BTC Launderer Given ‘Lenient’ Three-Year Prison Sentence for Assisting With Bitcoin Fog Case: Report

A person who laundered thousands and thousands of {dollars} price of Bitcoin (BTC) has been sentenced to 3 years in jail after serving to authorities in one other high-profile cryptocurrency cash laundering case.

Based on a brand new report from Bloomberg, Larry Harmon — who pleaded responsible to operating a crypto-mixing service on the darkish internet in 2021 — has been sentenced to 3 years for his position in laundering $300 million price of Bitcoin on behalf of drug traffickers.

Harmon was initially sentenced to twenty years in jail. Nevertheless, after cooperating with authorities and testifying towards Roman Sterlingov, the founding father of Bitcoin Fog – one other crypto mixing service he was concerned with – Harmon was in a position to earn a lighter sentence.

The choose of the case imposed a three-year jail sentence for his help, though he was really useful a harsher sentence of at the very least six years.

Harmon was additionally ordered to forfeit $311 million in BTC and fined $60 million by the US Treasury Division.

In a court docket submitting, prosecutors within the case mentioned Harmon “took full accountability for his actions, pleaded responsible, expressed honest regret and cooperated extensively with the federal government,” in response to Bloomberg.

Earlier this month, Sterlingov was sentenced to 12.5 years in jail for working Bitcoin Fog, which processed greater than 1.2 million BTC price about $400 million between 2011 and 2021.

Based on the Division of Justice, many of the funds combined by the company got here from prison exercise associated to medication, laptop crime, id theft and different unlawful acts.

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