Dark Web Drug Dealers Indicted After Laundering $2.3 Million In BTC

Dark web drug dealers were indicted by the Manhattan District Attorney’s Office for laundering more than $2.3 million in crypto. The three men were charged for using debit cards loaded with bitcoin and withdrawing huge amounts in cash from New York ATMs. For more information, let’s follow the latest altcoin news below.

The three dark web drug dealers were charged with operating bogus storefronts for selling illegal drugs, mainly Xanax tablets according to the DA’s office.

Chester Anderson, Ronald MacCarty and Jarrett Codd are the three dark web drug dealers who got charged with multiple felonies including identity theft, sale of controlled substances, money laundering and much more. The Manhattan District Attorney Cyrus Vance says that this action is one of the largest pill seizures in the history of the city. The law enforcement also managed to seize thousands of dollars in BTC but also fentanyl mixed with heroin, ketamine, meth and alprazolam tablets.

The authorities say that the drugs found were stored in orange buckets and were valued at $3 million if the dark web drug dealers managed to sell them on the internet. The District Attorney Cyrus Vance stated:

 “If you are engaging in illicit activity on the dark web, you are on notice: We know how to find you. We know how to put you out of business. And we know how to hold you criminally accountable.”

One of the three dark web drug dealers Ronald MacCarty used a bitcoin machine as the best cryptocurrency news sites reported, and owned a sham drug ship in New Jersey. The other defendant Chester Anderson kept a collection of crypto books at his home. They managed to launch the operation in 2016 and the law enforcement got their heads in the game in 2017 after an anonymous tipster.

The bust operation was coordinated with the Operation Crypto Sweep that was launched in 2018 by the US and Canadian regulators. As the latest cryptocurrency news reported, the North American Securities Administrators Association sent 70 cease-and-desist orders to operations of fraudulent crypto companies across the United States. Dark web drug dealers and other crypto criminals got a warning from the NASAA:

 “Crypto-criminals need to know that state and provincial securities regulators are taking swift and effective action to protect investors from their schemes and scams.’’