Greg's picture
Greg
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2059

Looks Like NextDayGear got hit... again.

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US: Two Men Plead Guilty to Selling Drugs for Crypto and Laundering $2.8 Million

Callaway Crain, 35, and Mark Sanchez, also 35, were allegedly behind the darknet website “NextDayGear,” and also manufactured some of the substances they sold...

https://cointelegraph.com/news/us-two-men-plead-guilty-to-selling-drugs-...

Dr.BroScience's picture

Not in the article listed , but the police were alerted by NYC banking institutions by men taking "unusually large ATM withdrawals" from several NYC ATMs.

That is what prompted the original investigation.

Nice to know that the banks are looking out for you, right?

press1's picture

I didn't realise the banks alerted cops to this type of thing. Max amount you can pull out over here is about £300 a day!

the_surgeon's picture

It appears that they owned bitcoin ATM. Perhaps, that is how they were able to draw out huge amount of cash.

the_surgeon's picture

In this article it states a similar case.

"Just last week, the same DA’s office also indicted three individuals for dealing in drugs and laundering $2.3 million in cryptocurrency by using preloaded debit cards and withdrawing cash at ATMs in Manhattan and New Jersey."

New York State Sees First Conviction for Crypto Money Laundering

the_surgeon's picture

But wait..... there's more...

Drug Dealers Who Made $2.8M On Dark Web Plead Guilty In NYC

"Crain and Sanchez were paid largely in bitcoin and laundered the money by preloading debit cards and withdrawing cash from ATM's in New York and New Jersey, according to the DA's press release. The defendants operated the criminal enterprise from a multitude of New York City apartments between 2013 and 2015, before moving the operation to Dallas, Texas."

The article goes on to say:

"A major break in the case came after search warrants were executed in Dallas, conducted after undercover purchases, revealed a manufacturing laboratory and distribution workspace operated by the defendants."

juiceda58's picture

Damn. Wonder how they track the money. I can see western union but scary to think they can track bitcoin as well. I’m glad they at least put in the article that law enforcement we’re buying. Haha.

killakam's picture

That possibility has always steered me away from Domestic sources.

GizmoDuck's picture

Jeez!