Dark web drug market operator sentenced to 40 years, forfeits $101 million in bitcoin
In this news:
Key takeaways
- Empire Market co-creator Raheim Hamilton received a 40-year prison sentence.
- Hamilton agreed to forfeit 1,230 bitcoin valued at roughly $101 million.
- The dark web platform facilitated over 4 million drug and illicit transactions.
A co-creator of dark web drug enterprise Empire Market agreed to forfeit 1,230 bitcoin ($101 million), after receiving a 40-year federal prison sentence for his role in operating the site.
His co-conspirator Thomas Pavey forfeited 1,584 bitcoin last year.
Raheim Hamilton, 30, of Suffolk, Virginia, also agreed to forfeit 24.4 ether worth about $60,000 and three properties, according to the U.S. Attorney’s Office for the Northern District of Illinois. A federal judge in Chicago sentenced Hamilton on Monday and imposed a $5 million fine.
Hamilton and Pavey operated Empire Market from 2018 to 2020. Their site facilitated more than 4 million drug transactions worth upwards of $430 million, prosecutors said. They also said Hamilton and Pavey sold stolen account credentials, personal data, counterfeit currency and hacking tools.
Pavey, 41, of Ormond Beach, Florida, pleaded guilty last year to a federal drug conspiracy charge and admitted his role in creating and operating Empire Market. He also gave up his rights to two boxes containing 25-ounce gold bars, three automobiles, and two properties in Florida. Pavey is set to be sentenced later this month.
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