RATE Group | Feds accuse Ohio man of laundering $300M in cryptocurrency
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Feds accuse Ohio man of laundering $300M in cryptocurrency

15 Feb Feds accuse Ohio man of laundering $300M in cryptocurrency

Posted at 15:59h in Cryptocurrency News by

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Larry Harmon was arrested Tuesday after the indictment was unsealed in Akron

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Credit: wragg via Getty Images

AKRON, Ohio (AP) — Federal authorities have accused an Ohio man of laundering more than $300 million in cryptocurrency that customers used to make purchases from the darknet marketplace.

Larry Dean Harmon, of Bath Township, was indicted in December by a Washington, D.C., grand jury. Harmon was arrested Tuesday after the indictment was unsealed in Akron.

Prosecutors say the the 36-year-old Harmon from 2014 through 2017 offered “mixing” services for a fee to hide the source or owner of cryptocurrency from law enforcement scrutiny.

An indictment says most of the $311 million in cryptocurrency Harmon laundered was used buy illegal goods on darknet markets.

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