United States:

Cybercriminal Pleads Guilty To Laundering Over $300 Million In Bitcoin!

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The Department of Justice reported that Larry Dean Harmon (38,
of Akron, Ohio) “agreed to the forfeiture of more than 4,400
bitcoin, valued at more than $200 million at today’s prices,
and other seized properties that were involved in the money
laundering conspiracy. Harmon will be sentenced at a date to be
determined and faces a maximum penalty of 20 years in prison, a
fine of $500,000 or twice the value of the property involved in the
transaction, a term of supervised release of not more than three
years, and mandatory restitution.”  The August 18, 2021
report entitled “Ohio Resident Pleads Guilty to Operating
Darknet-Based Bitcoin ‘Mixer’ That Laundered Over $300
Million” included these comments about to court documents,
that Harmon:

.admitted that he
operated Helix from 2014 to 2017. Helix functioned as a bitcoin
“mixer” or “tumbler,” allowing customers, for a
fee, to send bitcoin to designated recipients in a manner that was
designed to conceal the source or owner of the bitcoin.

Helix was linked to
and associated with “Grams,” a Darknet search engine also
run by Harmon.

Harmon advertised
Helix to customers on the Darknet to conceal transactions from law
enforcement.

Surely we will see more Darknet crime in the future, and glad
that Harmon was caught!

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