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New Jersey Man Gets 12 Years After Using Bitcoin to Pay Chinese Fentanyl Suppliers
Jan 25, 2026
< 1 min read
by Chayanika Deka
for CryptoPotato
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A New Jersey man was sentenced to 12 years in prison for drug trafficking and money laundering, using Bitcoin to pay foreign suppliers. This highlights risks related to crypto's use in illegal activities.
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A Passaic County man has been sentenced to 12 years in federal prison for his role in a large-scale fentanyl distribution and money laundering conspiracy that involved the use of Bitcoin to pay overseas drug suppliers, according to the latest press release shared by the US Department of Justice.
William Panzera, 53, of North Haledon, New Jersey, was sentenced following his conviction for drug trafficking conspiracy and international promotional money laundering conspiracy.
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