Skip to main content

Before there was D.J. D-Sol, there was S!CK: While trading equity derivatives at Goldman Sachs, Thomas Spieker was moonlighting in the dance clubs of San Francisco and New York. Unlike his fellow new arrival to the old Vampire Squid, however, Spieker wasn’t content keep his music a mere hobby, launching production companies and a talent agency, spinning all the while.

Alas, these endeavors did not prove quite as lucrative as working for Goldman Sachs (nor as successful as doing it part-time, as Spieker never played Lollapalooza), and Spieker had to find another way to keep the beats going at his party nights in Brooklyn. This way was through bitcoin. And, well, things (allegedly) developed from there.

At some point, Mr. Spieker appears to have pivoted from musical genres like dubstep and witch house to different undertakings. In a 2018 Facebook post, according to prosecutors, he advertised his money-laundering services, pitching them as being for potential clients who wanted to “STAY COMPLETELY OFF THE RADAR.”

From March 2018 to June 2020, Mr. Spieker, working with Mr. Sites and others, opened 29 bank accounts and eight cryptocurrency exchange accounts, prosecutors said. His fee ranged from 4 to 12 percent of the money being laundered.

Mr. Spieker’s most prominent customer, whom he described as his “whale client,” was the Eastern European organized crime member, prosecutors said. Mr. Spieker laundered $620,000 for the client, they said.

Mr. Spieker is also accused of laundering more than $267,000 for the operator of a Nigeria-based “romance scam,” who used the name Mark Kindly.

Ex-Party Producer Charged in $2.7 Million Bitcoin-Laundering Scheme [NYT]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.


By Mike Cauldwell ( [Public domain], via Wikimedia Commons

Report: Things More Or Less Perfect For Money Laundering Used To Launder A Lot Of Money

Decentralized finance and cryptocurrency are a criminal’s perfect match.


Of (Bogus) Love And (Fake) Money

The perils of romance and cryptocurrencies.

By Mike Cauldwell ( [Public domain], via Wikimedia Commons

Goldman Sachs Trades FUD For FOMO

And Chipotle trades bumretch for blockchain.


Goldman Said Sorry, Doesn’t Think It Should Have To Also Say ‘Guilty’

Also, isn’t a $2 billion fine for ripping a country off of $6.5 billion sort of excessive, when you think about it, Attorney General Barr?

By Paul Elledge Photography [CC BY-SA 3.0], via Wikimedia Commons

Goldman Doesn’t Want To Pay *Its* Legal Fees, Either

Joseph Jiampietro knows what we're talking about.


If You Believe Walmart Is About To Begin Accepting Litecoin, Well, I’ve Got Some, Uh, Litecoin To Sell You

The old is new again and again and again. And Steve Cohen and Cathie Wood want more of it.