According to a Bloomberg report, Thomas Spieker and his associates have been found guilty of using bitcoin to facilitate a number of illegal activities, including dark web drug deals, in this case. Spieker offered services in a Facebook post to individuals who wanted to hide their identities. These persons were involved in illegal activities. The Manhattan District Attorney has alleged that Spieker, with the help of his associates, converted approximately $2.7 million worth of bitcoins into dollars. For this many bank and crypto exchange accounts were opened.
“This type of money laundering helps drug smugglers and scammers hide their criminal activities and remit their money abroad,” the Manhattan District Attorney’s office said. can be a major reason for the spread of criminal activities in the Several of Spieker’s clients will face charges of running an illegal drugs marketplace on the dark web and identity theft.
Recently, he was arrested in the US for money laundering and fraud with his NFT series called ‘Frosties’. These people had caused a loss of around $11 million to the buyers before leaving their NFT project. Such cases are called ‘Rig Pull Scams’, in which NFT projects or cryptocurrencies from creators quickly disappear after being sold. The US Justice Department (DoJ) has been looking for NFT series creators Ethan Nguyen and Andre Llacuna since a complaint was filed earlier this year. Both of them were arrested on 24 March.
For the latest tech news, smartphone reviews and exclusive offers on popular mobiles, download the Gadgets 360 Android app and follow us on Google News.
Related news
,