Biggest ever money-laundering scheme busted in Budapest – VIDEO
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Based on the suspicion, the Hungarian man ordered millions of US dollars and euros through a parcel service over the past two years.
The Budapest Police Headquarters’ Department for Economic Crime is investigating a man in Budapest on the suspicion of counterfeiting. The suspect chose a strange way of money laundering. Based on the suspicion, he ordered millions of US dollars and euros through a parcel service over the past two years.
According to Police.hu, the counterfeit banknotes are low-quality forgeries, which can be deceptive to those who are not familiar with them.
At the beginning of April, investigators in the capital conducted a search at the residence of a 46-year-old Hungarian man. At the scene,
Hungarian investigators seized more than EUR 1,858,000 euros and 458,000,000 US dollars, all of which appeared to be counterfeit.
The suspect has not yet confessed to the crime. He remains at large during the proceedings.
Read also: Two of Europe’s most dangerous criminals caught in Hungary
A similar crime also came to light in Szeged where a Hungarian woman persuaded two men to launder funds transferred from abroad to company bank accounts between January and July 2018. The suspect thus took EUR 444,750 (~HUF 167.5 million) in criminal proceeds from her accomplices.