Bloomberg Law
Oct. 25, 2019, 3:27 PM

Crypto Capital Official Nabbed in Polish Money Laundering Probe

Konrad Krasuski
Konrad Krasuski
Bloomberg News
Olga Kharif
Olga Kharif
Bloomberg News

An official of the Panamanian payment processing firm Crypto Capital has been arrested as part of a Polish probe for allegedly laundering the proceeds of drug sales for an international crime group.

The suspect, in accordance to Polish rules preventing the release of full names, was identified as Ivan M.L. by the National Prosecutor’s Office. Polish media, including Radio RMF, said the suspect is Ivan Manuel Molina Lee, president of Crypto Capital. He was deported Thursday to Poland from Greece, the agency said.

Crypto Capital’s name surfaced in April when the New York Attorney General Letitia James accused the companies ...