Swedish gov’t pays out $1.5M in Bitcoin to convicted drug dealer
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....
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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....
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,”....
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Last month, Sweden’s largest precious metal dealer posted a notice that their bank account had been closed without their consent. Tavex Guld & Valuta posted a notice on June 30th that their bank account had been unilaterally closed. This left the dealer without an efficient way of accepting payments for good, racing to establish a new payment system. Shut down because of banks pushing for a cashless society. A notice screenshotted from the Tavex website read as follows: “Best customer, We hereby announce that as of 15:30, Thursday, June 30, 2016, we can no longer accept bank transfers....
Calvin Broadus AKA Snoop Dogg recently had another encounter with European authorities. This Saturday, Snoop Dogg was taken by surprise by the financial police in southern Italy while carrying $422,000 in cash, an amount which needs to be declared to be legally transported across European Union borders. It is easy to imagine the international banking constraints that forced Snoop to have to receive concert payments in cash and then transport them as such. The incident comes less than a week after the rapper was stopped in Sweden on suspicion of drug use and possession. Snoop Dogg later....