Jorge Figueira Sentenced to 12 Years, Agrees to $1 Billion Judgment

U.S. District Judge Rossie D. Alston Jr. sentenced Jorge Figueira, a 60-year-old Venezuelan national, to 12 years in prison Nov. 3 for conspiring to launder money. Figueira also agreed to a $1 billion money judgment. The laundering activity involved billions of dollars, while more than $1 billion moved through the identified cryptocurrency wallet and various financial accounts. The network used bank and cryptocurrency exchange accounts, private cryptocurrency wallets and shell companies to move funds.