Mexican Man Sentenced to Over Eight Years in Prison for Using Crypto To Launder $5,500,000 in Illicit Drug Money

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A Mexican national has been sentenced to eight years and four months in prison as a major player in a drug money laundering conspiracy that used crypto. According to a new U.S. Department of Justice (DOJ) press release , Jose “Meno” Martinez of Guadalajara, Mexico, helped drug traffickers launder money in Mexico. Martinez laundered $5.5 million in drug money, transferring the funds to Mexico via crypto while keeping a percentage fee for himself. As a result of Martinez’s dealings, the U.S. Drug ...