Brazilian investigators say a criminal organization laundered almost 6 billion reais ($1 billion) in four years using gas stations, motels, franchises, and real estate. The scheme, uncovered in a joint operation by São Paulo prosecutors and the federal tax authority, shows how organized crime inserted illicit money into the formal economy.
On Thursday, authorities executed 25 search warrants in São Paulo, Santo André, Barueri, Bertioga, Campos do Jordão, and Osasco. They found that the group controlled more than 260 fuel stations, 60 motels, and 100 franchise outlets. These businesses served as fronts to clean illicit profits and hide assets.
Luxury purchases and a “black hole” bank
Officials linked the operation to BK Bank, a fintech described as a financial “black hole.” According to the Federal Revenue Service, the platform allowed money to flow without leaving clear records of senders or beneficiaries. Consequently, the group used it to buy luxury items such as a 23-meter yacht, a Lamborghini Urus, and an Augusta A109E helicopter.
Investigators also discovered that card machines in motels and fuel stations were configured to send payments directly to the fintech. This tactic gave transactions a false appearance of legitimacy. In addition, they said the organization profited from fuel adulteration and pump fraud, boosting its revenue even further.
Expanding the investigation
Authorities named businessman Flávio Silvério Siqueira as the central figure. They argue he relied on relatives and associates who acted as fronts to conceal property ownership. Accountants working with the group created parallel records to disguise real gains.
Moreover, prosecutors reported that motels such as “Uma Noite em Paris” and “Chamour” were actively used to funnel illegal funds. Officials stress that the group’s structure gave them billions in control and influence.
The Federal Revenue Service emphasized that this week’s raid is part of a broader crackdown. As evidence is analyzed, prosecutors expect to bring additional charges and expand the scope of the case.