A Californian man has been sentenced to jail for unlawful cryptocurrency cash laundering and sale of pretend medicine. Based on US authorities, John Khuu, a resident of California, has been sued for committing a criminal offense of cash laundering and for being concerned in a scheme to function an unlawful cash laundering operation.
Based on a press release from the US Division of Justice (DoJ), John Khuu has been sentenced to jail for 87 months for utilizing Bitcoin on the darkish net to launder and generate earnings illegally. In court docket, the Texas police offered proof that Khuu used to import pretend MDMA from Germany in an unlawful approach, after which he used to promote it to prospects within the US in numerous darkish net markets and get funds in Bitcoin (BTC).
Khuu and his accomplice would then commerce the Bitcoin for US foreign money. Khuu has been indicted individually within the Northern District of California and was charged with unlawful importation of a Schedule I managed substance.
Nonetheless, this arrest got here as part of Operation Crypto Runner, an Organized Crime Drug Enforcement Activity Pressure (OCDETF) operation that offers with the highest-level legal and unlawful organizations which are concerned in unlawful actions in the US.
Moreover, prior to now, Khuu has confronted many authorized prices. The Jap District of Texas charged him with cash laundering on Might 18, 2022. On August 17, 2022, he was charged with illegal importation of a Schedule I managed substance within the Northern District of California.
Moreover, authorities arrested him at a residence in Backyard Grove, California, on August 19, 2022.
Meta Description: The US authorities have introduced {that a} Californian man has been sentenced to jail for his involvement in unlawful cryptocurrency cash laundering.
Additionally Learn: Terrorists are Using Monero for Donations in India: TRM Labs
