A West Yorkshire resident will have to spend 9 years in jail for selling drugs on the dark web with cryptocurrency proceeds so let’s read more today in our latest cryptocurrency news.
The 41-year-old West Yorkshire resident will spend up to 9 years in jail after pleading guilty to drug deals involving crypto assets worth $6.6 million. He pleaded guilty on Tuesday at the Leeds Crown court to several crimes like the possession of Class A and B Drugs and crime proceeds stored in crypto assets that were valued up to $6.6 million in 2021.
According to the police reprots, the illegal activities were noticed initially in 2021 by the Eastern Region Special Operations Unit or the UK national dark web criminality investigation division. After a few months of investigations, the identity of the convict was uncovered and the ERSOU made contact with the crime units and police. The Yorkshire cybercrime unit and Kirklees Police started investigating further by monitoring the man’s routine drops to a local post office from addresses related to him.
The drug dealer was arrested by the Kirklees Programme Precision OFficer and after he was captured, the authorities searched his properties and his computers to discover the drugs and cryptocurrencies. An officer at the Kirklees Police Programme Precision team added:
“Barclay’s use of the dark web proved to be the key to opening the door to his drugs network, and this operation truly demonstrates the effectiveness of information sharing between the police and our national and regional partners.”
Simon Barclay was sentenced to 9 years in prison and the convict will face a Proceeds of Crime hearing later this year. It will also ensure proper confiscation of the profits and he will not be able to reap any benefits after the jail term. Barclay is not the first person to utilize crypto for drug deals. We reported about a man known as Makarand Pardeep Adivirkar who purchased drugs from the dark web using BTC. In recent reprots, Germany confiscated up to $25 million in BTC after shutting down the servers of the world’s biggest illegal dark web marketplace, Hydra.
As recently reported, Binh Thanh Le of Brockton Massachusetts was sentenced to 8 years in prison and will forfeit $2.3 million worth of BTC after starting the “EastSideHigh” darknet market.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]