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US Authorities Indict a Canadian Telecom Provider in a Crypto Money Laundering Case With Encrypted Phones

A communications provider is in legal trouble with the U.S. authorities for a money laundering case involving cryptocurrencies. A federal court incited Sky Global for allegedly having facilitated criminal organizations to launder millions worth in crypto.
Sky Global Is Also Accused of Remotely Destroying Devices to Avoid Seizing
Per the filings, the Southern District of California stated that the Canadian-based company had been selling encryption devices to allegedly facilitate drug trafficking into Australia, Asia, Europe, and North America.
The court believes Sky Global committed obstruction of justice by “creating, maintaining, and controlling” a system whereby the firm would remotely delete evidence of the illegal activities once authorities arrived to seize the equipment.
Moreover, law enforcement accused the Canada-based telecom provider of using its infrastructure for the following purpose:
To avoid detection of its illicit conduct by, among other things, laundering its illegal proceeds, communicating with encrypted devices, and transferring illegally obtained funds into cryptocurrency, specifically bitcoin.
Sky Global allegedly charged their clients a subscription fee of approximately $1,200 – $1,200 per six-month period.
Also, authorities commented that the firm used bitcoin (BTC) “to facilitate illegal transactions” on the customers’ website “to protect the membership’s anonymity, and to facilitate the laundering of the membership’s ill-gotten gains.”

Story continues on Bitcoin.com

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