A Vancouver businessman alleged to have sold encrypted BlackBerries to international drug-trafficking organizations laundered “tens of millions” of dollars of his illicit profits, U.S. law enforcement says in court documents.
Vincent Ramos, who owns Phantom Security Communications, was arrested in Washington state last Wednesday and is facing racketeering, drug-trafficking, conspiracy and money-laundering charges in San Diego.
The U.S. alleges he sold 20,000 of his specialized devices, as well as access to his encrypted communication network, to organized crime groups around the world, including the deadly Sinaloa cartel in Mexico, headed by Joaquin (El Chapo) Guzman.
And Ramos used shell companies and crypto currencies to launder that money, documents obtained by Postmedia News say.
Read the original article here: vancouversun.com
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