Bitcoin trader charged with drug trafficking
Oct 17, · The US Eastern District Court of Virginia is pursuing legal enforcement action against six individuals for allegedly engaging in money laundering for drug cartels using cryptocurrency.. As per the court documents filed on Oct, the U.S Department of Justice (DoJ) alleges that Tao Liu, 45, Jingyuan Li, 47, Eric Yong Woo, 43, Jiayu Chen, 46, Jianxing Chen, 40, and Xizhi Li, 45 were part of an. A famous Bitcoin trader who has been a self-made person and started crypto ATMs in Australia was recently arrested on charges of drug trade. Sam Karagiozis was arrested for supposedly trading drugs methamphetamine, cocaine, ketamine, and MDMA of around 30 kgs in total. He was found guilty on 14 charged in regard to drug trafficking, import, and. Sep 10, · According to the Criminal Information to which Byrnes pleaded guilty, other documents filed in this case and statements made in court, Byrnes conspired with a regional Drug Trafficking Organization (DTO) to distribute narcotics on the Dark Web.
Bitcoin trader charged with drug traffickingDark web drugs vendors charged with trafficking $ million in Bitcoin - Decrypt
During that period, law enforcement officials conducted investigations into the relationship between Asian money laundering networks and foreign drug trafficking in China, the U. S, and around the globe. Wendy Woolcock, a special agent working under the U. S Drug enforcement administration DEA unit, stated:. Despite these efforts, they could not evade detection by U. DEA, along with our partners, will continue to arrest and bring to justice transnational criminals like these, who facilitate and profit from the vicious global drug trade.
In a landmark case, Ross Ulbricht was identified as the owner and operator of the Silk Road marketplace after police traced Bitcoin transactions to a wallet he owned. He is now serving double life imprisonment. Their activities were uncovered partly as a result of blockchain analytics efforts.
Drug vendors need extra guile to outwit these cyber sleuths. Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. News Business. By Adriana Hamacher 3 min read. In brief A dark web vendor and the pharmacist who supplied him have been charged with trafficking illegal drugs.