John Khuu from California received an 87-month prison sentence for involvement in a crypto money laundering conspiracy.
Charges Against John Khuu
John Khuu was found guilty of conspiracy to operate an unlicensed money-transmitting business and money laundering. He is accused of illegally importing counterfeit pharmaceuticals and MDMA pills from Germany and selling them on the dark web. Payments were made in Bitcoin. The US DOJ claims the proceeds were converted into US currency and transmitted through hundreds of transactions and financial accounts.
OCDETF Investigation
The operation was conducted by the Organized Crime Drug Enforcement Task Forces (OCDETF). The US DOJ added that investigators from the US Secret Service and Homeland Security took part. Assistant US Attorneys D. Ryan Locker, Charles Bisesto, and Nathaniel C. Kummerfeld prosecuted the cases.
Other Crypto Laundering Cases
A similar investigation led to the arrest of 21 people in 2022 for their roles in transnational money laundering networks. They were accused of laundering millions of dollars stolen from US fraud victims. Attorney Brit Featherston stated that legal action would be taken against such networks. Last month, a Montana man was also convicted of similar crimes, facing up to twenty years in prison.
John Khuu, along with other defendants, drew the attention of authorities due to their actions in the crypto space. The court ruled that they must face punishment for crimes related to money laundering through cryptocurrency.
