Venezuelan Man Faces 20 Years for Alleged $1B Crypto Money Laundering Scheme
Federal prosecutors have charged a Venezuelan national with laundering approximately one billion dollars through crypto wallets and shell companies in what officials describe as one of the largest money-laundering operations prosecuted by the Justice Department.
Jorge Figueira, 59, faces up to 20 years in prison if convicted of conspiracy to launder money, with authorities alleging his network processed illicit funds across multiple continents while deliberately concealing transactions from law enforcement.
The complaint filed in Virginia’s Eastern District accuses Figueira of directing a sophisticated laundering apparatus that converted cash into cryptocurrency, routed digital assets through multiple wallets, then exchanged…
