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A advertisement for the now defunct Phantom Secure, which law enforcement officials say sold encryption services to criminal gangs
Assets worth $4 million have been seized by authorities in Singapore from the former CEO of Phantom Secure, a now-defunct encrypted telecommunications services provider that offered services to transnational organized criminal syndicates. The confiscated funds are now being transferred to the U.S., according to the Justice Department.
Canada-based Phantom Secure's chief executive, Vincent Ramos, and four of his associates were indicted in 2018 on charges that they operated a criminal enterprise that facilitated the transnational importation and distribution of narcotics through the sale and service of encrypted telecommunications devices and services (see: