Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Feds Seize $54M in Cryptocurrencies from Leader of New Jersey Drug Ring

Feds Seize $54M in Cryptocurrencies from Leader of New Jersey Drug Ring

CointimeCointime2023/11/02 23:12
By:Cointime

Federal law enforcement officials have seized $54 million worth of cryptocurrencies from Christopher Castelluzzo, the leader of a New Jersey drug ring, and his co-conspirators. The funds were discovered in crypto wallets and were the laundered proceeds of the crew's mail-order cocaine and designer drug operations. Castelluzzo had intended to evade taxes and liquidate his holdings outside the country, and had discussed various offshore destinations for the crypto fortune while in prison. The U.S. Attorney's office stated that the forfeiture action should serve as a warning to those who believe their illicit behavior cannot be traced.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

BlackRock: Bitcoin is ‘Risk Off’, ETH is ‘Risk On’

BlackRock, the world’s largest asset management firm, recently said something about Bitcoin (BTC) and Ethereum (ETH)

Altcoinbuzz2025/02/13 13:33

Lido V3 Redefines Ethereum Staking with stVaults

Lido has taken Ethereum staking to the next level with the launch of Lido V3

Altcoinbuzz2025/02/13 13:33

Claim Your Berachain Airdrop Today: Key Details

The Berachain Foundation has announced that its long-awaited RFB and Social airdrops are now live

Altcoinbuzz2025/02/13 13:33