Brazil raids cartel’s alleged multibillion-dollar money laundering scheme

Posted by vitorgrs

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  1. This had very little impact outside of Brazil, it seems. But I think this is the largest real operation against cartel in Latin America ever to happen.

    The operation was after PCC. One of the largest cartels/gangs in Latin America.

    The operation caught gas station, INVESTMENT funds, banks, ethanol plants, a hell of stuff.

    It was basically inside São Paulo Faria Lima (Brazil equivalent to Wall’s Street).

    It was R$ 30 billion in investment funds. They allegedly control 40 investment funds.
    They literally own a terminal port.

    One of the fintech they owned, was, curiously, used by several cities and states to low income money transfer, etc. Curious why these cities/states choose a such irrelevant small bank (BK Bank) that no one knows of.

    There’s a very high chance that this operation will be much bigger in the next few weeks/months when they get to politicians. This is so large that is impossible to not have big politicians involved.

    Today, ICL news (a very, very left-wing news), accuses Senator Ciro Nogueira, Bolsonaro’s former Chief of Staff, of receiving bribes from the PCC, according to a witness to the website. ICL is obv biased, but it’s worth to keep a look on what might happen in the next few days.

    https://iclnoticias.com.br/acusados-pela-pf-de-chefiar-esquema-do-pcc-enviaram-propina-em-dinheiro-a-ciro-nogueira-diz-testemunha/

    !ping LATAM

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