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Drug Trade

Federal authorities have seized nearly $4 million in illicit funds generated from Phantom Secure, an encrypted telecommunications network used by organized crime syndicates, two years after the guilty plea of its CEO who admitted his technology helped the international drug trade flourish.

SAN DIEGO — Federal authorities have seized nearly $4 million in illicit funds generated from Phantom Secure, an encrypted telecommunications network used by organized crime syndicates, two years after the guilty plea of its CEO who admitted his technology helped the international drug trade flourish.

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