• Latest
Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto

Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto

February 20, 2020
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto

coinnewsdaily by coinnewsdaily
February 20, 2020
in Tech
0
Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

The U.S. arrested an alleged money launderer Tuesday on accusations of using cryptocurrencies and cashier’s checks to obfuscate the origins of funds related to drug running.

First noted by George Washington University’s Seamus Hughes, the complaint, unsealed Wednesday, charges Pedro Antonio Aquino-Eufracia with conspiracy for allegedly participating in a drug cartel, laundering funds using a combination of cashier’s checks and cryptocurrencies.

According to the filing, U.S. Drug Enforcement Administration (DEA) Special Agent Drew Gizzi alleged Aquino-Eufracia was part of “a large-scale, international Money Laundering Organization” (MLO), with individuals based in New Jersey, Florida, the Dominican Republic and other unnamed locations.

“The investigation, including a review of lawfully-obtained mobile communications and other electronic evidence, has revealed that on at least two occasions in April and May, 2018, Aquino-Eufracia agreed to accept large sums of cash drug proceeds from [a co-conspirator] and then converted the cash into virtual currency,” Gizzi said.

The document noted that “bitcoins are generated and controlled through computer software operating via a decentralized, peer-to-peer network,” and that bitcoin primarily exists “as units of an internet-based form of currency.”

“A high-ranking member” of the organization allegedly told Aquino-Eufracia to deposit the undisclosed crypto into specific wallets, with the organization hoping to obfuscate the details of the cash proceeds.

The complaint did not specify a dollar value for the crypto allegedly used to launder the funds or which cryptocurrencies were used, though bitcoin was included.

According to Gizzi, law enforcement officials seized nearly $200,000 in dollars from co-conspirators in July 2018. Overall, he alleges that “millions of dollars in cash drug proceeds” have been laundered.

An arrest warrant for Aquino-Eufracia was signed on Feb. 14 and sealed until Feb. 19, following his arrest. In addition to the DEA, the IRS’s criminal division participated in the investigation.

Read the arrest warrant and complaint below:

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.



Credit: Source link

Tags: Crypto Tech
Share76Tweet47
Previous Post

Never Mind Hodlers, Crypto Needs More Opportunist Investors

Next Post

Bitcoin News Roundup for Feb. 20, 2020

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
MARKETS DAILY: Crypto News Roundup for Jan. 28, 2020

Bitcoin News Roundup for Feb. 20, 2020

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$21,378.00-0.14%
  • ethereumEthereum(ETH)$1,227.76-0.93%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$239.420.09%
  • rippleXRP(XRP)$0.363666-1.30%
  • cardanoCardano(ADA)$0.50-3.23%
  • SolanaSolana(SOL)$40.72-1.61%
  • dogecoinDogecoin(DOGE)$0.0769218.46%
  • polkadotPolkadot(DOT)$8.08-1.85%
  • Shiba InuShiba Inu(SHIB)$0.000012-1.49%
  • daiDai(DAI)$1.000.08%
  • tronTRON(TRX)$0.0682265.00%
  • leo-tokenLEO Token(LEO)$5.88-0.61%
  • matic-networkPolygon(MATIC)$0.58-3.16%
  • litecoinLitecoin(LTC)$58.33-1.15%
  • FTXFTX(FTT)$27.72-0.70%
  • OKBOKB(OKB)$12.71-2.24%
  • chainlinkChainlink(LINK)$6.93-4.12%
  • CronosCronos(CRO)$0.127287-1.61%
  • stellarStellar(XLM)$0.122910-3.31%
  • cosmosCosmos Hub(ATOM)$8.390.47%
  • algorandAlgorand(ALGO)$0.343858-2.46%
  • ethereum-classicEthereum Classic(ETC)$17.314.38%
  • moneroMonero(XMR)$127.48-2.60%
  • bitcoin-cashBitcoin Cash(BCH)$116.07-1.23%
  • vechainVeChain(VET)$0.025218-3.20%
  • Internet ComputerInternet Computer(ICP)$5.97-3.75%
  • theta-tokenTheta Network(THETA)$1.40-4.93%
  • filecoinFilecoin(FIL)$6.03-1.63%
  • tezosTezos(XTZ)$1.51-2.49%
  • ElrondElrond(EGLD)$57.73-6.14%
  • bitcoin-cash-svBitcoin SV(BSV)$62.08-2.68%
  • eosEOS(EOS)$1.020.09%
  • AaveAave(AAVE)$67.63-5.03%
  • makerMaker(MKR)$1,041.73-1.66%
  • paxos-standardPax Dollar(USDP)$1.000.10%
  • zcashZcash(ZEC)$66.14-4.12%
  • huobi-tokenHuobi(HT)$5.36-1.21%
  • iotaIOTA(MIOTA)$0.295664-3.33%
  • neoNEO(NEO)$9.83-1.03%
  • zilliqaZilliqa(ZIL)$0.047007-4.86%
  • wavesWaves(WAVES)$6.21-2.22%
  • havvenSynthetix Network(SNX)$2.73-6.54%
  • basic-attention-tokenBasic Attention(BAT)$0.405556-3.68%
  • dashDash(DASH)$51.19-2.33%
  • PancakeSwapPancakeSwap(CAKE)$3.42-0.07%
  • KusamaKusama(KSM)$55.08-3.98%
  • nemNEM(XEM)$0.042118-4.29%
  • CompoundCompound(COMP)$52.57-1.67%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$3.09-1.79%
  • bitcoin-goldBitcoin Gold(BTG)$17.60-1.62%
  • omisegoOMG Network(OMG)$1.99-1.80%
  • golemGolem(GLM)$0.243673-1.78%
  • SushiSushi(SUSHI)$1.20-4.40%
  • ontologyOntology(ONT)$0.243648-1.28%
  • yearn-financeyearn.finance(YFI)$6,651.98-3.36%
  • umaUMA(UMA)$2.79-1.74%
  • digibyteDigiByte(DGB)$0.010642-4.51%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....