Drug Money & Crypto: A Most Unseemly Saga! šŸ’ø

It appears the rather drab authorities of the United Kingdom have decided to relieve one Mr. Craig Costello of his, shall we say, ill-gotten gains. A trifling sum of Ā£1.6 million, amassed by the decidedly unrefined pursuit of importing…certain powdery substances. One does hope the cocaine had good provenance.

It seems our Mr. Costello, the last of a rather dĆ©classĆ© gathering of Teesside associates, has found his digital holdings – those fleeting cryptocurrencies – subject to the rather vulgar scrutiny of the courts. Convicted, you see, of participating in a global network of, how shall we put it, unconventional commerce.

The Gazette Live reports that financial investigators, bless their persistent hearts, unearthed a mere Ā£4,012.21 in Ethereum Classic within Mr. Costello’s accounts. A pittance, really, but apparently acquired through the…direct sales of excitement. Bank records, one assumes, revealed a pattern suspiciously fitting the habits of those engaged in the trade of vice. How dreadfully predictable! 🧐

A Fortune Built on an International Drug Empire

Between 2015 and 2016, Costello consorted with a cast of characters – Watson, Beazley, Wright – all under the direction of the more established (and infinitely more theatrical) figures of Moorby and Kennedy. It seems our Kennedy possessed a business acumen, involving helicopters delivering… provisions. A touch flamboyant, even for me! 🚁

The grand scale of Kennedy’s enterprise, a rather boisterous Ā£17 million in cocaine, suggests a certain disregard for subtlety. Shipments arrived via Kent, naturally, transported like contraband millinery. One can only imagine the customs officials’ expressions. šŸ™„

Our Mr. Costello, attempting a brief sojourn in the Middle East to avoid rather unpleasant questions in 2021, found himself recaptured in Amsterdam – driving, of all things! – and returned to face a nine-year period of enforced contemplation. How utterly lacking in style.

You might also like: Vitalik Predicts ZK-EVMs Will Power Ethereum Validation by 2030 (though frankly, even I find such technicalities rather tedious.)

Legal Battle Over Seized Assets Continues

The prosecution insists Costello’s profits amounted to Ā£1.6 million. The government, ever eager to demonstrate authority, has already disposed of his house, quad bikes, and vehicles. A rather dreary auction, I suspect. Now, a dispute with his former partner, Victoria Costello, over the proceeds of the house sale unfolds. Such a lack of decorum! šŸ˜’

Miss Costello avows contributing the initial deposit in cash – one shudders to think of the inconvenience of handling such vulgar sums – while the prosecutor, Mr. McNally, suggests a pending divorce awaits a financial resolution. The home equity, once mortgages are cleared, is a modest Ā£107,722. A sum hardly able to support a glittering lifestyle.

Officials discovered a further Ā£137,577 in cash and other assets ripe for confiscation. The final order is anticipated this year. Three of Costello’s colleagues have previously settled their proceeds-of-crime claims, handing over a paltry sum – less than Ā£300,000 – from a pool of over Ā£4 million. The inefficiency! It’s quite appalling. šŸŽ‰

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2026-01-05 03:12