Silk Road Vendor "Pharmville" Charged for Laundering $19 Million in Bitcoin

Silk Road Vendor "Pharmville" Charged for Laundering $19 Million in Bitcoin

Hugh Brian Haney, according to a criminal complaint unsealed on July 18, sold oxycodone and other substances on the Silk Road marketplace in 2011 and 2012. When Haney attempted to cash out $19 million in bitcoin through an exchange, the exchange froze his account. The Drug Enforcement Administration investigated and identified the Silk Road as the source of Haney’s bitcoin.

Read more...