Pharaoh of Bitcoins: PF seizes luxury cars and motorcycles – 05/05/2023 – Market

The Federal Police seized luxury cars and motorcycles in the McQueen operation, carried out between Tuesday (2) and Thursday (4). The investigation investigates crimes against the financial system involving the use of cryptocurrencies.

Twelve search and seizure warrants were carried out in four cities: São Paulo, Rio de Janeiro, São Pedro da Aldeia (RJ) and Cabo Frio (RJ).

The main target of this week’s action is Arthur dos Santos Leite, who worked with Glaidson Acácio dos Santos, known as the Pharaoh of Bitcoins. The two are currently in prison.

The suspect is that the investigated organization disposed of part of the fleet of vehicles in the Kryptos operation, carried out in August 2021. This week, the PF managed to seize part of these vehicles, which add up to R$ 3 million.

Among the seized vehicles are

According to the investigation, the suspects may be liable for the crimes of operating without authorization from a financial institution, fraudulent management, criminal organization and embezzlement. Together, the penalties can reach 40 years in prison.

Investigations into the use of cryptocurrencies for money laundering have as their main target the Pharaoh of Bitcoins, who adopted the financial pyramid scheme that attracted investors with the promise of cryptocurrency applications.

Glaidson declared a net worth of BRL 60.45 million to the Electoral Court last year, when he ran for federal deputy for the DC (Christian Democracy) in Rio de Janeiro.

He received 37,935 votes and had his candidacy challenged by the Electoral Court. The Pharaoh of Bitcoins denies responsibility for the crimes.