Spanish authorities reported Wednesday that they had arrested 30 people on grounds of money laundering and illegally distributing pay TV content by investing in bitcoin “mining” facilities to process transactions in the form of virtual money.
In a statement released by the Spanish police, the arrests took place across Spain, which include the cities of Barcelona, Madrid, Cordoba, and Valencia.
The crackdown resulted in the seizure of 6 bitcoin “mining” centers fraudently using large amounts of electricity to keep their computer networks running, and 31,325 euros or $34,905, worth of digital currency.
Specialist Crime Unit Chief Commissioner Hector Moreno, said that the cryptocurrency was converted to euros and used to buy luxury cars, motorcycles, a small plane, banking products and real estate.
http://www.fxpips.com/bitcoin-shopping-30-arrested-money-launderers-bought-plane-bikes-real-estate/
Topic: [2016-05-26] 30 Arrested Money Launderers Bought Plane, Bikes, Real Estate (Read 236 times)
May 26, 2016, 04:01:07 AM
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