Colorado Bitcoin Trader Arrested, Could Face 5 Years in Prison
[UPDATE: CoinTelegraph has learned that all charges against Wagner have been dropped as of July 13. A document filed by US Attorney’s Office for the District of Colorado formally requested the District Court Judge handling the case, the Honorable William J. Martinez, to dismiss the case.] Bitcoin trader Burton Wagner has been arrested and may face 5 years in prison for his money transmitting activities dating back to 2012. The US Federal Prosecution accuses Wagner of operating without a money transmitting license in a state where such operation is punishable as a misdemeanor or felony. The....
Related News
A Serbian national has been extradited to the United States to face charges of defrauding investors out of more than $70 million through a cryptocurrency mining and binary options scam. Antonije Stojilkovic, 32, and six accomplices, who were all arrested between July and October 2020, faces up to 20 years in federal prison if convicted. Bogus Profiles According to a statement from the U.S. Department of Justice (DOJ), Stojilkovic was nabbed in his home country after the country submitted a “provisional arrest request on July 24, 2020. The statement adds that his removal “from....
A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams. The U.S. Department of Justice alleges that the trader knowingly sold bitcoin to victims of fraudulent schemes. Bitcoin Trader Facing Jail Time The U.S. Department of Justice (DOJ) announced last week that a Boston man has pleaded guilty in federal court to his role in two bitcoin fraud schemes. Austin Nedved “pleaded guilty to aiding and abetting wire fraud and money laundering conspiracy,” the DOJ detailed, adding that the 29-year-old is currently “in custody....
Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U.S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences. One of the Bitmex founders has already been arrested. Bitmex and Owners Charged in US Federal prosecutors and the Commodity Futures Trading Commission (CFTC) independently announced parallel actions against the cryptocurrency derivatives trading platform Bitmex and its owners on Thursday. The CFTC has charged five entities and three....
Following charges filed by the US Attorney's Office against Burt Wagner for operating an unlicensed money transmitting business in the state of Colorado in late 2014, the criminal case has been dismissed by a district court judge. Wagner faced up to five years in prison and a $250,000 fine if found guilty. However, Judge William Martinez issued an order to drop the indictment against the bitcoin trader and charges be dismissed "without prejudice" this week. Bitcoin Trader Charges. "I appreciate the US Attorney's Office doing the right thing and dismissing the criminal case against my....
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years Alexander Vinnik, the operator of the now-defunct Russian cryptocurrency exchange BTC-e, was sentenced on Monday to five years in prison by a French court for money laundering. The 41-year-old is also ordered to pay fines of 100,000 euros ($121,270). While convicted of money laundering, Vinnik was....