US Enforcement Agencies to Seize $22M Worth Crypto

35 suspects in the arms and drugs trade were detained during a secret operation that lasted a year
27 June 2018   372

Special agents of the US Department of Homeland Security, in cooperation with the secret service and the DEA, seized about 2,000 bitcoins and other crypto-currencies worth $ 22 million from the darknet sellers, according to the website of the US Department of Justice.

35 suspects in the arms and drugs trade were detained during a secret operation that lasted a year.

On darknet-sites, such as Silk Road 2, AlphaBay and Hansa, special agents offered to exchange crypto-currency for dollars allegedly for money laundering. As a result, they went to the traders of illegal goods. The prosecutor's office has already started more than 90 criminal cases

Criminals who think that they are safe on the Darknet are wrong,” said Deputy Attorney General Rosenstein.  “We can expose their networks, and we are determined to bring them to justice. Today, we arrested more than 35 alleged Darknet vendors.  We seized their weapons, their drugs, and $23.6 million of their ill-gotten gains. This nationwide enforcement effort will reduce the supply of deadly drugs like fentanyl that are killing an unprecedented number of Americans.  I want to thank our federal prosecutors, and the dedicated federal agents with DEA, Homeland Security Investigations, the Postal Inspection Service, and the Secret Service for their outstanding work.
 

Rod J. Rosenstein

Deputy Attorney General

As part of the special operation, the prosecutor's office charged two suspects Ryan Fares and Robert Swain, who from 2013 to 2017 sold drugs through a darknet. The authorities of the country want to recover from them $ 5.6 million in addition to the cost of 4000 BTC, allegedly received by them from illegal sales, and also confiscate two mansions and a car.

We note that the US government sells the confiscated cryptocurrency at auctions. So, in the period from 2013 to 2014, the country's authorities put up for sale 80 thousand bitcoins.

Crypto Billionaire to Lost 5.5k BTC Due to Fraud

Thai scammers convinced 22 yo Finnish crypto billionaire to invest in their 'investment' scheme
13 August 2018   234

The 22-year-old cryptocurrency millionaire lost more than 5,500 bitcoins after taking part in the investment scheme in Thailand. The case attracted public attention because of the possible participation of a Thai actor. This is reported by Bangkok Post.

A group of scammers in June 2017 persuaded Finnish businessman Aarni Otawa Saarimaa to invest in several Thai securities, a casino in Macau and a crypto currency called Dragon Coin.

Scammers claimed that Dragon Coin could be used in Macau casinos. In addition, they brought Saarimaa to this casino to demonstrate the legitimacy of their project. Saarimaa transferred 5 564 BTC to fraudsters.

In January, without receiving any income for his investments, Saarimaa filed a complaint with the Crime Suppression Division's (CSD), along with his local business partner, who believed that this investment scheme was fraudulent.

CSD began to investigate the case and stated that the group made no investment for Saarimaa, instead transferring all the bitcoins to Thai baht and placing these funds on seven bank accounts.

Although it is not clear when exactly the scammers sold the bitcoins, CSD announced that they raised about 800 million baht or about 24 million dollars.

Then followed a months-long investigation, according to which CSD began to suspect that the Thai film actor Jiratkisit "Boom" Jaravijit also took part in the fraudulent scheme - he was arrested last Wednesday.

In addition, the CSD stated that it suspects the actor's brother, Princess Jaravijit, as the "instigator" of this entire scheme. He left Thailand, traveling to South Korea, and then to the United States. According to the Bangkok Post, CSD is currently working with the US to track him down.