[ad_1]
A New Hampshire man was found Thursday after a two-week federal trial for running an unlicensed bitcoin exchange business and laundering more than $10 million in proceeds from romance scams and other internet fraud. received.
Prosecutors have accused Ian Freeman of failing to register his business with the Financial Crimes Enforcement Network as required by law, disabling the Bitcoin Kiosk’s “Know Your Customer” feature, and accusing Bitcoin customers of telling him He said he “created a business that serves scammers” by not doing what they did with Bitcoin.
Freeman’s attorney, Mark Sisti, said Freeman actually warned people about the scam and helped businesses within the community.
Bitcoin Investor Max Kaiser Defeats Collapse of Sam Bankman-Fried’s ‘Empire of Fraud’
“We will definitely appeal,” said Sisti. “We appreciate the effort and time the jury put into this case.”
A New Hampshire man has been found guilty of running an illegal Bitcoin exchange.
Freeman, 42, a libertarian activist and radio host, was released pending an April 14 sentencing and appeal.
CLICK TO GET THE FOX NEWS APP
Along with him, five other people were arrested last year. The three pleaded guilty to wire fraud for opening accounts with financial institutions in their names or in the name of the church and allowing someone to use the accounts to sell cryptocurrencies. They received a light sentence. A fourth defendant has pleaded guilty to operating an unlicensed money transfer business and is awaiting sentencing. A fifth charge was dismissed.
[ad_2]
Source link
