unlicensed crypto exchange

Californian dark web drug dealers will forfeit cryptocurrencies

Californian dark web drug dealers who happen to be a couple will have to forfeit their cryptocurrency riches. This is because they have pleaded guilty of running the dark web drug operation ring.

Jabari Monson, 32, of Merced, California pleaded guilty to conspiring to distribute controlled substances. Saudia Monson, 39, also of Merced, pleaded guilty to a violation of the Travel Act, after using the mail and internet to distribute controlled substances.  According to the court documents, the couple ran several vendor accounts on Dream Market. It is a dark web marketplace, therefore, the couple sold cocaine, methamphetamine, and marijuana there. The Drug Enforcement Administration(DEA), FBI, Homeland Security Investigations, and U.S. Postal Inspection Service are looking into the case. As per the source, the court will sentence the couple on 19th November this year.

As part of their plea agreement, the defendants will forfeit an undisclosed amount of cryptocurrency. It includes Bitcoin and Bitcoin Cash. Jabari is looking at a maximum statutory penalty of 40 years in prison, a mandatory minimum of five years behind bars, and a hefty $5 million fine. However, Saudia, on the other hand, faces a maximum statutory penalty of five years in prison and a $250,000 fine. Be that as it may, the determination of the actual sentencing of the Californian dark web drug dealers will be after considering any relevant statutory factors and the Federal Sentencing Guidelines, which take into account several variables.

...