Ohio man to be prosecuted for laundering millions in crypto over the darknet
Larry Dean Harmon helped pass $300 million over several underground marketplaces
Even though in the world of cryptocurrency transactions can be kept anonymous and low profile, there can be other ways to track down people participating illegally in the business, and this is what federal prosecutors just did to Larry Dean Harmon. From the town of Greater Akron, Ohio, a huge tale of money laundering using cryptocurrency for guns and drugs business with the help of the darknet, concluded with the arrest of this man last Thursday. Harmon was indicted secretively by a federal grand jury for conspiracy to launder monetary instruments, operating an unlicensed money transmitting business and transmitting money without a license, court records show.
Harmon is now facing a possible sentence for up to 17 years behind bars though more details are yet to be discovered since this case’s indictment was unsealed. For now, he will be kept at the order of the federal prosecutors in Ohio and he was not granted any bail. Authorities requested the judge to keep him in custody since he is a multimillionaire with cryptocurrency available that can access anywhere in the world. He will remain in custody in Washington, DC.
Harmon’s lawyer is based in Houston, Texas and has been keeling a low profile. Back in Akron,Harmon’s business is located in an office above a restaurant at the corner of East Market and High streets. Coin Ninja is the name of this man’s cryptocurrency company that had the market intention of accelerating the use of Bitcoin across the world. Whatever charges he is facing doesn’t seem to be related to this company as it was not mentioned, and it is still operating. Currently, the accusation says that the laundering of approximately 354,468 Bitcoin, the equivalent to about $311 million, had occurred on the dark web.