Argentina police seize $255 million in bank fraud investigation

In a major operation targeting cybercrime, Argentine authorities arrested a Chinese national in the Monserrat neighborhood of Buenos Aires. The individual is linked to an investigation involving bank and virtual wallet fraud originally reported in Chubut.

The City Police's Special Technological Investigations Division conducted two raids on properties on Moreno Street. During the operation, investigators seized over $255 million in cash, US$2,200, and a significant amount of electronic equipment, including 22 cell phones, a tablet, three notebooks, a desktop computer, and various SIM cards.

The investigation, ordered by the Chubut Specialized Cybercrime Prosecutor's Office, revealed a scheme involving 'mule accounts' used to move illicit funds. The broader operation included 50 raids and 20 arrests across different points in the country.