View full page at cryptocraft.com

 

Dark Web Drug Dealer Indicted for Laundering $137 Million in Bitcoin From Prison

From decrypt.co

A dark web drug dealer from Maryland known as Xanaxman is accused by a Maryland federal court of laundering $137 million worth of Bitcoin from prison. Xanaxman, real name Ryan Farace, was imprisoned three years ago for selling Alprazolam, a form of strong anxiety drug Xanax, on dark web markets. In November 2018, the court ordered Farace to forfeit 4,000 Bitcoin earned from selling drugs. That much Bitcoin was worth $16,800 then but would be worth $187.2 million today. He was also ordered to hand in $5.6 million in cash and property. But Farace continued money laundering while serving a 57-month prison sentence, ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis