Sweden Government Pays Convicted Drug Dealer $1.5 Million In Bitcoin
The government of Sweden has found itself in the unusual situation of paying out around $1.5 million worth of Bitcoin to a drug dealer, whom they convicted and then jailed. Authorities are being forced to pay the man 33 BTC, after his illegally obtained bitcoin appreciated while behind bars. A Swedish Prosecutor’s Mistake Two years ago, a Swedish court convicted the man for selling drugs online and illegally earning 36 BTC from those sales. However, his prosecutor at the time, Tove Kullberg, used the fiat value of the coin to make her initial case. And as a result, the court judged....
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The Swedish prosecutor had argued in court that the man should be stripped of his illicitly earned Bitcoin at the equivalent value in fiat currency at the time of his conviction. The Swedish government has found itself in the unforeseen situation of paying out around $1.5 million worth of Bitcoin (BTC) to a convicted — and then jailed — drug dealer.Two years ago, the man was convicted in a Swedish court for having illegally earned 36 Bitcoin through online drug sales. Yet, Tove Kullberg, his prosecutor at the time, had used the Bitcoin’s equivalent value in fiat to make her case. The....
Millions in Bitcoin were seized in a police operation. Per a report by news portal Birmingham Live, Jehanzeb Amar and Salahyndin Warsame were convicted for running a drug trafficking operation in Birmingham. In over two years, the subjects were paid more than $4.8 million (around 3.5 million in pounds sterling) for selling “huge amounts” of […]
Convicted dark web vendor Chrissano Leslie, 26, was sentenced last Tuesday and will likely be deported after his release. His defense framed him not as a big drug trafficker, but a street-level dealer who just so happened to sell heroin, fentanyl and other drugs thanks to the dark web. Prosecutors portrayed Leslie as standing on a high tech street corner on a sophisticated online marketplace they called “an anonymous eBay” for criminals. Senior U.S. District Judge Daniel T.K. Hurley said he was concerned with a recent spike in heroin and fentanyl abuse. “People are overdosing and dying,”....
Local Government authorities in Victoria, Australia announced today they are looking to sell US$7.1m worth of bitcoins on the open market in the coming months. The 24,500 BTC were confiscated from a Melbourne drug dealer named Richard Pollard, who was sentenced in October 2014, to 11 years' jail after pleading guilty to commercial trafficking. The bitcoins were seized by the state's Asset Confiscation Operations (ACO) in late-2013 but the agency had to wait until the man's case had been heard in the court system. An ACO spokesperson confirmed it has taken possessions of the 24,500 BTC and....
Following the arrest, two years ago, of a Silk Road drug dealer living in Melbourne, Victoria authorities announced the planned sale of the $9.6 million worth chunk of the digital currency seized during the investigation. The Australian citizen, Richard Pollard, was sentenced on Friday to 11 years jail time after pleading guilty to commercial trafficking, accompanied by a non-parole period of seven years and four months. The 325 days he already served in custody will be subtracted from the total. The two houses belonging to the 32 years old man were raided in late 2012, in accordance with....