In California, charges against a man who laundered $5,300,000 after converting crypto gained through drug trafficking into cash. John Khuu was accused of distributing bogus prescription drugs and illegal drugs via dark web markets. According to the Eastern Texas U.S District Attorney’s Office, it is mentioned that Khuu worked with others to distribute the drugs.
California Man Charged with Laundering $5,300,000 in Drug Trafficking Crypto into Cash by Federal Prosecutors
The DOJ found that John Khuu had several online vendor accounts for buyers on the dark web. Since the internet was used for illegal commerce, Khuu was able to serve buyers outside of his home of California. As several cases have shown: that’s when the federal prosecutors step in.
Authorities in the Eastern District of Texas observed Khuu’s online movements before filing an indictment in May 2022. He was later arrested in Garden Grove, California on August 19, 2022.
Two days before his arrest, the Northern District of California filed its indictment for two counts of “unlawful importation of a controlled substance.”
On top of the money laundering charges in Texas, John Khuu is facing a maximum of 20 years on each count. The case is still being investigated and Khuu could very well face more charges.
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