NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Aide to UKIP’s Nigel Farage Arrested for Bitcoin in Blackmail

Gautham
Gautham
4 years ago
2 mins read
UKIP, Nigel Farage

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

George Cottrell, a top aide to British politician and former UKIP leader Nigel Farage has been charged with money laundering, extortion, and another 19 charges. The reports of his arrest by the Federal Bureau of Investigation on July 22, 2016, has emerged yesterday.

According to available information, George Cottrell was targeted in an undercover sting operation by the US law enforcement agents back in 2014. During the operation, he had allegedly agreed to launder money for the agents who were posing as drug traffickers. The federal indictment issued by the Arizona Court states that Cottrell first came into contact with the agents online under the alias Bill and later met them in Las Vegas. He is also said to have made arrangements for them to transfer $20,000 in supposed drug proceeds to an offshore account belonging to an associate.

The reports also mention Cottrell’s attempts to blackmail the supposed drug traffickers by threatening to go to the police unless they paid him 130 bitcoins, worth about $80,000 at that time. George Cottrell was arrested at O’Hare International Airport after he attempted to leave the country with his boss, Nigel Farage, the former leader of UKIP.

Given the background of Cottrell and his recent attempt to leave the country, the court has declared him to be a flight risk and denied his bail application. The UKIP has announced that George Cottrell was not a full-time employee at the party, but a volunteer. The spokesperson for the party was quoted by publications saying,

“George was an unpaid and enthusiastic volunteer for the party over the period of the referendum… We are unaware of the details of the allegations excepting that they date from a time before he was directly involved in the party.”

Bitcoin has gained notoriety for being widely used by drug traffickers and cyber criminals. The ease of transactions and a certain degree of anonymity offered by the digital currency makes it an attractive alternative for cash. These very features of Bitcoin might have made Cottrell demand for ransom in Bitcoin instead of fiat currency.

The US law enforcement authorities are known for conducting sting operations on a regular basis. Recently, a Miami Judge dropped charges against Michell Espinoza for illegally selling and laundering digital currency after stating that Bitcoin still has a long way to go before it can be considered as money. Michell and his accomplice were also arrested in a sting operation conducted by the local law enforcement agency.

Ref: The Guardian |Express | Image: The Guardian
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

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

Leave a Reply Cancel reply

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

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Chainlink price

Chainlink Price Continues To Struggle Below $15 — Levels To Watch

The Chainlink price has impressed at times this year, but it has struggled to mount a sustained bullish run over...

Opeyemi Sule 3 hours ago
Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

Solana is facing a critical test this week, consolidating in a tight range between $145 and $160 since Monday. The...

Sebastian Villafuerte 5 hours ago

比特幣ETF年化收益超越標普500 7月最值得買入預售項目錯過升10倍肯定後悔 

在2025年夏季的市場震盪中,一則來自貝萊德(BlackRock)的數據悄然顛覆了資本市場長期以來的認知。根據彭博社報導,貝萊德旗下的實物比特幣ETF,iShares Bitcoin Trust(IB...

Kelvin Lee 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

What FunToken movement towards a 500% spike says about the scarcity market psychology

News BTC 23 minutes ago
Bitcoin

Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means

Opeyemi Sule 33 minutes ago
No Room For Bears: Bitcoin Bullish MACD And Monthly Close Fuel Bullish Outlook

No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Sebastian Villafuerte 2 hours ago

Premium Sponsors

Press Releases

  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    6 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    6 hours ago
  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    23 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    23 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    24 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.