Cryptoinvestor from the UK convicted of drug trafficking – Bits Media

The Royal Court of the British city of Swansi accused a local resident of concealing income from cocaine trading in two cryptocurrencies.

After almost a year of investigation, the Royal Court recognized the 36-year-old Freyser Kuberchavez (Fraser Cuberhives) guilty. According to accusations, As a result of criminal activity, the Briton received more than 380,000 pounds (almost $500 000). Then the suspect converted the received funds in bitcoins under the guise of independent investments in crypto actes. The accusation considers, that in this way, Kuberchayves tried to hide from law enforcement agencies 18 Vts.

Cubeveves defense lawyer sent a protest to the court, stated, that the amount of claims to the client and the assessment of the volume of financial proceeds from the sale of prohibited funds do not correspond to reality. The court agreed with the arguments of the defense and appointed an additional investigation. The final announcement of the sentence is scheduled for May.

This is not the first time, When the British court considers the case of drug trafficking and concealing criminal income using crypto assets. IN 2022 The court sentenced the court
by nine years of imprisonment of a resident of Great Britain Simon Barclaya (Simon Barclay), from whom it was seized $6.7 million in cryptocurrency and drugs on $1.4 million.

In March, former Minister of Finance of Belgium Johan van Overweld, (Johan Van Overtveldt) I turned it
The attention of members of the European Parliament to the connection of cryptocurrencies with drugs and called the EU authorities to emergency measures to protect national financial systems in the form of an immediate ban on cryptocurrencies.