Polish authorities have recently arrested payment processor Crypto Capital’s head Ivan Manuel Molina Lee. He’s being accused of money laundering. If you’re a merchant seeking secure and low cost transaction processing. No need to worry. This article is about the mentioned case. Also, here you can get a better idea of where you can find exceptional business funding solutions for your company.
Money Laundering Case: Reliable Business Funding Solutions
The payment processing firm Crypto Capital has been associated with the funds of Bitfinex for years. Now, the company is accused by the cryptocurrency exchange. Supposedly, hundreds of millions of dollars are lost because of Crypto Capital.
This Panama-based payments processing company is connected with not only Bitfinex but also with other major players in the cryptocurrency exchange field.
wPolityce reports that Ivan Manuel Molina Lee is allegedly involved in a money laundering case and an international drug cartel. According to the National Public Prosecutor’s Office, this is the biggest security seizure throughout the country’s history.
With all that in mind, where can you find secure, reliable, and affordable merchant services for your e-commerce business? It’s simple. You just need to work with a reputable merchant services provider that’s dedicated to offering the safest and cheapest business funding solutions and payment processing services you really deserve.
Head of Crypto Capital Arrested
According to iFinex, Bitfinex’s parent company called Cointelegraph has recently sent a discovery application. The purpose is to recover its access to more than $850 million that’s been connected with Crypto Capital.
After Lee was arrested, Bitfinex starting working on getting back some $360 million taken from Crypto Capital’s accounts in a Polish bank by investigators. According to Bitfinex, the company has lost $850 million. Allegedly, Crypto Capital has been providing crypto exchanges worldwide with banking services with no proper license.
Now, Bitfinex says it’s the victim of a fraud and is addressing the issues to the relevant authorities, including those in Poland and the U.S., as Stuart Hoegner, the company’s general counsel, says.
To sum up, the head of Crypto Capital is arrested: he’s accused of being connected with a money laundering case. This considered the biggest security seizure throughout the country’s history.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that provides the most secure and cheapest business funding solutions in the industry. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.