Bitcoin

Baltimore County man accused in $30 million dark web pill scheme

Baltimore County man accused in $30 million dark web pill scheme

Federal authorities say a Baltimore County man made tens of millions of dollars peddling knockoff Xanax pills through the secret corner of the internet known as the dark web.

In an indictment unsealed on Friday, authorities allege that Ryan Farace operated the business for nearly five years, taking payment in the digital currency bitcoin and shipping the tranquilizer out through the Postal Service.

Farace, 34, is charged with an array of drug-dealing and money-laundering violations. Authorities are also seeking to recover what they say were the proceeds of the alleged operation: $5.7 million and bitcoin valued at $24 million at Friday’s exchange rates.

Farace is in...

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