tl;dr
Federal prosecutors have charged a 23-year-old Taiwanese man, Rui-Siang Lin, with running one of the world's largest illegal online drug marketplaces, Incognito Market. They allege that the marketplace facilitated over $100 million in narcotics sales through encrypted channels. Lin faces charges inc...
Federal prosecutors have charged a 23-year-old Taiwanese man, Rui-Siang Lin, with running one of the world's largest illegal online drug marketplaces, Incognito Market. They allege that the marketplace facilitated over $100 million in narcotics sales through encrypted channels. Lin faces charges including engaging in a continuing criminal enterprise, narcotics conspiracy, and money laundering, with the most serious charge carrying a mandatory minimum sentence of life in prison.
The Incognito Market operated from October 2020 to March 2024, selling various illegal substances and generating over $80 million in revenue. Lin is also accused of delivering, distributing, and dispensing controlled substances via the Internet.
Federal prosecutors announced charges Monday against a 23-year-old Taiwanese man they allege ran one of the world's largest illegal online drug marketplaces, which they said facilitated more than $100 million in narcotics sales. Rui-Siang Lin, also known as "Pharoah" and "faro," was arrested at JFK Airport in New York on May 18 and charged with operating Incognito Market, a so-called dark web service accessible only through encrypted and obfuscated channels that allowed buyers and sellers to conduct illegal transactions anonymously.
In a 15-count indictment unsealed in the Southern District of New York, Lin faces charges including engaging in a continuing criminal enterprise, narcotics conspiracy, and money laundering. The most serious charge carries a mandatory minimum sentence of life in prison.
According to a criminal complaint, the Incognito Market launched in October 2020 and operated until March 2024, facilitating sales of heroin, cocaine, LSD, MDMA, oxycodone, methamphetamines, ketamine, and alprazolam, among other substances. The site "incorporated many features of legitimate e-commerce sites such as branding, advertising, and customer service," the complaint states.
Relying on information from undercover purchases and a search of the site's servers, prosecutors allege the Incognito Market sold more than 364 kilograms of cocaine, 295 kilograms of methamphetamine, and 92 kilograms of MDMA while generating more than $80 million in revenue, of which prosecutors said Lin collected millions in personal profits. As the site's leader, Lin "supervised all of its operations, including its employees, vendors, and customers, and had ultimate decision-making authority over every aspect of the multimillion-dollar operation," the indictment states.
In addition to the narcotics charges, Lin faces charges of delivering, distributing, and dispensing controlled substances by means of the Internet. Prosecutors said undercover agents successfully purchased methamphetamine, fentanyl, oxycodone, and heroin through the site, receiving the substances through the mail.
Lin was scheduled to appear in Manhattan federal court Monday afternoon.
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Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
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