- Suspects were found to have been laundering $2.3 million in cryptocurrency.
- The men had been dealing drugs via the dark web and collecting payment via Bitcoin and other cryptos
A recent report from the Manhattan District Attorney’s Office has detailed three men have been found to be laundering $2.3 million in cryptocurrency. The suspects were using debit cards pre-loaded with Bitcoin and withdrawing large sums of cash at ATMs in New York and New Jersey.
The men were also charged with operations of bogus storefronts on the dark web that sold illegal drugs, according to the DA’s Office statement. Chester Anderson, Jarrett Codd, and Ronald MacCarty all names for money-laundering and criminal drug sales were indicted with multiple felonies.
One of the suspects had also operated a Bitcoin machine. When they mailed the counterfeit drugs to purchasers, the defendants had used return addresses that falsely identified the sender as a New York City business, including multiple Manhattan law firms.
BEST BROKERS TO TRADE CRYPTO
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.