Saturday, March 17, 2018

Vancouver man Vincent Ramos charged with conspiring to sell unhackable phones to crooks

Vincent Ramos, owner of Phantom Secure, and four others were indicted by a federal grand jury in Washington for conspiring with global criminals by providing encryption services to evade law enforcement. They are charged with participating in and aiding and abetting a racketeering enterprise and conspiring to import and distribute controlled substances around the world.

Ramos sold over 20,000 of his specialized devices, as well as access to his encrypted communication network, to organized crime groups around the world, including the Sinaloa cartel.
Ramos used shell companies and crypto currencies to launder his illicit profits. The indictment alleges Phantom Secure generated $80 million in annual revenue since 2008. Phantom Secure advertised its products as impervious to decryption, wiretapping or legal third-party records requests. Phantom Secure also guaranteed the destruction of evidence contained within a device if it was compromised.

More than 250 police conducted 25 searches of houses and offices of Phantom Secure associates in Los Angeles, Las Vegas, Miami, and in Australia and Canada, seizing Phantom Secure devices, assets, and evidence.