$11,754.33 3.04%
BTC · 4w

Bitcoin drug dealer must pay back £1.8m

Image copyright Leicestershire Police Image caption Police said Paul Johnson and his wife's belongings will be sold to raise the cash

A drug dealer who used cryptocurrency to import drugs into the UK has been order to pay back almost £2m.

Paul Johnson traded in Bitcoin to bring illegal substances into the country.

The 32-year-old, of Northampton Road, Market Harborough, Leicestershire, was jailed for eight years in February after admitting drug offences at Leicester Crown Court.

He has been given three months to hand over £1.8m and his wife, Lia Johnson, must pay back £135,000.

Leicestershire Police said Johnson "ran an organised business enterprise and traded in cryptocurrency in an attempt to hide his criminal activity".

Drug orders

Officers searching Johnson's home in December 2017 found £7,000 worth of drugs, including heroin, ketamine, LSD and MDMA tablets.

They had been delivered to three properties he was renting, then weighed and packaged in the loft of his home.

An investigation uncovered more than £300,000 worth of Bitcoin on his laptop along with orders for drugs.

Lia Johnson, 28, of the same address, received a suspended sentence after admitting acquiring and possessing criminal property.

The confiscation orders were made after Leicester Crown Court was given a summary of how much profit both had made from their criminal activity.

Under the Proceeds of Crime Act, the amounts must be repaid within three months or both sentences will be increased.

Paul Wenlock, the head of the force's economic crime unit, said: "Money and assets recovered after confiscation orders are granted ar...

Continue on
Recent news
BTC +3.04% · · 11h

Bitcoin is Becoming an Inflation Hedge.

Bitcoin’s status as a hard asset is growing clearer by the day. It has even resulted in the cryptocurrency forming a striking correlation to gold, silver, and other traditional “safe havens.” One bypr...
BTC +3.04% · · 13h

BTCPay Server has been released

Today, we released the new BTCPay Server – v1.0.5.4. This release introduces a new, default Bitcoin-only build, UX and UI improvements, fixes several bugs and two low-risk security vulnerabilities. 🆕...
BTC +3.04% · · 14h

11 Lightning payments in a row in 2 mins and 20 secs

We made 11 #Lightning payments in a row in 2 mins and 20 secs (the max length of a Twitter video) ⚡️Can you beat Team @CoinCorner? 👊#Bitcoin #LightningNetwork— Molly Spiers...
BTC +3.04% · · 19h

Young People Buy Bitcoin, Elderly Invest in Gold

The financial crisis prompted by the COVID-19 pandemic has highlighted the various investment approaches initiated across different age groups. According to a new JPMorgan analysis, elderly generation...
BTC +3.04% · · 22h

Wasabi Wallet 1.1.12 is out!

This release introduces several features, improvements and bug fixes. Among other improvements, this release is a preparation for the upcoming v4 Hard Fork.
BTC +3.04% · · 22h

BlueWallet releases LNurl-pay and Ground Control

Today we are releasing BlueWallet v5.5.2 and it brings 2 features that I would like to introduce and give a little walk through. To make push notifications possible we develop a new Free and Open…