The Monmouth County Prosecutor’s Office completed the forfeiture and liquidation of nearly $200,000 in cryptocurrency from a single case in 2018, the office announced Monday.
That makes it the first state law enforcement agency to liquidate a cryptocurrency seizure, according to a release from the prosecutor s office.
It follows another first: the office became the first New Jersey agency to make cryptocurrency seizures, once in 2017 and the assets from the 2018 case, the office said.
In that latter case, the prosecutor’s office raided two places in Long Branch used by Giddel Gonzalez-Estrada. County detectives seized 500 grams of cocaine worth about $50,000, three vehicles, $32,000 in cash, a .22-caliber handgun and assorted material used for dealing drugs, the prosecutor’s office said.
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Beachwood pair found with 48 bricks of Heroin at residence
Two Beachwood residents are facing a string of drug related offenses after investigators found 48 bricks of heroin, enough for 2,400 dosage units, inside a residence along with $4,000 in cash.
Ocean County Prosecutor Bradley Billhimer announced the arrests Monday following a two-month investigation with Beachwood Detectives into illegal drug activity in the Ocean County area.
OCPO Narcotics Strike Force Detectives and Beachwood Detectives identified a residence that was being used to store and distribute quantities of Heroin.
As Detectives from the OCPO Narcotics Strike Force and Beachwood Police executed a search warrant at the residence, John Vaughn and Jennifer Vuono left and were then detained.
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