(Darknet) Cazes used 'web design' front for digital currencies

Business | 21 Jul 2017 10:10 pm

Talk in the Thailand neighborhood was that Canadian Alexandre Cazes was ready to improve his standard of living in the country, a haven for criminals and fugitives.

At the time of his arrest, he was building a palatial home about 20 minutes away in a far more upscale area. The price tag? More than US$1.1 million. (Pictured, one of the properties of AlphaBay founder Alexandre Cazes in the Thai capital Bangkok)

According to court documents, he also owned a luxury villa on the edge of a cliff in the holiday destination of Phuket and a US$400,000 villa in Antigua. 

Much of Cazes' fortune was in digital currencies, the court documents show. He bought real estate and luxury cars, including the US$900,000 Lamborghini, and pursued "economic citizenship'' in Liechtenstein, Cyprus and Thailand. 

He used what he claimed was a web design company, EBX Technologies, as a front, the US Justice Department indictment said.-AP

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