The telco has run into legal trouble with US authorities in a money laundering case involving cryptocurrencies. A federal court has indicted Sky Global for allegedly helping criminal organizations launder millions of dollars in cryptocurrencies.
Sky Global is also accused of destroying remote equipment to prevent it from being captured by.
The Southern District of California charges allege that a Canadian company sold encryption equipment to facilitate drug trafficking in Australia, Asia, Europe and North America.
The court found that Sky Global obstructed justice by creating, maintaining and monitoring a system whereby the company remotely removed evidence of illegal activity once authorities arrived to seize the material.
In addition, law enforcement agencies have accused the Canadian telecommunications provider of using its infrastructure for the following purposes:
To avoid detection of his illegal activities, including laundering his illicit profits, he communicates with encrypted devices and transfers illegally obtained money in cryptocurrencies, including bitcoin.
Sky Global allegedly charged its customers a subscription fee of approximately $1,200 to $1,200 for a period of six months.
In addition, authorities said the company used bitcoin (BTC) to facilitate illegal transactions on a customer’s site to protect the anonymity of members, as well as to facilitate the laundering of illegally obtained profits by members.
The U.S. Government disagrees with all those who oppose unwarranted surveillance..
In response to the charges, Jean-Francois Yip, CEO of Sky Global, denied the allegations made by the US authorities and made the following statement:
To date, the authorities have not informed us of any lawsuit reported by the media. Following the media reports of the past week, it is with great sadness that I see widespread reports of what can only be described as an erosion of privacy rights.
Eap added that Sky Global was not created to prevent police from spying on criminal organizations; it exists to prevent anyone from spying on the global community.
The charges brought against me personally in the US are an example of how the police and the government try to blackball anyone who speaks out against unwarranted surveillance, he said.
What do you think of the allegations against Sky Global? Let us know your comments in the section below.
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