Federal prosecutors filed a criminal complaint on Jan. 9, 2026 alleging that Jorge Figueira operated a laundering network that moved roughly $1 billion through crypto wallets, exchanges, shell companies and bank accounts across multiple jurisdictions. The complaint details use of stablecoins, liquidity providers and on‑chain transfers to conceal the origin and flow of illicit funds.

A criminal complaint unsealed in the Eastern District of Virginia accuses Jorge Figueira of orchestrating a large‑scale crypto money‑laundering operation that processed approximately $1 billion in illicit proceeds. Prosecutors allege the network used a combination of on‑chain transfers, stablecoin conversions, liquidity providers, centralized exchange interactions and layered shell‑company banking to obscure the source and destination of funds. The complaint traces transactions through multiple wallets and intermediaries, documents efforts to move value to businesses and individuals in different jurisdictions, and describes tactics intended to frustrate law‑enforcement traceback, such as rapid chain hopping and use of privacy‑minded services. The filing highlights how sophisticated laundering schemes exploit crypto plumbing and correspondent banking relationships, and it signals intensified prosecutorial focus on disrupting large, cross‑border digital‑asset operations. Authorities continue to analyze blockchain data and coordinate with foreign partners as the prosecution and related asset‑seizure efforts progress.