Woman found with £2bn in BTC convicted of money laundering arrangement offence \ stacker news ~bitcoin

Woman found with £2bn in BTC convicted of money laundering arrangement offence bbc.com/news/uk-england-london-68620253

659 sats \ 11 comments \ @nivek 21 Mar bitcoin

86 sats \ 6 replies \ @TheBTCManual 21 Mar

Lol this article reads so weird, why are the details so sparse, for a multi-billion pound raid? So shes sitting on 65,154 BTC?! Bigger than some ETFs and you can't tell me where the funds came from? How the operation worked? How she was able to liquidate previously and purchase homes?

Why is she the only one that got caught? and why would they leave a fast food worker with that much coin? Criminals are not that dumb? Wtf is going on here

0 sats \ 2 replies \ @justanumber 21 Mar

Yeah, the usual scant detail and lots of things not adding up.

22 sats \ 1 reply \ @TheBTCManual 21 Mar

I did some searching, all the articles just repeat the same stuff, no added detail, I mean surely an operation of this size would have more info on it

0 sats \ 0 replies \ @justanumber 21 Mar

The bbc is one massive state controlled psyop propaganda machine. They're such lying b.....ards. Definitely fishy.

0 sats \ 2 replies \ @Taurus 21 Mar

Sorry but some criminals are really really dumb lol

10 sats \ 0 replies \ @TheBTCManual 21 Mar

Criminals can be dumb sure, but a 60k BTC plus operation should have some brains involved, things just smell fishy to me

0 sats \ 0 replies \ @justanumber 21 Mar

wouldn't be so dumb to have supposedly amassed that amount

6 sats \ 0 replies \ @DiedOnTitan 21 Mar

The vast majority of money laundering cases both in size, quantity, and every other dimension are predominantly cash based.

Drug Traficking Organizations (DTOs), engaged in the trafficking of a variety of drugs into the United States, use numerous methods to launder proceeds, which remain predominantly cash based.

Source: U.S. Treasury

While $2 Billion is not a small amount, this is news because it involves Bitcoin.

Compare that to this:

$200 Billion in fines to U.S. banks...Money laundering by banks is not an anomaly. It's a business model.

10 sats \ 1 reply \ @dayOldDonuts 21 Mar

Immediately upon readying this headline my brain told me "When they find out you have much BTC they will throw an anti-money laundering violation at you so they can take it all."

Now, I'm sure this has been happening for a very long time, not only with BTC, but I think I just now understood how easy it is for them to steal someone's wealth. Perhaps she's guilty of AML, but they are certainly guilty of theft.

42 sats \ 0 replies \ @justanumber 21 Mar

I was thinking the same thing. It's like coming into your home and asking where did you get that .... (table, tv, camera...) from? And if you can't provide proof or a receipt they say "ok you can't prove where you got it so we're taking it". A family member has funds locked in a payment services account and the company want to see proof of where the money came from. It was just transferred from their own personal bank account, their own personal savings. And they want 6 months bank statement before they will release the funds. It's just shows you how your money can be stolen from you so easily.

0 sats \ 0 replies \ @OriginalSize 21 Mar

Now watch these idiots auction the coins off for the same shit they print.