1 year ago
The U.S. Department of Justice (DOJ) has indicted California-based John Khuu for allegedly laundering $5.4 cardinal successful proceeds from cause trafficking by utilizing Bitcoin.
According to the charges, Khuu sold counterfeit pharmaceutical drugs and controlled substances connected acheronian web markets. He received BTC arsenic outgo from customers for their purchases.
To person the funds for fiat, Khuu and his accomplices created dozens of accounts with apical U.S. banks including Citibank, Bank of America, and JPMorgan Chase.
The accused allegedly laundered astir $5.4 cardinal worthy of BTC implicit the play of his operation.
Khuu was arrested connected Aug. 19, 2022, by the DOJ. He is presently facing a 2 count-charge for conspiracy successful wealth laundering and unlawful importation of controlled substances. If proven guilty, helium could hazard spending up to 40 years successful imprisonment.
The station US DOJ charges antheral for utilizing BTC to launder $5.4M successful cause trafficking money appeared archetypal connected CryptoSlate.
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