Darknet Bitcoin Mixer Operator Bust, Judge Says Bitcoin Is Money
The defendant faces 20 years in prison, had previously argued he was not guilty because bitcoin is not money for U.S. law, but the judge rejected it.On August 18, an Ohio resident pleaded guilty to money laundering conspiracy charges arising from the operation of a Darknet bitcoin mixing service between 2014 and 2017, as the case's judge recognized bitcoin to be a store of value and a medium of exchange. The court is yet to determine Larry Dean Harmon's sentence, but he faces a maximum penalty of 20 years in prison and a hefty fine. Harmon also agreed to forfeit 4,400 BTC, currently valued....
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Bitcoin is not a useful tool for money launderers and here’s proof. 38-years-old Larry Dean Harmon admitted to being the operator of Helix, a Bitcoin Mixer service that operated on the Darknet. According to the US Department of Justice, “Harmon advertised Helix to customers on the Darknet to conceal transactions from law enforcement.” What was this man thinking? Related Reading | DIY Bitcoin ATM Money Launderer Pleads Guilty The press release continues: Harmon admitted that Helix partnered with several Darknet markets, including AlphaBay, Evolution, Cloud 9 and others, to provide....
The operator of the darknet-based Bitcoin mixing service Helix has pleaded guilty to laundering more than $300,000 million worth of BTC from 2014 to 2017. Ohio man, Larry Dean Harmon, has pleaded guilty to laundering more than $300 million while operating the Darknet-based Bitcoin mixing service, Helix. On August 19, The U.S. Department of Justice announced that the 38-year-old pleaded guilty to laundering more than 350,000 Bitcoin through Helix from 2014 through 2017.Bitcoin mixers are used to help people anonymize their Bitcoin. In the past, this has helped people cover their tracks on....
Furthermore, one of the four arrested individuals possessed Bitcoin at the time of the raid. According to sources, there was 340,000 EUR worth of Bitcoin in his wallet. German police officials have arrested four individuals suspected of selling drugs on the darknet. Keeping in mind how government officials and law enforcement agencies are cracking down on deep web users all over the country, this news is not entirely surprising. All four arrested individuals were active on a German darknet forum. Buying and selling drugs is illegal, and the darknet is no exception to this rule. Then again,....
A district judge has ordered a bitcoin Ponzi operator to be arrested and imprisoned after he ignored multiple court orders and failed to pay the U.S. Securities and Exchange Commission (SEC) $40 million. He pleaded guilty to securities fraud in 2015.
Bitcoin Ponzi Operator Faces Imprisonment After Failing to Pay SEC
Judge Amos L. Mazzant of the U.S. District Court for the Eastern District of Texas said earlier this week that a bitcoin Ponzi operator will be arrested and imprisoned for civil contempt unless he immediately provides overdue documents and payments, Bloomberg....
The federal judge in charge of the tremendous Silk Road trial has been facing several online threats revealed during the previous days. The Darknet has posted leaked personal information and calls to "swat" her home. Also read: Judge Rejects Ross Ulbricht Silk Road Defense On a Technicality. Dissatisfied with the judge's rejection of the arguments put forward by Ulbricht's defense, who argued that the FBI unlawfully penetrated into Silk Road servers, Darknet users have taken the initiative to create an underground web page in the form of a Wiki, dedicated to the New York judge. The Wiki's....