An Ohio man guilty of Bitcoin laundering must forfeit over $400 million in assets
An Ohio man named Larry Dean Harmon will serve three years in prison and forfeit more than $400 million worth of cryptocurrency and other assets, the Department of Justice announced on Friday. Harmon was indicted in 2020 on money laundering conspiracy charges related to Helix, a darkweb cryptocurrency “mixer” service he ran.
Also known as crypto “tumbling,” services like Helix are designed to hide cryptocurrency transactions — often for illegal drugs — and the identity of people involved. From 2014 to 2017, Harmon processed more than 350,000 Bitcoin (about $311 million USD at the time) in such transactions, according to the DOJ’s announcement.
Harmon, who pleaded guilty to conspiracy to commit money laundering in August 2021, will be on the hook for three years of supervised release after serving his prison sentence. He also received a $311,145,854 forfeiture money judgment.
He faced a possible 20 years in prison, but the judge in the case gave him a more lenient sentence after he helped with multiple other investigations, as The Wall Street Journal notes. That reportedly included his testimony in the trial of Roman Sterlingov, who ran another crypto mixer called Bitcoin Fog.
An Ohio man named Larry Dean Harmon will serve three years in prison and forfeit more than $400 million worth of cryptocurrency and other assets, the Department of Justice announced on Friday. Harmon was indicted in 2020 on money laundering conspiracy charges related to Helix, a darkweb cryptocurrency “mixer” service…
Recent Posts
- 9 dog-care gadgets that are so clever they deserve a treat — including an ingenious on-the-go water solution and a ‘canine FitBit’
- Control Resonant is a sequel — and also a starting point
- Summer Game Fest Live 2026: The biggest news, trailers, and announcements
- OpenAI rolls out a Lockdown Mode for extra protection against prompt injection attacks
- The Dyson HushJet Mini Cool is the powerful personal fan you won’t want to live without this summer — and it’s surprisingly reasonably priced, too
Archives
- June 2026
- May 2026
- April 2026
- March 2026
- February 2026
- January 2026
- December 2025
- November 2025
- October 2025
- September 2025
- August 2025
- July 2025
- June 2025
- May 2025
- April 2025
- March 2025
- February 2025
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023