An Ohio guy called Larry Dean Harmon will serve 3 years in jail and surrender more than $400 million worth of cryptocurrency and other possessions, the Department of Justice revealed on FridayHarmon was prosecuted in 2020 on cash laundering conspiracy charges connected to Helix, a darkweb cryptocurrency “mixer” service he ran.
Understood as crypto “toppling,” services like Helix are created to conceal cryptocurrency deals– frequently for prohibited drugs– and the identity of individuals included. From 2014 to 2017, Harmon processed more than 350,000 Bitcoin (about $311 million USD at the time) in such deals, according to the DOJ’s statement.
Harmon, who pleaded guilty to conspiracy to dedicate cash laundering in August 2021, will be on the hook for 3 years of monitored release after serving his jail sentence. He likewise got a $311,145,854 loss cash judgment.
He dealt with a possible 20 years in jail, however the judge in the event offered him a more lax sentence after he aided with numerous other examinations, as The Wall Street Journal notesThat apparently included his statement in the trial of Roman Sterlingov, who ran another crypto mixer called Bitcoin Fog.
