A California man was sentenced to greater than seven years behind bars on expenses associated to working an underground drug-trafficking market powered by Bitcoin (BTC) transfers.
Federal prosecutors say John Khuu illegally imported counterfeit pharmaceutical and MDMA capsules from Germany and subsequently used darkish net markets to distribute the illicit substances to clients throughout the US.
Khuu, 29, was paid in Bitcoin and different crypto belongings, which he and his co-conspirators exchanged for US forex that was then laundered and transmitted to dozens of various accounts.
The California resident was indicted in Could 2022 within the Japanese District of Texas and charged with conspiracy to commit cash laundering. Three months later, Khuu was additionally indicted within the Northern District of California and charged with illegal importation of a Schedule I managed substance. He was arrested by brokers in Backyard Grove, California just a few days after the second indictment.
Khuu’s arrest was the results of “Operation Crypto Runner,” a multi-agency regulation enforcement effort that resulted in a batch of expenses filed towards 21 people for his or her alleged involvement in transnational cash laundering networks.
Final yr, Khuu pled guilty to conspiracy to commit cash laundering, conspiracy to function an unlicensed money-transmitting enterprise and importation of MDMA.
This week, U.S. District Choose J. Campbell Barker sentenced him to 87 months in federal jail.
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