Person Arrested Involved in the Crypto Laundering

in crypto •  3 years ago 

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Crypto although create ease for people but also a hot cake for cheaters. Sometimes they cheat people and sometimes they cheat on government institutions. As in today’s story, A person is arrested from Ohio involved in money laundering and running the services on the dark web. Larry Harmon involved in money laundering authorities took an action.

According to the Department of Justice. “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.”

According to IRS Criminal Investigation “The sole purpose of Harmon’s operation was to conceal criminal transactions from law enforcement on the Darknet, and because of our growing expertise in this area, he could not make good on that promise. Working in tandem with other sites, he sought to be the ‘go-to’ money launderer on the Darknet, but our investigators once again played the role of criminal disrupters, unraveling the interlinked web from one tentacle to another.”

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