Four Years In Prison For US Contact of Darknet Counterfeiting Group
It appears the US legal system wants to make examples out of all arrested deep web users. Darknet activity is a global trend, and some countries are slowly starting to emerge. Uganda is not a country people would associate with internet criminality per se, but the reality is very different. In fact, one of the deep web’s largest money laundering operations was run by a Uganda-based counterfeiting group. In the end, the team produced over US$1,4m worth of counterfeit Federal Reserve notes. The investigation related to this darknet group started back in 2013, although the first arrest was....
Related News
The founder of the darknet marketplace Silk Road which dealt exclusively with Bitcoin, Ross Ulbricht, recently announced that he had spent 10 years in prison. Despite his fraudulent actions, Ulbricht is a popular figure in the crypto community as he is believed to have contributed to the accelerated adoption of the flagship cryptocurrency, Bitcoin. Silk Road […]
28-year-old Brian Farrell aka “DoctorClu”, a senior admin and second-in-command on Silk Road 2.0, the copycat clone of the original underground darknet website Silk Road was sentenced to eight years in prison. DoctorClu, the right-hand man to Silk Road 2.0 chief Blake Benthall aka “Defcon” and second-highest admin at Silk Road 2.0 was sentenced to 8 years in prison after pleading guilty to one count of distribution of cocaine, heroin and methamphetamine. Brian Farrell, plead guilty in March 2016 and his plea was accepted the following month. The charge carries a minimum sentence of five....
A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million. The U.S. Department of Justice (DOJ) announced Thursday that a “cryptocurrency fraudster” has been sentenced to 15 years in prison “for securities fraud, wire fraud and money laundering charges that defrauded thousands of victims of more than $16 million.” Roger Nils-Jonas Karlsson, a 47-year-old Swedish man, was arrested in Thailand in June 2019. He pleaded guilty....
The U.S. has sentenced a cryptocurrency exchange owner to 10 years in prison. He “knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability,” the Department of Justice alleges. Crypto Exchange Owner Sentenced to 10 Years in Prison The U.S. Department of Justice (DOJ) announced Tuesday that a bitcoin exchange owner has been sentenced to 121 months in prison “for his role in a transnational and multimillion-dollar scheme to defraud American....
Random Darknet Shopper, an automated, online bot that searches the Darknet and buys random items using a weekly $100 bitcoin budget, is back in business following a hiatus last year when it was temporarily confiscated by St. Gallen, Switzerland legal authorities. Last week, the bot, created by a European art group Mediengruppe Bitnik, purchased a fake Lacoste polo shirt for $35, according to Digital Trends. The bot is programmed to randomly select and buy one item on the Darknet and send it to the art group's exhibition space. The Mediengruppe Bitnik website describes the shopper as "an....