Local media of California region disclosed that a pair from Califonia’s city Rancho Cordova was indicted in possession of selling marijuana and psilocybin mushrooms on social media in exchange for the partial payment in cryptocurrency. Announced on November 29, 2018, by the U.S Attorney McGregor W.Scott, both residents of Rancho Cordova, namely Nathan Paul Barnes and Tiarra Maureen Jackson are held responsible for seven-count indictment.
Officially released a report stating that these individuals were operating an enterprise dealing with drug distribution. Barnes and Jackson used to promote their enterprise, called “Fine Cali Herb” across social networking platforms. Using social networks including Instagram and Snapchat, they caught selling large quantities of drugs including THC products, marijuana and psilocybin mushrooms to various parts of the world.
It was reported that the payment for narcotics was received in the form of Bitcoin. However, while conducting the investigation during July 2018 on their social media accounts and emails over the uncovered purchase of drug products. Though, it does not yet claim is not yet confirmed because the individuals have yet to agree but if convicted, Rancho Cordova duo would face fine of huge amount i.e $1 million and a maximum statutory penalty of 20 years in prison.
The statement notes that;
Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendants are presumed innocent until and unless proven guilty beyond a reasonable doubt.
This is not the first time that crypto is being used for selling drugs. Since the cryptocurrency is decentralized and the transactions are recorded over the distributed ledger, it is quite easy to use crypto for illegal activities.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com