Cybercriminal Pleads Guilty to Laundering Bitcoin

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Cybercriminal Pleads Guilty to Laundering Bitcoin
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The Division of Justice reported that Larry Dean Harmon (38, of Akron, Ohio) “agreed to the forfeiture of greater than 4,400 bitcoin, valued at greater than $200 million at at present’s costs, and different seized properties that had been concerned within the cash laundering conspiracy. Harmon can be sentenced at a date to be decided and faces a most penalty of 20 years in jail, a superb of $500,000 or twice the worth of the property concerned within the transaction, a time period of supervised launch of no more than three years, and necessary restitution.”  The August 18, 2021 report entitled “Ohio Resident Pleads Responsible to Working Darknet-Based mostly Bitcoin ‘Mixer’ That Laundered Over $300 Million” included these feedback about to court docket paperwork, that Harmon:

…admitted that he operated Helix from 2014 to 2017. Helix functioned as a bitcoin “mixer” or “tumbler,” permitting prospects, for a charge, to ship bitcoin to designated recipients in a way that was designed to hide the supply or proprietor of the bitcoin.

Helix was linked to and related to “Grams,” a Darknet search engine additionally run by Harmon.

Harmon marketed Helix to prospects on the Darknet to hide transactions from regulation enforcement.

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Absolutely we are going to see extra Darknet crime sooner or later, and glad that Harmon was caught!

© 2021 Foley & Lardner LLPNationwide Legislation Evaluation, Quantity XI, Quantity 236



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