Spanish Police Accuse Illegal Drug Vendor of Laundering $3.3M Haul in Crypto

The National Police of Spain said vendors’ “purchase of virtual currency stands out.” Police arrested 33 suspects across two parallel raids.

Jun 30, 2020 at 9:30 p.m. UTC
Updated Sep 14, 2021 at 8:58 a.m. UTC

Spain’s National Police on Sunday arrested 33 people who allegedly sold illegal medications online and laundered at least part of their €3 million ($3.37 million) profit in virtual currency.

  • The busts, conducted against two separate organizations, resulted in the seizure of over 70,000 erectile dysfunction tablets and other drugs that Spain’s health regulators have not approved.
  • Police claim one of the organizations’ vendors moved the drugs from a factory in India through Singapore and the United Kingdom before importing them to a Murica garage for distribution.  
  • In documenting the suspects’ attempts to cover their digital tracks, police said the “purchase of virtual currency stands out.”
  • The Murica organization netted vendors at least 3 million euros, authorities said. They alleged the criminals laundered some of those funds through virtual currency, but did not disclose which cryptocurrency.
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