The Supreme Court of Justice is investigating a cryptocurrency bribery scheme during which the names of congressmen Iván Name and Andrés Calle have emerged.
According to investigations, each would have received greater than 4,000 million pesos (near 1 million {dollars}) diverted from the funds of the National Unit for Disaster Risk Management (UNGRD), supposed to look after victims of pure emergencies.. These funds would have been illegally redirected to favor sure authorities reforms.
In latest statements, Sneyder Pinilla, deputy director of the UNGRD and presently detained, confessed that, to keep away from transporting money, which might seem suspicious, transformed round 1,000 million pesos in cryptocurrencies, to switch them instantly to different events concerned. According to Pinilla, these funds would then be transformed again into money on the closing vacation spot.
At the second, the prosecution has already positioned these concernedprimarily kinfolk of Name and Calle. According to the testimonies obtained, the cash was diverted to assist the campaigns of María Clara Name Ramírez, daughter of Iván Name, and Gabriel Enrique Calle Aguas, brother of Andrés Calle, amongst others.
Why use cryptocurrencies?
According to statements collected by the media, Pinilla selected to make use of cryptocurrencies as a substitute of money as a result of It was simpler to switch cash from Bogotá to Montería, capital of Córdoba.
“The money was taken through cryptocurrencies from one sector to the other. I delivered 1,000 million pesos here and they delivered 1,000 million pesos to me in Montería (…) because 1,000 million pesos cannot be taken on the plane to Montería, so we had to find a way to place them in Montería. And what was the best way? Through cryptocurrencies. Because? Because you deliver here and the next day they deliver to the other place.”
Sneyder Pinilla, deputy director of the UNGRD
Cash is often most well-liked by criminals as a result of it’s tough to hint, though it’s impractical to maneuver giant portions throughout territories.
Some media point out that the prosecutor’s workplace might be involved about using cryptocurrencies within the nation. This comes at a time when the federal government is evaluating Bitcoin regulation.
Pinilla didn’t specify which cryptocurrency was used. If Bitcoin or a stablecoin corresponding to USDT was used, cryptocurrencies which might be simply convertible as a result of their market liquidity, Transactions might be absolutely traceable. By merely figuring out the tackle of the one who received the funds, you possibly can know their origin.
This is to not point out that, if a financial institution switch was made, the prosecution might acquire private information. This is assuming that the transfers have been created from one pockets to a different; if sooner or later an exchange was used, monitoring the origin and vacation spot of the funds would be even simpler for the authorities.
