In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.

According to an official announcement shared by the District Attorney’s office on April 24, 2019, Mark Sanchez and Callaway Crain have pleaded guilty to charges of money laundering through the sale of controlled substances on their website and on the dark web.

“These defendants raked in crypto and cash worth millions on their full-service website that sold prescription-free counterfeit steroids and other controlled substances to customers in all 50 states,” Manhattan District Attorney Cyrus Vance Jr. said, per the statement.

Callaway and Crain reportedly shipped 10,000 packages of illegal drugs across the United States between 2013 and 2018, generating millions in income using Western Union and Bitcoin as their preferred payment platforms.

The defendants laundered crypto…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/new-york-makes-first-money-laundering-conviction-involving-cryptocurrency/