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InvisibleveggieM

Registered: 07/25/04
Posts: 17,538
[MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer
    #27695501 - 03/14/22 07:26 PM (2 years, 2 months ago)

Feds to seize $2M in Bitcoin from convicted Brockton drug dealer
March 14, 2022 - Boston Herald

A man convicted of drug charges in federal court in Boston has been ordered by a judge to forfeit about $2 million worth of Bitcoin, the first judicial forfeiture of cryptocurrency in the federal District of Massachusetts, prosecutors said.

Binh Thanh Le, 25, of Brockton, described by prosecutors as the leader and organizer of a sophisticated drug trafficking operation that did its business on the dark web, was also sentenced last week to eight years in prison, according to a statement from the U.S. attorney’s office in Boston.

Le was indicted in June 2019. According to court records, he received large quantities of drugs in the mail from international sources, including ecstasy, Ketamine and Xanax. The drugs were sold on the dark web and shipped to customers throughout the U.S., prosecutors said.

Le was arrested in March 2019 when he met with undercover agents at a Norwood hotel to exchange $200,000 worth of Bitcoin for cash. More than 42 pounds of ecstasy, almost 15.5 pounds of Ketamine, nearly 2 pounds of cocaine and more than 10,000 counterfeit Xanax pills were seized during the investigation. He pleaded guilty in September.

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Invisibledurian_2008
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Registered: 04/02/08
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Re: [MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer [Re: veggie] * 1
    #27696076 - 03/15/22 09:10 AM (2 years, 2 months ago)

What if you don't give them the encryption key, coin, or wallet, based on principle.

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Offlineashfiken
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Re: [MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer [Re: durian_2008]
    #27696115 - 03/15/22 09:44 AM (2 years, 2 months ago)

Prob was conditional for his 8 years sentencing. That's pretty light handed so I'd say the feds wouldn't make a deal that wouldn't have secured the funds as "collateral". So give us the 2 mil Bitcoin or we make 8 years 15


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Invisibledurian_2008
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Re: [MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer [Re: ashfiken] * 1
    #27696168 - 03/15/22 10:29 AM (2 years, 2 months ago)

I would also make them say cryptos are worth something.

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Offlinethirtygoats
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Re: [MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer [Re: veggie]
    #27696533 - 03/15/22 04:03 PM (2 years, 2 months ago)

Too bad he couldn't hide some of the Bitcoin in another wallet or something. When he got out, he'd have enough money to retire, and not have to worry.

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OfflineDave Bowman
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Re: [MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer [Re: ashfiken] * 1
    #27696844 - 03/15/22 08:34 PM (2 years, 2 months ago)

Quote:

ashfiken said:
Prob was conditional for his 8 years sentencing. That's pretty light handed so I'd say the feds wouldn't make a deal that wouldn't have secured the funds as "collateral". So give us the 2 mil Bitcoin or we make 8 years 15




This is exactly it.  Without "paying" for that light sentence, I suspect it would have been much more time.

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Offlineashfiken
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Re: [MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer [Re: Dave Bowman]
    #27699150 - 03/17/22 05:00 PM (2 years, 2 months ago)

Right? Think how many uc buys they can make on the webs with that much crypto. They give a break to ensure an easy draft onto the next poor unsuspecting substance provider.


--------------------
hmm...

"I'm naked and fearless... And my fear is naked."

"life isn't worth living without the threat of death"

"I got my plans in a ziploc bag, let's see how unproductive we can be"

"nobody lives their lives fully except for bull fighters"

My Trade List

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Invisibledurian_2008
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Registered: 04/02/08
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Re: [MA] Feds to seize $2M in Bitcoin from convicted Brockton drug dealer [Re: ashfiken]
    #27699392 - 03/17/22 08:21 PM (2 years, 2 months ago)

Quote:

ashfiken said:
uc buys



I hadn't thought of that, yet. :irishtoast:

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