Crypto

“King of the Xanax Trade” under the gun of the IRS

Now the tax authorities are hot on the heels of the “king of the Xanax trade”, demanding more than $1.2 million, and the latter is already being targeted by the Americans for extradition.

• Read also: Montreal king of Xanax prepares exit plan

• Read also: Betrayed by his pendant: “King of the Xanax trade” will ask to be released

• Read also: The United States wants to try a Montreal resident who is considered the king of Xanax trafficking.

The Internal Revenue Service has registered a legal mortgage on Alexandre Baudry's apartment on the 29th floor of this tower in L'Isle-de-Seur.

Photo by Pierre-Paul Poulain

The Internal Revenue Service has registered a legal mortgage on Alexandre Baudry’s apartment on the 29th floor of this tower in L’Isle-de-Seur.

Montreal resident Alexandre Baudry has not yet exhausted his legal troubles, while the Canadian Revenue Service has just registered a legal mortgage on his apartment in L’Isle-de-Seur, located on the 29th floor of the tower. He bought cash in September 2021.

The notice, filed in recent days, did not specify the motives of the tax authorities’ attempt to seize $1.24 million.

Beaudry was the victim of a home invasion with an attack in May.

Photo from the archive of the QMI agency

Beaudry was the victim of a home invasion with an attack in May.

However, we know that it was in this apartment that a 31-year-old man was the victim of a home invasion, where he was beaten, tied up and threatened with a weapon in May.

Millions

According to US authorities seeking his extradition, he then became a target for his cryptocurrency wallet, which could easily contain millions of dollars.

“Baudry owns a significant amount of bitcoin,” the petition reads.

He was arrested on June 30 at the request of the United States, while he was suspected of being a mega-drug dealer in the underground web (darknet).

The Americans suspect him of selling Xanax on a hidden network under the pseudonym

Photo provided

The Americans suspect him of selling Xanax on a hidden network under the pseudonym “AlpraKing”, who used this logo.

The Drug Enforcement Administration (DEA) has been investigating him for several years, and they believe he may have been smuggling several million Xanax pills under several aliases, including AlpraKing. It is a depressant used against anxiety and is very popular among young people.

“Professional criminal”

In a Reddit post attributed by US authorities to Baudry, he publicly bragged about being a former thief in law (drug lord) of an underground network.

The Montreal investigation includes extensive computer analysis, cross-checking open information, investigating bank accounts and exposing ex-employees.

Last week, the accused, in custody, told the court that he would like to submit an “exit plan” to be released pending further proceedings to extradite him.

He will have to provide important guarantees because the DEA fears he is on the run. If ever the prosecutor in the case refuses the proposed plan, the lawyers will file a formal motion for his release.

His next hearing is scheduled for next Friday in the Supreme Court.

– With Philippe Langlois

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