Drug dealer will deliver USD 4 million in bitcoin to the US government
A wealthy dark web drug dealer was caught in an undercover operation and charged, pleaded guilty and was ordered to deliver more than USD 4 million in bitcoin.
Last week, the US Department of Justice said that Richard Castro, also known as “Chemsusa, Chems_usa or Jagger109,” among other pseudonyms, used the dark web between 2015 and 2019 to sell regulated and restricted drugs.
The resident of the state of Florida, about 36 years old, traded synthetic opioids, specifically carfentanil, fentanyl and phenyl fentanyl, powerful tranquilizers and pain relievers.
U.S. prosecutors say Casto and other conspiring associates operated in Dream Market, AlphaBay and other dark markets already closed. Castro claims that he had thousands of transactions with positive feedback from his clients.
Castro decided to move his dark web commerce last year and told his customers that purchases could be made via encrypted emails, but paying an entrance fee to make the connection. An undercover police officer paid the commission and carried out a group of orders to track the trafficker.
Castro’s clients paid with bitcoin (BTC) and the funds from those transactions were dispersed in 7 different cryptocurrency wallets. The trafficker even carried out money laundering from his funds, through the purchase of valuable assets and a large amount of Zimbabwean bank bonds. Prosecutors say “approximately 100 trillion bonds” were bought thanks to the proceeds of their drug sales.
Castro negotiated a plea agreement for being a drug dealer. On the terms of the deal, the defendant agreed to deliver USD 4,156,198.18 in bitcoin.
Castro accepted the guilt of the conspiracy charge for the possession and distribution of three controlled substances, carfentanil, phenyl fentanyl and fentail, and a money laundering charge.
Under US law, Castro must face a maximum sentence of 10 years to a maximum sentence for life in prison for drug trafficking and another sentence of 20 years in jail for money laundering. His sentence will be issued on October 25, 2019.
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