UK Sales Consultant Guilty Of Funding The Islamic State Group With BTC

A UK sales consultant was found guilty of sending BTC to the Islamic State supporters in the Middle East and he is waiting to hear his sentence so let’s read more in our latest Bitcoin news today.

The jury found 28-year old Hisham Chaudhary who was a sales consultant, guilty of sending BTC to IS supporters in the Middle east and his sentencing is scheduled for September 3^rd. The British broadcast organization reported that the jury at the Birmingham Crown Court found guilty the resident of Oadby, Leicestershire, Hisham Chaudhary of using BTC to fund the Islamic State group and spreading propaganda online. Accoridng to the investigation, the 28-year old man raised thousands and converted them into BTC so he was able to later send the amount to free IS supporters from detention camps in Syria.

The sales consultant denied the accusations and claimed that the actions had a humanitarian purpose but the prosecution played a “jihad” video that was associated with war motives among the terrorists which were leaked on the internet by Chaudhary. Moreover, the British police arrested the man in 2019 when they found devices in his home that contained IS propaganda records. The head of Counter Terrorism Policing North East detective Chief Superintendent MArtin Snowden said:

“Proscribed organizations present a very real risk to our security. Anyone demonstrating support for such a group, in any form, will be prosecuted without exception. Despite the weight of the evidence against him, Hisham Chaudhary has tried to present himself as a humanitarian. He is in fact a terrorist and has been recognized as such by the jury.”

The court officials found the man guilty of seven offenses under the Terrorism Act, four counts of disseminating the terrorist publication, two counts of funding terrorism, and one of membership of a proscribed organization. He will be sentenced on September 3^rd. Various statements a year ago suggested that the ISIS terrorist organization could possess $300 million worth of the primary digital asset in the war chest but the blockchain analytics company Chainalaysis described this theory as unlikely. The report reminded that the transparency of the crypto makes it not the perfect storage for illegal funds as terrorists prefer cash for their operations:

“Cryptocurrency is also not necessarily the ideal storage mechanism for illicit funds. Unlike cash and other traditional forms of value transfer, cryptocurrency is inherently transparent. Every transaction is recorded in a publicly visible ledger. With the right tools, we can stop bad actors from abusing the system for terrorism financing and other crimes.”

Source: https://www.dcforecasts.com/bitcoin-news/uk-sales-consultant-guilty-of-funding-the-islamic-state-group-with-btc/