UK street gang launders drug funds with memecoin, report
A UK street gang involved in fraud, drug dealing, and extortion is paying people to launch OneCoin-style memecoins and “dump” on their investors in order to launder illicit profits. Expert witness and drug crime specialist Gary Carroll, who revealed the memecoin laundering scheme to The Daily Mail, claimed that “mid-level” members of one particular gang are launching memecoins and have hundreds of thousands of pounds to fund it. Neither The Daily Mail nor Carroll were willing to reveal the memecoin in question in order to protect the identity of Carroll’s sources. He did, however, say that the gang is “not a household name,” while the paper conceded that the coin in question bears a “ passing resemblance” to OneCoin , the billion-dollar crypto pyramid scheme that spawned a worldwide manhunt. Hayden Davis still making millions from LIBRA, MELANIA memecoins Read more: Andrew Tate struggles to pump memecoin amid Florida criminal inquiry The plot is active,...