Russian national who provided money laundering as a service, pleads guilty in US

Tweet A Russian national, Maksim Boiko, who was accused of operating a money laundering as a service (“MLaaS“) business, pleaded guilty in Pittsburg today, to one count of conspiracy to launder money. In this case, the MLaaS involved opening personal and company bank accounts to receive and then move money for criminals and opening Bitcoin […]

35 darknet drug traffickers arrested in the US; $20 million in Bitcoin seized

Tweet Over 35 people were arrested in a US-wide sweep by the US DOJ, DEA, US Secret Service, ICE, HSI and the FBI agents for selling illegal drugs over the darknet and laundering the proceeds of crime using, inter alia, Bitcoin. The operation involved agents posing as digital currency exchanges to obtain personal information of […]

2017 Worldwide threat assessment – the rule of law is at risk

Tweet The Office of the Director of National Intelligence released its annual Worldwide Threat Assessment on May 11, 2017, from the US Intelligence Community and compared to last year, there are many more international threats to world security. The Threat Assessment from the US is a summary of all of the threats facing the US, […]

DEA & Secret Service Agents in Silk Road investigation arrested for stealing $1 million in Bitcoin

Tweet Two  US government agents in Silk Road investigation arrested for allegedly stealing over $1 million of Bitcoin from Silk Road during the investigation Two former government agents involved in the Silk Road murder and extortion investigations in Baltimore, Carl Force and Shaun Bridges, were arrested and charged with corruption, money laundering, wire fraud and […]

Jackpot or not? Report says combo of online gambling sites and Bitcoin facilitate money laundering

Tweet According to a report released by McAfee Labs, available here entitled “Jackpot! Money Laundering Through Online Gambling,” the global online gambling sector appears to be rife with money laundering problems and Bitcoin is facilitating it. It may be that money laundering is happening on a large scale through unlicensed online gambling websites but the report […]

Two arrested, including one Canadian, in the 1st state bitcoin prosecution in Florida over alleged money laundering

Tweet In another first for bitcoin, the Miami Beach Police today arrested two men for alleged money laundering involving bitcoin. And one of them is Canadian. According to police, undercover officers and special agents from the Miami Electronic Crimes Task Force posed as bitcoins buyers and contacted various bitcoin sellers on the website “localbitcoins.com” specifically […]

Liberty Reserve founder pleads guilty to money laundering

Tweet Money laundering conviction The US government announced that one of the co-founders of Liberty Reserve, Vladimir Kats, pleaded guilty to money laundering and operating an unlicensed money transmitting business yesterday. The US government found that Liberty Reserve was one of the world’s most popular virtual currency services. It’s co-founders were indicted in the U.S. in […]

Silk Road owner arrested over money laundering charges and allegations of ordering hit on man from Canada

Tweet Ross Ulbricht, allegedly the ‘Dread Pirate Roberts’ and owner of the website Silk Road, was arrested by the FBI in San Francisco today at a public library and his popular website was shut down. Silk Road was an Internet-based website that accepted Bitcoin. Ulbricht was charged with money laundering conspiracy, computer hacking conspiracy and drug […]

Tax evasion, beneficial ownership and money laundering – what are the issues facing Canada at the G8 Summit next week?

Tweet A recent article in the Vancouver Sun on the attendance by Stephen Harper at the G8 summit in Ireland and the proposed measures to combat tax evasion contained an interesting statement buried at the end of the article as follows: “international organizations say… Canada has balked at a measure that would identify the true owners […]

Romanian pleads guilty to eBay cyberlaundering scam

Tweet A Romanian man has pleaded guilty for his role in a cyberlaundering scam that took in about US$2.7 million from users of online marketplaces such as eBay, Craigslist and AutoTrader. Adrian Ghighina, 33, of Bucharest, pleaded guilty to conspiracy, bank fraud and money laundering in U.S. District Court for the District of Illinois. Ghighina […]