Brazil Convicts 14 in $95M Drug Money Laundering Scheme Involving Crypto and Shell Companies
Brazilian Court Sentences for Money Laundering: A Brazilian court has sentenced 14 individuals for laundering over 508 million reais ($95 million) from drug trafficking using shell companies and cryptocurrency transactions.
Criminal Network Structure: The criminal operation, known as Terra Fértil, involved a complex structure with distinct roles, including leadership directing funds and mid-level operators acting as front-men for fake businesses.
Methods of Concealment: The group employed various methods to disguise illicit funds, including small bank deposits, false corporate activities, and the purchase of luxury assets, such as aircraft and real estate.
Use of Cryptocurrency: Authorities noted the use of cryptocurrencies, including Bitcoin, as part of the money laundering scheme, raising concerns about the role of digital currencies in facilitating illegal activities.
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Technical Analysis for SHELL
Technical Sentiment Analysis for MyShell (SHELL) As of , MyShell (SHELL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHELL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHELL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
MyShell (SHELL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00735 | 0.0165 | 0.0256 | 0.0348 | 0.0439 | 0.0531 | 0.0622 |
| Fibonacci | 0.0165 | 0.0235 | 0.0278 | 0.0348 | 0.0418 | 0.0461 | 0.0531 |
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