Indian National Pleads Guilty in Case Involving ‘Largest Single Cryptocurrency and Cash Seizure in DEA History’

An Indian nationwide has pleaded responsible in a case involving “the largest single cryptocurrency and cash seizure” within the U.S. Drug Enforcement Administration (DEA) historical past. The defendant “is designated as a Consolidated Priority Target, which makes him one of the most significant drug trafficking threats in the world,” the U.S. Department of Justice (DOJ) described.

This Case Involves Largest Single Cryptocurrency and Cash Seizure in DEA History, Says DOJ

The U.S. Department of Justice (DOJ) introduced Friday {that a} 40-year-old Indian nationwide, Banmeet Singh, has pleaded responsible to “running a dark web narcotics conspiracy.” Specifically, he pleaded responsible to conspiracy to own with the intent to distribute managed substances and conspiracy to commit cash laundering. The announcement particulars:

According to the DEA, this case includes the most important single cryptocurrency and money seizure in DEA historical past; the defendant has forfeited cryptocurrency accounts that finally turned value $150 million.

According to courtroom paperwork, Singh created vendor advertising websites on darkish net marketplaces to promote managed substances. Customers paid with cryptocurrency, and Singh personally shipped or organized the cargo of managed substances from Europe to the United States by way of U.S. mail or different transport providers.

The DOJ defined that from at the least mid-2012 by way of July 2017, Singh managed at the least eight distribution cells in varied U.S. states. “Individuals in those distribution cells received drug shipments from overseas and then re-packaged and re-shipped the drugs to locations in all 50 states, Canada, England, Ireland, Jamaica, Scotland and the U.S. Virgin Islands,” the Justice Department famous.

Singh was arrested in London in April 2019 and the federal government secured his extradition to the U.S. final 12 months. DEA Special Agent in Charge Orville O. Greene commented:

Banmeet Singh is designated as a Consolidated Priority Target, which makes him one of the vital important drug trafficking threats on the earth.

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