This week cointelegraph reported that the Leicester Crown Court confiscated over $2.29 million from an online drug kingpin who ran a darknet store from the attic of his home.
Johnson’s ex-wife, Lia Taylor-Walton, was sentenced to two years in prison and suspended for two years, due to her cooperation with the online crypto drug empire.
Local media quoted Judge Martin Hurst, who said the drug dealer generated total revenue of approximately £2,183,304 ($2.77 million), although they only managed to confiscate £1,837,601 ($2.29 million).
According to the Harborough Mail, Paul Johnson, 32, a former KFC employee, ran a darknet marketplace from his semi-detached house in Leicestershire.
Drugs found inside Johnson’s property The former KFC worker was indicted for possession of class A and B drugs, possession with intent to supply class A drugs, improper importation of goods to the UK, and five counts of money laundering.
Johnson was also sentenced to eight years in prison in February. He was also accused of acquiring property with illicit money. Illegal operations hidden behind a bogus tea-trading business A business studies graduate, Johnson posed as a tea trader as a cover for his international drug exchange.
The authorities detailed that Johnson imported and sold over 400 lbs of heroin, cocaine, LSD, cannabis, and ketamine. All of the store’s purchases were made in Bitcoin (BTC).
The authorities detailed that Johnson imported and sold over 400 lbs of heroin, cocaine, LSD, cannabis, and ketamine.Law enforcement seized drugs on Johnson’s property, including MDMA tablets, LSD, heroin, and ketamine, as well as paraphernalia.
Cointelegraph reported a study from Crystal Blockchain Analytics on May 19, which revealed that the total USD value of Bitcoin transferred on the dark web rose by 65% in Q1 2020, despite a decline in transactions during the same period in 2019.