U.S Attorney Announces Detainment of a Narcotics Trafficker Caught Money Laundering
U.S Attorney, Geoffrey S. Berman and Special Agent, Angel M. Melendez revealed the news regarding the detainment of a narcotics trafficker who tried to wash $19 million of illegal cryptocurrencies on the Dark Web called “Silk Road”.
The trafficker who goes by the name Hugh Brian Haney (age 60), was supposedly arrested the morning of Thursday, July 18, 2019. According to M. Melendez, Silk Road was shut down in 2013, however, crypto criminals have tried and successful leeched back into the system to launder their illegal digital assets.
Here’s an extract of what has been shared regarding Haney’s move:
“Haney was allegedly one of those criminals who was still holding on to a stash of cyber gold. HSI special agents employed blockchain analytics to uncover and seize bitcoins valued at $19 million and usher Haney out of the dark web shadows to face justice in the Southern District of New York.”
A narcotics vendor on Silk Road dubbed, “Pharmville,” shared a list of individuals involved in illicit narcotics. Between the years 2011 and 2012, agents purchased an array of narcotics. Upon searching Haney’s house, in 2018, evidence against him was found.
While Haney tried to argue that his $19 million came from bitcoin mining, it was found that they were actually from Silk Road transfers.
According to The United States Attorney’s Office Southern District of New York:
“Haney […] is charged with one count of concealment money laundering, which carries a maximum sentence of 20 years in prison, and one count of engaging in a financial transaction in criminally derived property, which carries a maximum sentence of 10 years in prison.”