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United States Department of Justice Sentenced Crypto Helix Operator Larry Dean Harmon to 3 Years Jail & Forfeit $400 Million Assets for Money Laundering by Processing $311 Million Cryptocurrencies via Darknet Mixer to Launder Bitcoin, Most of the Funds Were from Online Drug Dealers
22nd November 2024 | Hong Kong
The United States Department of Justice has sentenced crypto Helix operator Larry Dean Harmon to 3 years jail and forfeit $400 million assets for money laundering by processing $311 million of cryptocurrencies via darknet mixer to launder bitcoin, with most of the funds coming from online drug dealers. United States Department of Justice (15/11/24): “An Ohio man was sentenced today to three years in prison for his operation of the darknet cryptocurrency “mixer” Helix, which processed transactions involving over $300 million worth of cryptocurrency from 2014 to 2017. According to court documents, Larry Dean Harmon, 41, of Akron, ran Helix, a darknet mixer that laundered customers’ bitcoin. Helix was connected to Grams, a darknet search engine also run by Harmon. Helix was one of the most popular mixing services on the darknet and was highly sought after by online drug dealers who needed to launder their illicit proceeds. Helix processed at least approximately 354,468 bitcoin — the equivalent of approximately $311,145,854 in U.S. dollars at the time of the transactions — on behalf of its customers, including customers in the District of Columbia. Much of those funds were coming from or going to darknet drug markets. Harmon retained a percentage of these transactions as his commissions and fees for operating Helix. Harmon worked to ensure Grams and Helix connected to or otherwise supported all of the major darknet markets at the time. Harmon developed an Application Program Interface (API) to allow darknet markets to integrate Helix directly into their bitcoin withdrawal systems. Harmon also customized features of Helix to ensure compatibility with significant markets. Investigators traced tens of millions of dollars from darknet markets to Helix. On Aug. 18, 2021, Harmon pleaded guilty to conspiracy to commit money laundering. In addition to his term in prison, Harmon was sentenced to three years of supervised release; a forfeiture money judgment in the amount of $311,145,854; and forfeiture of seized cryptocurrencies, real estate, and monetary assets valued at over $400 million. Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; U.S. Attorney Matthew M. Graves for the District of Columbia; Chief Guy Ficco of IRS Criminal Investigation (IRS-CI); and Assistant Director Bryan Vorndran of FBI’s Cyber Division made the announcement. IRS-CI’s Washington D.C. Cyber Crimes Unit and the FBI Washington Field Office investigated the case, with valuable assistance provided by the Justice Department’s Office of International Affairs and U.S. Attorney’s Office for the Northern District of Ohio. The Attorney General’s Ministry of Belize and Belize Police Department provided essential support for the investigation, coordinated through U.S. Embassy Belmopan. The investigation was coordinated with the Financial Crimes Enforcement Network, which assessed a $60 million civil monetary penalty against Harmon in a parallel action.”
“ United States Department of Justice Sentenced Crypto Helix Operator Larry Dean Harmon to 3 Years Jail & Forfeit $400 Million Assets for Money Laundering by Processing $311 Million Cryptocurrencies via Darknet Mixer to Launder Bitcoin, Most of the Funds Were from Online Drug Dealers “
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United States Department of Justice Sentenced Crypto Helix Operator Larry Dean Harmon to 3 Years Jail & Forfeit $400 Million Assets for Money Laundering by Processing $311 Million Cryptocurrencies via Darknet Mixer to Launder Bitcoin, Most of the Funds Were from Online Drug Dealers
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