Holland: Ten Young Men Arrested for Laundering €22 Million in Drug Money Via Bitcoin
- Hundreds of Dutch police officers raided several locations around the Netherlands for a gang of dark web criminals.
Hundreds of Dutch police officers have raided fifteen locations around the Netherlands overnight for an alleged gang of dark web criminals using Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term to launder proceeds from the sale of illegal narcotics, according to Dutch newspaper De Telegraaf.
A total of ten suspects were arrested, all men in their early twenties, one from Lithuania and some others of Moroccan origin, according to Dutch police. The gang is suspected of laundering fifteen to twenty million euros using bitcoin.
Customers of the arrested gang paid for their drugs with bitcoins. The bitcoins were then converted into euros and deposited into the bank account of one of the main suspects, which exposed the criminal organization to the police. "At the bank alarm bells went off because there are very large sums of money deposited in bank accounts, which were then withdrawn directly,” said Elena Muller of the Dutch police’s Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term team, which worked on the case for two years.
The investigators got suspicious when one of the main suspects, the man from Lithuania, hastily withdrew a sum of around one million euros.
Besides expensive cars, wads of cash and piles of drugs the police also seized the digital wallets of the gang, which they say are located in America and Australia. It is still unclear to the investigators how many bitcoins are in the wallets.
De Telegraaf video of the raid, screenshot
Hundreds of Dutch police officers have raided fifteen locations around the Netherlands overnight for an alleged gang of dark web criminals using Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term to launder proceeds from the sale of illegal narcotics, according to Dutch newspaper De Telegraaf.
A total of ten suspects were arrested, all men in their early twenties, one from Lithuania and some others of Moroccan origin, according to Dutch police. The gang is suspected of laundering fifteen to twenty million euros using bitcoin.
Customers of the arrested gang paid for their drugs with bitcoins. The bitcoins were then converted into euros and deposited into the bank account of one of the main suspects, which exposed the criminal organization to the police. "At the bank alarm bells went off because there are very large sums of money deposited in bank accounts, which were then withdrawn directly,” said Elena Muller of the Dutch police’s Money Laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term team, which worked on the case for two years.
The investigators got suspicious when one of the main suspects, the man from Lithuania, hastily withdrew a sum of around one million euros.
Besides expensive cars, wads of cash and piles of drugs the police also seized the digital wallets of the gang, which they say are located in America and Australia. It is still unclear to the investigators how many bitcoins are in the wallets.
De Telegraaf video of the raid, screenshot