US Resident Operated Illegal Bitcoin Exchange Business – Faces 25 Years in Jail
An Ontario man based in San Bernardino County of the U.S. has agreed to plead guilty to federal charges of illegally operating a bitcoin to cash exchange business. According to the U.S. Department of Justice (DOJ), the man, Hugo Sergio Mejia, 49, operated the unregistered exchange business between May 2018 and September 2020. Accordingly, Mejia now faces “a statutory maximum sentence of 25 years in federal prison” once he pleads guilty. In a statement announcing the charges, the DOJ says Mejia had, as part of his plea agreement, admitted that he had not “registered his....
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A New Orleans resident has been charged for selling bitcoin without registering with the Financial Crimes Enforcement Network (FinCEN). If convicted, the seller may receive a maximum of five years in prison, a maximum $250,000 fine, up to three years of supervised release, and a $100 mandatory special assessment. Bitcoin Seller Faces Jail Time The U.S. Department of Justice (DOJ) announced Thursday that a New Orleans bitcoin seller named Michael Yusko has been charged with operating an unlicensed money transmitting business. The announcement details that “Under federal law, any....
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....
Anthony Murgio, who was charged for operating an illegal bitcoin exchange, has appeared in court to address the charges. Murgio was arrested back in July and has spent a few nights in Pinellas County jail before securing a $100,000 bond to be freed. In the hearing, Murgio let his lawyer Gregory W. Kehoe of the big law firm Greenberg Traurig, do the talking. The hearing was held before the United States magistrate judge, James C. Francis IV, in a federal court in Lower Manhattan. Illegal Bitcoin Exchange. According to federal authorities, bitcoin exchange Coin.mx run by Murgio has been a....
A New York IT supervisor is facing a possible sentence of up to 15 years in jail for mining bitcoin in the office. The man, identified as Christopher Naples, allegedly had hidden 46 mining rigs in the offices of the Suffolk County Center in Riverhead, New York. According to the investigation, 10 of these rigs had been installed since February, consuming more than $6,000 worth of energy. But given there were 36 more machines, the total energy cost could be far greater.
New York Man Faces Jail Time for Mining in the Office
Christopher Naples, an IT technician for Suffolk County in....
A U.S. court has charged Trevon Gross, the former chairman of a Jackson, N.J. federal credit union, with accepting $150,000 in bribes to turn the credit union’s functions over to the operators of Coin.mx, an illegal bitcoin exchange, according to NJ.com, a New Jersey news site. The office of Preet Bharara, the U.S. Attorney for the Southern District of New York, said Gross surrendered to the FBI today. Gross faces one count of corruptly accepting payments as an officer of a financial institution, which has a maximum sentence of 30 years in jail, according to Bharara’s office. Gross, the....