Helix Bitcoin Mixer Owner Pleads Guilty to Money Laundering Conspiracy

103
SHARE
Cryptocurrency Exchange Fraud

Larry Dean Harmon, the founder, owner, and operator of Helix Bitcoin mixer pleaded guilty to money laundering conspiracy.

According to the U.S. Department of Justice (DOJ), Harmon admitted that he operated Helix from 2014 to 2017. Helix was linked to and associated with “Grams,” a darknet search engine, which Harmon also operated.

In addition, Harmon confessed that he advertised Helix to customers on the Darknet to hide transactions from law enforcement. He charged a fee for his bitcoin laundering service.

Helix and its co-conspirators laundered more than $300 million

Furthermore, Harmon admitted that Helix partnered with several Darknet markets including AlphaBay, Evolution, Cloud 9, and others to provide bitcoin laundering services to customers. Helix laundered more than 350,000 bitcoins totaling over $300 million on behalf of customers.

Moreover, Harmon confessed that he conspired with Darknet vendors and marketplace administrators to launder bitcoins generated through illegal drug trafficking.