US Cryptocurrency User Accused of Laundering $5 Million in Money

A California resident, USA, is accused of selling counterfeit medicines worth a total of $5.3 million in exchange for bitcoin.

Authorities in the United States, John Khuu, both money laundering as well as selling counterfeit drugs they blame.

Khuu was arrested by the authorities in August 2022. Authorities claim that Khuu has been selling fake medicine on the darkweb since January 2020.

According to the official statement by the US Treasury Department, Khuu generally recommends these drugs. was selling for bitcoin. However, the statement made Other cryptocurrencies have also been used indicates that it might.

Khuu used institutions such as Bank of America, Citibank, JPMorgan Chase and Wells Fargo to launder the money he received from his customers. According to the claims of the authorities, Khuu used a fake identity while doing these transactions.

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