Students, 42-Year Old Arrested; Caught Running Drug Dealing Ring With Bitcoin

An Iowan, and two college students in Ohio, have been arrested in a drug dealing ring in which they used Bitcoin to buy and sell narcotics.

An example of how Bitcoin can be used for bad came roaring out recently, as a man has been arrested for allegedly selling narcotics and other drugs to college students in exchange for Bitcoin, according to reports.

The students had previously been arrested for their parts in the criminal activity.

Anthony Scott Boeckholt of Forest City, Iowa was arrested on Jan. 29. He’s charged with felony Engaging in a Pattern of Corrupt Activity. This is a first degree felony, which is the harshest charge that can be received in Ohio.

Boeckholt started his alleged drug dealing to the students back in 2016 when the crypto’s price was less than $1,000.

According to the Athens County, Ohio Prosecutor’s Office, which brought the charges, the drug dealing scheme went as follows.

Boeckholt would send large shipments of drugs to two students at colleges in Ohio. They’d pay for the drugs with Bitcoin, and then turn around and sell the drugs to their buyers. The prosecutor’s offices said the practice continued through January 23, 2018.

The scheme began to collapse when the students were arrested for drug trafficking. They reportedly tapped the dark web to contact Boeckholt to help them with their drug dealing deeds.

Their names, nor the names of the colleges they attend, or attended, have been released.

These kinds of schemes are prevalent, and the thought that they are being facilitated with Bitcoin sickens and disgusts. The opioid addiction problem is at epic levels in the U.S, and unfortunately Bitcoin is taking a hit for it because of schemes like this and the dark web.

The Athens County prosecutor, Keller Blackburn, expressed concern about the opioid addiction that is crippling his community, as well as those throughout the U.S. Blackburn said that drugs connected to this investigation led to at least two Ohio University student overdoses in 2017.

Blackburn said:

"The secretive nature of the dark web and cryptocurrency allows huge drug deals to be made without a trace. This means that anything purchased on the dark web may not be what it appears, leading to fentanyl-laced narcotics and other more severe substances."

According to The News Center TV, after the students’ drug trafficking arrests were made, investigators were able to nail Boeckholt:

Investigators then reviewed mail and messages sent between the college students and the suspected drug dealer, leading to evidence for search warrants in Iowa and the arrest of Anthony Scott Boeckholt.

The media outlet also reports that more charges are expected to be filed against Boeckholt, as well as others, as the investigation continues.

Authorities made it clear they weren’t messing around with this investigation. Just about every authority that could help bring the charges was involved. This included the Forest City, Iowa Police Department, Fairfield-Hocking-Athens Major Crimes Unit, Iowa State Patrol, U.S. Postal Inspectors, Iowa Department of Transportation, U.S. Marshalls, and the Athens County Sheriff’s Office.