• Latest
Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin

Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin

November 8, 2019
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 Business

Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin

coinnewsdaily by coinnewsdaily
November 8, 2019
in Business
0
Silk Road Seller Pleads Guilty to Money Laundering $19 Million With Bitcoin
190
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

A former narcotics trafficker pled guilty to charges that he laundered $19 million in profit through Silk Road.

Prosecutors with the Southern District of New York announced a plea deal with Hugh Brian Haney on Thursday, adding another postscript to the infamous dark web marketplace’s history. According to a press release, Haney was accused of laundering close to $20 million using bitcoin in early 2018.

Silk Road was among the dark web’s earliest drug marketplaces and a haven for its bitcoin-accepting vendors until its operator, Ross Ulbricht, was arrested in October 2013 and the site was shut down. Ulbricht is currently serving a life sentence on charges of narcotics distribution, computer hacking and conspiracy. 

Haney was one of the sellers who used the marketplace. According to the prosecutors, Haney was a “high-ranking member” of a narcotics outfit known as Pharmville, and is said to have received nearly 4,000 bitcoin from Silk Road-linked accounts through February 2012. According to the complaint, he trafficked in fentanyl, oxycontin and other narcotic sales.

“Hugh Haney used Silk Road as a means to sell drugs to people all over the world,” U.S. Attorney Geoffrey S. Berman said in a statement. “Then he laundered more than $19 million in profits through cryptocurrency.”

He was caught after liquidating his remaining bitcoins on an exchange for $19,147,053 in January and February 2018. The unnamed company froze his account and launched an internal investigation that ultimately led to a search warrant. Haney was arrested in July 2019.

Initially, Haney claimed his bitcoin came from a mining operation. But investigators used “blockchain analysis software” to show the funds came from Silk Road, according to the July complaint.

According to his plea deal, Haney pled guilty to one count of concealing money laundering and one count of engaging in a financial transaction in criminally derived property. He is set to be sentenced in February 2020.

Handcuffs image via Shutterstock

Credit: Source link

Tags: BusinessCryptoCrypto Business
Share76Tweet48
Previous Post

MakerDAO Proposes New DAI Ceiling After Hitting $100 Million Cap

Next Post

XRP Price Loses 13% of Its Value |

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
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
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin
Alt Coin

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

April 25, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

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

What is the future of Ethereum (ETH)?

April 22, 2022
Load More
Next Post
XRP/USD technical analysis. Small gains ahead of future uptrend? Latest Ripple (XRP) News & Price Analysis

XRP Price Loses 13% of Its Value |

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)$23,091.000.29%
  • ethereumEthereum(ETH)$1,599.61-0.20%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$308.571.22%
  • rippleXRP(XRP)$0.4137280.52%
  • cardanoCardano(ADA)$0.3883492.04%
  • dogecoinDogecoin(DOGE)$0.0873280.90%
  • matic-networkPolygon(MATIC)$1.165.63%
  • solanaSolana(SOL)$24.360.07%
  • okbOKB(OKB)$36.381.32%
  • polkadotPolkadot(DOT)$6.561.43%
  • shiba-inuShiba Inu(SHIB)$0.0000121.04%
  • litecoinLitecoin(LTC)$88.891.50%
  • tronTRON(TRX)$0.0634672.63%
  • daiDai(DAI)$1.00-0.02%
  • cosmosCosmos Hub(ATOM)$13.483.13%
  • chainlinkChainlink(LINK)$7.382.75%
  • leo-tokenLEO Token(LEO)$3.845.13%
  • moneroMonero(XMR)$180.205.25%
  • ethereum-classicEthereum Classic(ETC)$22.000.10%
  • bitcoin-cashBitcoin Cash(BCH)$134.880.67%
  • stellarStellar(XLM)$0.0928200.66%
  • crypto-com-chainCronos(CRO)$0.0819310.93%
  • filecoinFilecoin(FIL)$5.39-1.41%
  • algorandAlgorand(ALGO)$0.2547193.48%
  • vechainVeChain(VET)$0.0248954.08%
  • internet-computerInternet Computer(ICP)$6.063.73%
  • aaveAave(AAVE)$87.20-2.05%
  • eosEOS(EOS)$1.111.88%
  • theta-tokenTheta Network(THETA)$1.126.04%
  • elrond-erd-2MultiversX(EGLD)$44.712.43%
  • tezosTezos(XTZ)$1.122.10%
  • paxos-standardPax Dollar(USDP)$1.000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$43.961.10%
  • huobi-tokenHuobi(HT)$5.050.76%
  • havvenSynthetix Network(SNX)$2.566.01%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.021.71%
  • iotaIOTA(MIOTA)$0.2448496.27%
  • zcashZcash(ZEC)$46.61-0.51%
  • makerMaker(MKR)$671.832.23%
  • neoNEO(NEO)$8.270.68%
  • dashDash(DASH)$51.731.86%
  • zilliqaZilliqa(ZIL)$0.0294195.44%
  • compound-governance-tokenCompound(COMP)$57.835.75%
  • basic-attention-tokenBasic Attention(BAT)$0.2652991.09%
  • nemNEM(XEM)$0.0399713.87%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.475.68%
  • bitcoin-goldBitcoin Gold(BTG)$17.48-3.05%
  • qtumQtum(QTUM)$2.723.19%
  • wavesWaves(WAVES)$2.6711.05%
  • sushiSushi(SUSHI)$1.352.20%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,669.441.68%
  • golemGolem(GLM)$0.2512523.46%
  • omisegoOMG Network(OMG)$1.512.66%
  • ontologyOntology(ONT)$0.2203841.20%
  • digibyteDigiByte(DGB)$0.0111511.21%
  • umaUMA(UMA)$2.050.05%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%