Vincent Ramos, Chief Executive Officer of Phantom Secure, pleads guilty to helping international drug traffickers
Richmond's Vincent Ramos admits he has made $ 80 million over the past decade, helping international organized crime groups such as Sinaloa's cartel by selling encrypted electronic devices that can not be tracked.
Now the US wants to take away tens of millions of dollars from its assets.
The US lawyer in San Diego has filed a lawsuit against bank accounts, investments, and real estate ownership across the globe.
Ramos will be convicted in California next month after pleading guilty last fall for a racketeering fee to help international drug traffickers. At that time, he agreed to take away the abundance of assets.
On Tuesday, court documents were filed listing specific elements that would be part of a confiscation order, including gold and silver coins, a Crippower, a Las Vegas home, and two properties in Richmond.
The US also wants "money, funds and credits" from 30 different bank accounts related to Ramos. Some of them are on his behalf, others on behalf of his Phantom Secure Encryption company or other companies he has created.
There are local bills for bank savings, the Bank of Montreal, Scotiabank and TD. There are six American accounts in Bank of America, and one in JP Morgan Chase. There are four more bank accounts in Hong Kong, two in China, two in Ireland, one in Singapore and one in the United Arab Emirates.
For some of the profiles, the US Attorney lists a certain amount of dollars. For other court documents simply indicate that the US wants all the assets in the account.
The US also wants to preserve the contents of the Beverly Hills storage facility in Ramos, including US $ 101,080, 19 golden eagle coins, and seven golden coins from the buffalo.
And the American lawyer wants items in a JPMorgan Chase safe in Los Angeles, including $ 86,450 US, 100 silver bricks, four Canadian coins of $ 50 and four Mexican 50-pound coins.
A large amount of crypto-currency in Ramos accounts in nine different companies is also included in the confiscation application.
The Las Vegas Las Vegas one-bedroom apartment also includes $ 751,400 in the proceeds of the sale of a house in Richmond, and the bundle sold in April for a total of $ 1,550,000.
Although the total value is not stated for the assets specified in the confiscation request, the court document states that the proceeds "will be credited against the total amount of $ 80,000,000 for confiscation."
As part of his October debate agreement, Ramos admitted that he and his associates helped spread cocaine, heroin and methamphetamine to places in Canada, the United States, Australia, Mexico, Thailand and Europe.
Ramos, who lived with his family in Richmond until his arrest in March 2018, maintained Phantom Secure servers in Panama and Hong Kong – hidden behind virtual proxies – and even remotely erased data from devices seized by law enforcement.
Ramos and his associates will only sell devices to customers who have had a personal reference from an existing customer. A Ramos uses digital currencies, including BattleKnight, to facilitate Phantom Secure's financial transactions to protect the anonymity of users and to mock Phantom Secure revenues.
The 42-year-old Canadian man admitted that at least 450 kilos of cocaine have been distributed by people using Phantom Secure devices.
Ramos's accomplices – Kim Augustus Rod, Younes Nasseri, Michael Gamboa and Christopher Pokhiz – remain international fugitives.
He faces a maximum sentence of 20 years in prison, but the agreement recognizing guilt states that the US authorities will not oppose his transfer to a Canadian prison after serving at least five years south of the border.
Ramos established Phantom Secure Communications in Vancouver in 2008 and then expanded to the US, Australia, Dubai, Panama, Hong Kong and Thailand.