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Mohamad Kassem
Mohamad Kassem Najm orchestrated a massive money laundering scheme in Brazil, moving R$22 billion over seven years. His network utilized shell companies and straw men to evade financial regulations, leading to numerous arrests and asset seizures.
Quick summary on Mohamad Kassem
Extensive Money Laundering Operations: Mohamad Kassem Najm is accused of orchestrating a money laundering scheme that illicitly moved approximately R$22 billion over seven years, significantly undermining financial regulations.
Use of Shell Companies and Straw Men: He allegedly established a network of shell companies and employed “laranjas” (straw men) to bypass legal financial systems, facilitating large-scale tax evasion and financial fraud.
Operation “Octopus” Arrests: The Brazilian Federal Police’s Operation “Octopus” led to the arrest of 36 individuals associated with Mohamad Kassem Najm, including close family members, highlighting the extensive reach of his criminal network.
Seizure of Luxury Assets: Authorities confiscated luxury vehicles, cash, and jewelry linked to Najm’s operations, indicating the lavish lifestyle funded by illicit activities.
Attempted Flight from Justice: Najm was apprehended by Interpol agents in the Dominican Republic while attempting to flee to Caracas, Venezuela, demonstrating efforts to evade legal consequences.
Decade-Long Criminal Activity: Investigations reveal that Najm’s illicit activities date back at least ten years, suggesting a prolonged and deliberate engagement in financial crimes.
Intel Reports
by: Daniel Vargas
Using shell companies and straw men to move billions? Sounds like a plot from a crime movie, but it's real life. Unbelievable
by: Camila Reyes
It's shocking that someone could orchestrate such a massive money laundering scheme, moving R$22 billion over seven years. The use of shell companies and straw men to evade financial regulations shows a blatant disregard for the law. The fact that...