Owner of Incognito dark web drugs market arrested in New York

Owner of Incognito dark web drugs market arrested in New York

May 20, 2024 at 03:40PM

Rui-Siang Lin, the owner of Incognito Market, a dark web marketplace for selling illegal narcotics, was arrested at JFK Airport. The market facilitated over $100 million in illegal drug sales. Lin had ultimate control over employees, vendors, and customers. He could face life in prison for several criminal charges. Lin will appear in court today.

Key Takeaways from Meeting Notes:

1. Rui-Siang Lin, also known as Ruisiang Lin, Pharoah, and faro, the owner and operator of Incognito Market, a dark web marketplace for illegal narcotics, was arrested at the JFK Airport in New York on May 18.
2. Incognito Market was responsible for selling more than $100 million worth of illegal narcotics, including over 1,000 kilograms of illicit drugs, such as methamphetamines, cocaine, amphetamine, and ecstasy (MDMA).
3. Lin had ultimate control over the marketplace, including its employees, vendors, and customers.
4. Law enforcement actions in July 2022 and August 2023 resulted in the seizure of servers used to operate the marketplace, yielding significant information about the marketplace’s operations, including vendor accounts, customer accounts, and transactions.
5. The marketplace generated $83,624,577 in revenue and Lin received at least $4,181,228 from its 5% commission.
6. Lin abruptly shut down the marketplace in March 2024, refusing to return vendors’ and customers’ funds and threatening to publish transaction history unless additional fees were paid.
7. If found guilty, Lin could face a mandatory minimum sentence of life in prison for participating in a continuing criminal enterprise, as well as additional sentences for narcotics conspiracy, money laundering, and conspiring to sell adulterated and misbranded medication.

Overall, the meeting notes provide a comprehensive overview of the criminal activities associated with the Incognito Market and the legal actions taken against Rui-Siang Lin.

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