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Helix mixer operator gets 3 years in prison for money laundering

Larry Harmon laundered 350,000 BTC, but he was treated leniently for his help in jailing Roman Sterlingov.

Larry Harmon, who was arrested in 2020 for helping criminals launder money through the Helix cryptocurrency mixer, has been sentenced to three years in prison. The sentence was a show of leniency due to his assistance in the Bitcoin Fog mixer case, District of Columbia District Court Judge Beryl Howell said.

Harmon faced a sentence of up to 20 years for the charges against him. The government had recommended a sentence of 75 months on Nov. 11. Harmon was fined $60 million by the Treasury Department’s Financial Crimes Enforcement Network in 2020.

Harmon helped prosecutors in the case against Bitcoin Fog operator Roman Sterlingov, who was sentenced to 12.5 years in prison on Nov. 8. Harmon expressed remorse at his sentencing. He had also shut down Helix two years before his arrest, the judge noted while passing sentence on him. “He turned himself around before he was arrested in this case,” she said.

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Report: US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator

Report: US Department of Justice Files  Million Lawsuit Against Bitcoin Mixer OperatorThe United States Department of Justice recently filed a lawsuit to recover $60 million that was imposed on Larry Harmon, the operator of a bitcoin mixing service targeted by U.S. law enforcement in 2020. According to U.S. authorities, Harmon had operated an unlicensed money-transmitting business. Violation of the Bank Secrecy Act The United States Department […]

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Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering Charges

Founder of the Bitcoin Mixer Helix Pleads Guilty to Money Laundering ChargesLarry Dean Harmon, founder and operator of the bitcoin mixing service Helix has pleaded guilty on Wednesday to money laundering charges. Harmon’s guilty plea follows the U.S. Treasury’s Financial Crimes Enforcement Network (Fincen) fining Harmon $60 million last year. Helix Operator Pleads Guilty to Money Laundering, Conspiracy Charges According to several reports and a court-issued […]

Cryptocurrency investment should favor emerging markets