Localbitcoins User Pleads Guilty to Running Unlicensed Crypto Business — Face...
A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and Paxful. He faces up to five years in federal prison and a possible $250,000 maximum fine. Crypto Trader Pleads Guilty The U.S. Department of Justice (DOJ) continues to take action against crypto traders using services such as Localbitcoins and Paxful to buy and sell cryptocurrencies as a business without a license. The latest such case involved Hien Ngoc Vo, a 49-year-old man from Seattle, Washington, who operated an unlicensed crypto business in....
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A Texas man, who calls himself “Doctor Bitcoin,” has pleaded guilty to running an illegal cryptocurrency exchange business, converting cash to bitcoin. He faces five years in federal prison. Crypto Exchange Operator Pleads Guilty The U.S. Department of Justice (DOJ) announced Tuesday that a Texas resident, Mark Alexander Hopkins, has pleaded guilty to “illegally operating a cash-to-cryptocurrency conversion business.” The 42-year-old man, who calls himself “Doctor Bitcoin,” pleaded guilty to one count of operation of an unlicensed money transmitting....
A Louisiana man and his son have plead guilty to running an unlicensed bitcoin exchange, the US Department of Justice said today. According to the Justice Department, Randall Lord and his son, Michael, plead guilty to one count of conspiracy to operate an unlicensed money services business. Further, the Lords allegedly failed to report cash receipts in excess of $10,000. The elder Lord also plead guilty to a charge of conspiracy to distribute the anti-anxiety medication alprazolam. The Justice Department said in a statement: “According to the guilty plea, from at least 2013 to 2015, the....
The former operator of bitcoin exchange Coin.mx, Anthony Murgio, has plead not guilty to money laundering. According to Bloomberg, Murgio also plead not guilty to operating the bitcoin exchange, wire fraud and conspiracy. As previously reported by CoinDesk, Murgio was charged with one count of money laundering and one count of willful failure to submit a suspicious activity report. He was arrested alongside Yuri Lebedev in July and accused of using Coin.mx as a money channel for a series of online criminal enterprises. Both him and Lebedev were charged with one count of conspiracy to....
A father-son duo from the state of Louisiana pleaded guilty to operating an illegal, unlicensed bitcoin exchange. An announcement from the U.S. Department of Justice revealed that Randall Lord, 58 and his son Michael Lord, 29, both from Shreveport, Louisiana, plead guilty to one count of conspiracy to operate an unlicensed money servicing business. In addition to the charge, Michael Lord also pleaded guilty to one count of agreeing to distribute Schedule IV controlled drug and anti-anxiety medication alprazolam. The duo also failed to report the receipt of over $10,000 in U.S. dollars. In....
The former operator of a bitcoin poker site has plead guilty to one count of operating an unlicensed gambling site in the state of Nevada, reports say. Having avoided a maximum sentence of 10 years in prison, Bryan Micon, who ran the now-defunct Seals with Clubs, will have to pay a $25,000 fine and serve a probation term, VegasInc reports. If he completes his probation, Micon will instead be able to plead guilty to one gross misdemeanour count of conspiracy for running an unlicensed gambling site. The duration of his probation is yet to be determined. Micoin will also have to give up....