After serious suspicions of money laundering amounting to tens of millions of shekels using cryptocurrencies were investigated over the past few months, the Blahav 433 Cyber Unit and the Tax Authority's Diamond Unit arrested three suspects in international crypto fraud this morning.
According to the suspicion, the suspects organized themselves in an orderly and systematic way to launder money from abroad and from Israel, some of which originated from crimes committed abroad, using digital currencies on various platforms with the aim of obscuring and disguising the identity of the owners of the money and the movements in them.
At the center of the investigation was the suspicion of a large-scale fraud against the state treasury in France that was allegedly carried out from Israel, and the theft of millions of euros and the laundering of the funds by converting them into crypto-currency.
In addition, the suspicion arose that the profits of the suspects from the cryptocurrency activities were hidden from the Israel Tax Authority, and that various tax offenses were committed with cumulative amounts of tens of millions of NIS.
Three main suspects were arrested early this morning in the case and a number of other suspects were detained for questioning on suspicion of money laundering, fraudulently obtaining something under aggravating circumstances, and tax offenses including willful omission of income.
The three main suspects will be remanded in custody at the Magistrate's Court in Israel.
The investigation is being conducted in cooperation with the Diamond Unit of the Tax Authority, Europol and the French Police, and accompanied by the Cyber Department and the International Department of the State Attorney's Office.
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