Venezuela’s National Faces 20 Years Lock-up in U.S.

• U.S. law enforcement agencies have charged a Venezuelan national for using crypto in money laundering.
• Jorge Figueira has been charged with laundering $1 billion belonging to a transnational criminal syndicate.
• The U.S. is in the final stages of a crypto legislation bill, geared to strengthen the U.S. dollars at the global scale.

The United States law enforcement agencies, led by the FBI, have charged a Venezuelan national with conspiracy to launder money. The Department of Justice will sentence Jorge Figueira, a 59-year-old, for enabling a transnational criminal syndicate launder $1 billion with the help of crypto.

Fate of Venezuela’s Crypto-backed Criminals

A federal district court is expected to issue a sentencing on Figueira, with Assistant U.S. Attorney Catherine Rosenberg as the case prosecutor. According to the announcement, Figueira faces up to 20 year…

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