An Ohio man pleaded guilty on Wednesday to a conspiracy in which federal prosecutors say he laundered more than $300 million of Bitcoins generated through drug trafficking and other illicit activities.
Larry Dean Harmon, 38, admitted to operating a money laundering service called Helix from 2014 to 2017, according to a statement from the U.S. Justice Department. Helix was based on the darknet, the underbelly of the internet where users easily mask their identities to participate in illicit markets promoting the sale of drugs, weapons, malware and humans.
Helix was a cryptocurrency “mixer” or “tumbler,” a service that blends digital ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.