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Prisoners’ Dreams to Stash $54M in Crypto in Exotic Locales Dashed as Feds Grab Them for Treasury

From coindesk.com

Federal law enforcement has seized $54 million worth of cryptocurrencies from the leader of a notorious New Jersey drug ring, U.S. Attorney Philip R. Sellinger said Thursday in a statement. Officials discovered the funds in crypto wallets belonging to Christopher Castelluzzo, a convicted drug trafficker, and his co-conspirators, according to federal officials. The wallets held the laundered proceeds of the crew's mail-order cocaine and designer drug operations, which were active between 2010 and 2015. “Our forfeiture action of $54 million should serve as a lesson to those who mistakenly believe we can't trace their ... (full story)

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