An Indian citizen pleaded guilty in a US court to drug trafficking and money laundering. The amount of cryptocurrencies confiscated from him was a record in history D.E.A. $150 million
— Criminal Division (@DOJCrimDiv) January 26, 2024
According to court documents, Banmeet Singh, 40, created marketing websites on darknet marketplaces like Silk Road 2, Alpha Bay, Hansa to sell illegal substances. Buyers paid with cryptocurrencies.
From mid-2012 to July 2017, the defendant controlled at least eight distribution points in the United States. The operators of these distribution points received shipments of drugs from overseas and then distributed them across the country and shipped them to England, Ireland, Jamaica and Scotland.
Singh was arrested in London in April 2019. He is one of eight members of the organization convicted of drug trafficking in the United States.
“Singh and traders like him think they can operate anonymously on the dark web and avoid prosecution. “Today’s guilty plea, which includes the forfeiture of approximately $150 million in cryptocurrencies, demonstrates that the Department of Justice will hold violators of U.S. law accountable, no matter how they hide their activities,” said Nicole Argentieri, a spokeswoman for the department’s criminal division.
Let us recall that in January the Ministry of Justice brought charges against 19 defendants associated with the activities of the darknet marketplace xDedic.
In December 2023, German police shut down Kingdom Market, a dark internet site that sold drugs, malware, criminal services, and fake documents.
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