/cdn.vox-cdn.com/uploads/chorus_asset/file/25535403/STK004_FBI_CVIRGINIA_A.jpg?w=1200&resize=1200,628&ssl=1 "An Ohio man culpable of Bitcoin laundering must forfeit over 0 million in assets")
An Ohio man named Larry Dean Harmon will serve three years in prison and forfeit more than $400 million worth of cryptocurrency and other assets, the Department of Justice proclaimd on Friday. Harmon was indicted in 2020 on hideing money consillicit copying indicts roverhappinessed to Helix, a unwiseweb cryptocurrency “joiner” service he ran.
Also understandn as crypto “tumbling,” services appreciate Helix are arrangeed to hide cryptocurrency transactions — normally for illegitimate substances — and the identity of people included. From 2014 to 2017, Harmon processed more than 350,000 Bitcoin (about $311 million USD at the time) in such transactions, according to the DOJ’s proclaimment.
Harmon, who pdirected culpable to consillicit copying to pledge hideing money in August 2021, will be on the hook for three years of handled free after serving his prison sentence. He also obtaind a $311,145,854 forfeiture money judgment.
He faced a possible 20 years in prison, but the appraise in the case gave him a more perignoreive sentence after he helped with multiple other spendigations, as The Wall Street Journal notices. That increateedly included his testimony in the trial of Roman Sterlingov, who ran another crypto joiner called Bitcoin Fog.
