December 16, 2024
Black market website operator arrested in Germany #NewsGerman

Black market website operator arrested in Germany #NewsGerman

Financial Insights That Matter

BERLIN (AP) — German police say they’ve arrested a 21-year-old man on a European warrant on allegations he ran a website used to facilitate illegal drug and weapons sales and other criminal activity.

Federal police said Thursday the man was arrested Tuesday in Bad Nauheim, near Frankfurt, on charges of computer fraud, membership in a criminal organization and drug violations. The European warrant was issued by the Netherlands and three other suspects were arrested there.

Police say the suspect, whose name wasn’t released, helped develop and administrate the illegal online Internet portal Black Market Reloaded and its successor Utopia. Among items seized in his arrest was a virtual Bitcoin wallet with 500,000 euros ($680,000) worth of the electronic currency.

Authorities say the website brought buyers and sellers together to sell black market goods.

#1a73e8;">Boost Your Financial Knowledge and Achieve Stability

Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.

#1a73e8;">Top Financial Tips for Saving and Investing

  • Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
  • Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
  • Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.

Leave a Reply

Your email address will not be published. Required fields are marked *