British Man Charged with Laundering 11.5 mln Euro Using Bitcoin

A British man alleged to have been laundering money for clients trading on the dark web has been arrested in Holland. He is accused of “cleaning” more than 11.5 mln euros

Fri, 23/02/2018 - 4:40

British Man Charged with Laundering 11.5 mln Euro Using Bitcoin

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A British man alleged to have been laundering money for clients trading on the dark web has been arrested in Holland. He is accused of “cleaning” more than 11.5 mln euros between 2014 and 2016 by receiving Bitcoin from drug and contraband dealers, selling it through his own bank account, and then withdrawing funds in local currency.

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About the author

David Dinkins

David Dinkins is a freelance writer who holds a Master of Arts in history from Louisiana Tech University and has extensive teaching experience both at LSU – Shreveport and University of Phoenix. He got involved with cryptocurrency in early 2014 working as part of the Dash Core Team and have served in the role of writer/editor (mostly editor) during that time. He has edited a huge number of documents for the Core Team, including the Evolution whitepaper, the PrivateSend whitepaper, and many of Evan Duffield’s communications with the Dash Community.