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Danish Man Faces Over 4 Years in Prison for Laundering $450K With Bitcoin


A 33-year old Danish man laundered $450,000 by depositing dirty money in Bitcoin and sending it to exchanges overseas.

A 33-year old Danish man has been sentenced to four years and three months in jail for laundering over $450,000 in Bitcoin (BTC), tech news agency The Next Web reports April 8.

Citing a press release from Danish Police, the report says that the criminal pleaded guilty to laundering 3 million Danish kroner that came from criminal activity.

The crypto launderer reportedly exchanged the dirty money in Bitcoin and sent the funds to his accomplices via accounts of unspecified foreign crypto exchanges.

Danish police reportedly detected the intruder through an investigation of card abuse after they found that one of the criminal’s bank accounts was connected to a blackmail and extortion scam.

The police commissioner stated that authorities are well equipped to combat illegal activities…



Read Full Story : Cointelegraph.com News

2019-04-08 19:47:00

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