A recent report from the Manhattan District Attorney’s Office has detailed three men have been found to be laundering $2.3 million in cryptocurrency. The suspects were using debit cards pre-loaded with Bitcoin and withdrawing large sums of cash at ATMs in New York and New Jersey.
The men were also charged with operations of bogus storefronts on the dark web that sold illegal drugs, according to the DA’s Office statement. Chester Anderson, Jarrett Codd, and Ronald MacCarty all names for money-laundering and criminal drug sales were indicted with multiple felonies.
One of the suspects had also operated a Bitcoin machine. When they mailed the counterfeit drugs to purchasers, the defendants had used return addresses that falsely identified the sender as a New York City business, including multiple Manhattan law firms.