A resident of the American city of Reisterstown (Maryland) and his father were sentenced for laundering the proceeds from the illegal sale of medicines on the darknet. According to the investigation, we can talk about tens of millions of dollars.
Ryan Farace, 38, was sentenced to 4.5 years and his 72-year-old father, Joseph Farace, to 19 months. The son for a long time maintained a XANAXMAN store on one of the marketplaces, which sold alprazolam (sold under the trade name "Xanax"). The investigation revealed that this brought him a total of 9,138 BTC (about $ 420 million as of January 2024, about $ 73 million at the time of Farace's arrest in 2018). Part of the defendant's cryptocurrency assets were confiscated, and he was sentenced to six years in prison.
Investigators found out that Farache Jr. managed to hide some of his income from the investigation. In August 2020, at a meeting, he handed his father a book from the prison library, writing on the back cover the data of his cryptocurrency wallet, which stored 2,874 BTC (then about $ 30 million). Farache Sr. was supposed to transfer the crypt to a third party, with the help of which it was planned to open accounts in foreign banks. The father complied with the request of his son, but in the end the scam failed and ended in a verdict for both.
Ryan Farace, 38, was sentenced to 4.5 years and his 72-year-old father, Joseph Farace, to 19 months. The son for a long time maintained a XANAXMAN store on one of the marketplaces, which sold alprazolam (sold under the trade name "Xanax"). The investigation revealed that this brought him a total of 9,138 BTC (about $ 420 million as of January 2024, about $ 73 million at the time of Farace's arrest in 2018). Part of the defendant's cryptocurrency assets were confiscated, and he was sentenced to six years in prison.
Investigators found out that Farache Jr. managed to hide some of his income from the investigation. In August 2020, at a meeting, he handed his father a book from the prison library, writing on the back cover the data of his cryptocurrency wallet, which stored 2,874 BTC (then about $ 30 million). Farache Sr. was supposed to transfer the crypt to a third party, with the help of which it was planned to open accounts in foreign banks. The father complied with the request of his son, but in the end the scam failed and ended in a verdict for both.
