London Fintech Owner Accused of Facilitating Massive Drug Money Laundering via Crypto A fintech owner in London is under scrutiny for allegedly assisting notorious drug traffickers in laundering hundreds of millions of pounds through a crypto exchange platform.
According to a report by TorrentFreak, the investigation gained traction after Dutch customs officials seized over 12 tonnes of cocaine and more than 1.5 million worth of crypto assets.
The underground network involved in the money laundering scheme reportedly combined new technology with the ancient hawala money transfer system, primarily practiced in the Middle East.
Ozer was convicted on various charges, including fraud, leading a criminal organization, and money laundering.
He was found with approximately 1.9 million dollars worth of frozen cryptoassets.