5 years jail time for "illigal" BTC sales via localbitcoin.com

Alexander Orlov 

Alexander Orlov

30 October 2018,
21:08
5 years jail time for "illigal" BTC sales via localbitcoin.com

On Monday, October 29 Department of Justice (DOJ), U.S. Attorney’s Office Southern District of California issued a press-release stating that Jacob Burrell-Campos, 21 years was charged statutory maximum:  5 years prison, $250,000 fine. Also Burrell agreed to forfeit to the United States a total of $823,357.00

Jacob Burrell Campos pled guilty today in federal court to operating an unlicensed money transmitting business, in connection with his sale of hundreds of thousands of dollars in Bitcoin to over 1,000 customers throughout the United States from January 2015 to April of 2016.