According to the indictment: Larry Dean Harmon knowingly and willfully laundered Bitcoins worth hundreds of millions of dollars on the Darknet.

In as sealed indictment the Department of Justice alleges that Larry Harmon advertised and offered his services to launder money on the Darknet, Harmon claimed that his services are secure and anonymized in such a way that the Law Enforcement will never be able to trace the transaction, identify the individuals involved in the transaction, nor could they be able to know the amounts of money involved in the transaction or the source of money – legit or illicit didn’t matter!

The pitch worked and money start pouring!

The ability to transfer millions of dollars anonymously without leaving a trace behind was appealing to criminal gangs and drug dealers, and he was able to launder 10s of millions of dollars a month, the justice department alleges that Harmon helped launder at least $311 million through his network on the Darknet.

Larry Harmon is a resident of Ohio but it appears that he took up a residence in Belize,  and it’s likely that he operated from that country, however, most of his operations were targeted toward Americans and most of the transaction either originated or ended in the United States.

The Justice Department seeking to seize real estate and other properties that are located in Ohio, Colorado and other states.

 For more recent development and details of $60 million penalty click here - 

Source: DOJ, OxBridge Research, Daily Stock Deals