Coinbase Processed $500,000 in Bitcoin Payments That Helped Ex-Nissan Chairman Flee Japan

Coinbase processed $500,000 in bitcoin payments that aided the dramatic escape of former Nissan Motor Co. chairman Carlos Ghosn from Japan, according to Bloomberg.

In December, two Americans used a box to smuggle Ghosn out of the Asian country, where he was facing criminal charges for embezzlement and financial manipulation.

The former executive, who denies any wrongdoing, now lives in Lebanon, which does not have extradition relations with Japan.

According to a court filing, the money was allegedly sent via the U.S. crypto exchange over a four-month period by Ghosn’s son, Anthony, to an accomplice named Peter Taylor.

In total, Taylor pocketed $1.36 million. He had earlier received $862,500 in a separate transfer, wired by Carlos himself, the July 22 filing states.

Taylor worked with his father, Michael, a U.S. Army Special Forces veteran, to help Ghosn escape in what is thought to be a musical instrument box, and into private jet, to avoid facing financial charges.

The Taylors’ are now seeking to be released on bail following their arrest in May, at Japan’s request. U.S. prosecutors opposed bail, saying the duo was a security flight risk, especially now that they “have access to Ghosn’s vast resources with which to flee.”

Ghosn has promised to assist the people that helped him during his trying times in Japan, according to a recent TV interview, Reuters reported.

Coinbase, which is eyeing a U.S. stock market listing this year, courted controversy recently with its cosing up to law enforcement – something that bitcoin fundamentalists may consider a betrayal of the top crypto’s foundational principles.

The exchange has revealed that it is selling a blockchain tool that provides law enforcement agencies – the Drug Enforcement Agency (DEA) and the Internal Revenue Service (IRS) – with superior analytical capabilities.

Source: news.bitcoin.com

What do you think about Coinbase processing the Ghosn transfers? Let us know in the comments section below.

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk about cryptocurrency,

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, sending more th

Farm GRASS earn MONEY

Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets. One such groundbreaking avenue involves earning money by selling your unused internet connection. By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks. It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen. The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How to get started with GRA

Crypto Ethone

Search This Blog