Brazil Sentences 14 for Using Crypto, Shell Firms in $95M Drug Money Laundering Case
A federal court in Brazil sentenced 14 people to jail for laundering more than 508 million reais ($95 million) from international drug trafficking and other violent crimes, wrapping up a years-long investigation into a sophisticated criminal network spanning multiple states.
The two group leaders were each sentenced to over 21 years in prison, while other sentences ranged from 8 to 17 years. All defendants were ordered to repay the full amount laundered, and assets including seized planes and luxury cars were forfeited to the federal government.
The operation, dubbed Terra Fértil, uncovered a scheme that used fake companies across two different states to disguise drug profits.
Prosecutors said the group ran a layered structure with…
