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.

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Gary Davis Admits Role as a Silk Road Admin

Gary Davis, aka Libertas, pleaded guilty to one count of conspiracy to distribute narcotics in connection with his role as a Silk Road administrator. No information about a plea agreement has been revealed at the time of the announcement.

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