[ad_1]
TYLER, Texas – A San Francisco, CA man has been indicted for federal violations within the Jap District of Texas, introduced U.S. Lawyer Brit Featherston at this time.
John Khuu, 27, was named in an indictment returned by a federal grand jury charging him with cash laundering conspiracy. Khuu was arraigned in federal courtroom by U.S. Justice of the Peace Choose John D. Love on Oct. 6, 2022.
In line with the indictment, Khuu is alleged to have conspired with others to launder the proceeds of his drug trafficking group by means of cryptocurrency. The defendant allegedly distributed counterfeit pharmaceutical drugs and different managed substances on darkish net markets to clients throughout the US. Prospects paid for his or her purchases by transferring cryptocurrency, normally Bitcoin, from their darkish net market buyer accounts to certainly one of Khuu’s vendor accounts. Khuu and his co-conspirators traded the Bitcoin for U.S. forex and laundered the proceeds by means of a whole lot of transactions and dozens of economic accounts.
In the course of the course of the conspiracy, Khuu and his co-conspirators allegedly laundered greater than $5,350,000.00.
On Might 18, 2022, a federal grand jury within the Jap District of Texas returned an indictment charging Khuu with conspiracy to commit cash laundering. On August 17, 2022, a federal grand jury within the Northern District of California returned a two-count indictment charging Khuu with illegal importation of a managed substance.
On August 19, 2022, brokers arrested Khuu pursuant to each warrants at a residence in Backyard Grove, CA.
If convicted, Khuu faces as much as 20 years in federal jail on every cost. A grand jury indictment isn’t proof of guilt. A defendant is presumed harmless till confirmed responsible past an inexpensive doubt in a courtroom of regulation.
This effort is a part of an Organized Crime Drug Enforcement Activity Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level prison organizations that threaten the US utilizing a prosecutor-led, intelligence-driven, multi-agency method. Extra details about the OCDETF Program might be discovered at https://www.justice.gov/OCDETF.
This case is being investigated by the U.S. Secret Service and the U.S. Postal Inspection Service and is being prosecuted by Assistant U.S. Lawyer Nathaniel C. Kummerfeld.
###
[ad_2]
Source link
