The investigation of the Uruguayan unicorn for money laundering led to the discovery of a false educational institution that transferred $395 million to the United States through fintech.
The first unicorn Uruguay, dLocal, is once again under the scrutiny of the Argentine justice system, after the General Directorate of Customs will analyze the fintech transactions throughout 2022 and discover payments from people who never hired the services of a supposed educational institution.
The judicial frameworks for dLocal seem to have no end: now, and in the midst of the financial investigation that the justice of Argentina carried out on the financial company – which is accused of over-invoicing and fraud for some 400 million dollars, through triangulations and currency leaks – the Customs of the neighboring country detected an alleged educational institution called Academyland LLC.
This company is based in Delaware, United States, and would dedicate itself to the service of education through e-learning system without human intervention through a web page that, however, is not operational. The problem is that of the 9,304 collection operations that were carried out via dLocal for a total of 395 million pesos —turns to the North American country—, at least 800 registered users responded that they had never purchased products or services from Academiland LLC or Be U Institute.
Even of this sample of 800 people whose data was analyzed by specialized agents of the Argentine Customs, 20 alleged users are estates, whose date of death is prior to contracting the service.
Likewise, the list of “students” includes Customs employees, a member of the Federal Justice and people who work in the media.
The complaint, in the same court that investigates dLocal
Although this new investigation that is opened based on the information found by Customs would not – in principle – directly involve dLocal, The case is in the same court that investigates the Uruguayan unicorn, the National Criminal and Correctional Court No. 5by Dr. María Eugenia Capuchetti.
Customs denounced the alleged owners of Academiland LLC for illegitimately accessing a personal data bank, for fraud against the public administration and money laundering. The hypothesis is that the objective of the fictitious educational institution would be to acquire dollars at the official value and transfer them to the United States.
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As part of the investigation, the Argentine agency also raided the declared addresses of the alleged owners and seized documentation and computer equipment.
Source: Ambito
