Silk Road Seller Laundered Money Using Bitcoin Worth $19 Million
Global Exchange- Hugh Brian Haney, a narcotics drug dealer, has been found guilty of money laundering $19 million in profit via the Silk Road darknet marketplace. Silk Road seller laundered money using bitcoin worth $19 million. As per a news release, he was charged with laundering nearly $20 million utilizing Bitcoin last year. A plea deal was announced with Hugh Brian Haney by the prosecutors of the Southern District of New York. Silk Road was one of the common drug routes and a place for the dark web’s Bitcoin dealers. Ross Ulbricht, Silk Road’s operator, was arrested in 2013. He is now serving life imprisonment for being guilty of security hacking, narcotics supply and unlawful acts. Haney was a significant member of Pharmville, a narcotics trafficking organization. In 2012, he obtained almost 4,000 Bitcoin from accounts related to Silk Road. He was found to have traded drugs such as Fentanyl, Oxycontin and was also involved in narcotics trafficking. Geoffrey Berman, the US Attorney, said, “Hugh Haney used Silk Road as a means to sell drugs to people all over the world.” Adding, “Then he laundered more than $19 million in profits through cryptocurrency.” Haney was arrested in July 2019 after he had liquidated his Bitcoin for $19,147,053 in 2018. Though Haney said he got his Bitcoin from a mining act, researchers proved using the “blockchain analysis software” that the funds came from Silk Road. Haney was found guilty of covering up money laundering and being involved in a property transaction that was criminally derived. Sentencing is scheduled February next year for him.
The bitcoin entrepreneur Charlie Shrem has been sentenced to two years in jail for his part in a money laundering scheme, after a bitcoin exchange he ran was found to be aiding users of the Silk Road black market.
This Ohio man is accused of trying to launder $19 million of bitcoin from the dark web Published Tue, Jul 23 2019 1:14 PM EDT Updated Tue, Jul 23 2019 2:02 PM EDT Tom Huddleston Jr. Both charges stemmed from the case that led to Haney’s arrest earlier this year for money laundering crimes involving Bitcoin wallets linked the Pharmville vendor account. The Money Laundering Charge “Hugh Haney used Silk Road as a means to sell drugs to people all over the world. Then he laundered more than $19 million in profits through cryptocurrency,” U.S. Attorney Geoffrey S. Berman ... According to the DoJ, Haney has been arrested and charged with money laundering and drug trafficking.He used the notorious darknet website ‘Silk Road’ extensively prior to its shutdown in 2013 to sell drugs to people all over the world. Silk Road: A digital platform that was popular for hosting money laundering activities and illegal drug transactions using Bitcoin. Silk Road, coined as the first modern darknet market, was ... Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin A former narcotics trafficker pled guilty to charges that he laundered $19 million in profit through Silk Road .
Silk Road Secret Service Agent Sentenced A Secret Service agent, key in prosecuting Ross Ul. icht during the infamous Silk Road case, was himself sentenced to prison 7 November 2017 for money ... Bitcoin is the cryptocurrency that has been the darling of the online payment world since its development in 2009. But now federal prosecutors have charged two Bitcoin entrepreneurs with money ... Simon Dixon of @BnkToTheFuture.com will be discussing Bitcoin and Money Laundering. The live AMA with Simon Dixon is streamed live every Wednesday at 7pm GMT... Anonymize money with trustless mixers. http://sx.dyne.org/anontx/ 1Fufjpf9RM2aQsGedhSpbSCGRHrmLMJ7yY Our Bitcoin discussion topics includes the Bitcoin protocol of the block chain, the real identity of Satoshi Nakamoto, ramifications of the Silk Road on Bitcoin price, Dogecoin, Litecoin, the Dark ...