Authorities at the Pasco County jail in Florida recently caught inmates in an elaborate money laundering scheme involving Bitcoin and the dark web.
Florida Inmates Find The Best Money Laundering Counterparty: The Government
The scheme reportedly involved buying stolen credit card information on the dark web with Bitcoin. Then, using the stolen cards to fund their commissary accounts, inmates released the funds to co-conspirators on the outside.
Just over $8,000 was stolen throughout 43 transactions, deputies reported.
It’s unclear how many people were involved in the scheme. Reportedly, multiple inmates were involved, and one civilian has been arrested.
Florida man Kamu Kaloma of New Port Richey, 37, was arrested on a fraud charge.
Additionally, warrants issued in Pasco County named several former inmates. No one has publicly said how long the scheme is suspected to have gone on.
Jail authorities undoubtedly noticed a pattern of large deposits and withdrawals, with unrelated parties playing a role in between.
Implicating the county jail system in a money laundering scheme will probably not be looked at in a friendly light.
In a case like this, much of the evidence will be digital and hard to refute. As a defendant, you might find yourself playing the role of proving your innocence, although the opposite paradigm is supposed to be at play.
Some of the main items trafficked on the dark web are identities, accounts (including Netflix, Hulu, et cetera), credit cards, counterfeit money, and, of course, drugs.
Novel Use of Bitcoin & » Read Full Article «