Cybercriminal Pleads Guilty to Laundering Bitcoin

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.


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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