totaled roughly $22.4 million. After the scheme was discovered, search warrants were … Continued

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