Civil Police Target Money Laundering Ring in São Paulo

The Civil Police conducted a major operation against the Pavão de Ouro organization, targeting money laundering activities across several São Paulo cities.

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Quick Summary

1The total atypical banking movements by the gang reached R$ 97,295,634.
2Authorities seized electronic devices, betting instruments, vehicles, and cash during the raids.

Quick Summary

The Civil Police conducted a major operation on Tuesday morning, targeting a criminal organization dedicated to money laundering. The operation, named Quebrando a Banca, focused on dismantling the group known as Pavão de Ouro. The action was coordinated by the Polícia Civil de Piracicaba.

Search and seizure warrants were executed in multiple locations. These included São João da Boa Vista, Ribeirão Preto, Santa Rosa do Viterbo, and São Paulo. The operation revealed a complex capital laundering network. This network had been operating for decades in cities across São Paulo and Minas Gerais.

Operation Quebrando a Banca Details

The Polícia Civil launched the operation to disrupt the activities of the Pavão de Ouro organization. The group utilized sophisticated methods to conceal the origins of their funds. Specifically, they used shell companies and a network of front men to hide the advantages obtained from the exploitation of gambling.

The investigation was based on financial reports. These reports revealed banking movements that were incompatible with the declared economic capacity of the suspects. The action targeted a business group involved in betting. This group had a declared social capital of R$36,000,000.00 and served as the destination for large transfers made by the group's leadership.

Financial Movements and Methods

The leadership of the group employed various methods to disguise the illicit origin of resources. The group's main leader moved more than R$ 25 million in just one semester of 2024. Additionally, the leader had a history of million-dollar transactions in previous periods.

The upper echelon of the group used cash real estate transactions and the acquisition of assets in the names of third parties. The operational structure included managers and financial operators. These individuals spread millions of reais through Pix transfers and cash deposits. The Civil Police reported that the sum of the atypical banking movements performed by the gang represents R$ 97,295,634.27.

Seizures and Ongoing Investigation

During the execution of the search and seizure warrants, authorities confiscated various items. The items included electronic devices, betting instruments, vehicles, and cash amounts. The Civil Police clarified that the investigations are continuing. The goal is to identify the full extent of the criminal organization.