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How Mexican Cartels Use Chinese Crypto Brokers to Launder Drug Money

bitcoin drugs dark web cryptocurrency crypto

Law enforcement agencies in the United States have expressed worries that Chinese crypto channels are increasingly being used to launder money by Mexican drug cartels and other transnational organized crime groups. This comes at a time when the size of Chinese exports such as chemicals and other ingredients used in making hard drugs to the U.S. has been growing, per Asia Times. According to a...

Second U.S. Agent To Plead Guilty to Bitcoin Theft

The second of two former U.S. government agents charged with stealing hundreds of thousands of dollars in bitcoin has reached a plea agreement with the prosecutors. Carl Force, a former U.S. Drug Enforcement Administration (DEA) agent, was charged with stealing bitcoins during the investigation of the illegal Silk Road Internet drug emporium, according to Bloomberg. The investigation led to the...

DEA Seizes Innocent College Student's Money in Policing for Money

In February 2014, the DEA seized $11,000 from Charles Clarke, a college student, who was never convicted of any crime. The DEA seized Clarke's money using a process known as civil forfeiture, and he still hasn't gotten any of the money back. While noticeably egregious, The Institute For Justice demonstrates that Clarke's case doesn't scratch the surface of what's being called "policing for...

Agent Force Tried to Work With Bitcoin Exchange Mt. Gox Before Collapse

DEA Agent Carl Force, who is presently charged with stealing bitcoins from Ross Ulbricht during his investigation of the Silk Road, also attempted to work for Mt. Gox during 2013. According to e-mail screenshots published by Mark Karpeles, the agent first made contact via LinkedIn. When Karpeles responded to Force's statement that he "loves the Bitcoin," asking if there was anything Karpeles and...

DEA and Secret Service Agents Steal Bitcoin from Silk Road

According to the New York Times, a Secret Service agent and a former member of the DEA will be indicted on charges of stealing bitcoins during the course of the Silk Road investigation. Silk Road criminal investigation leads to Bitcoin theft Working undercover, former agents Carl Mark Force IV, who worked for the Drug Enforcement Administration, and Shaun Bridges, who worked for the Secret...

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