The latest cryptocurrency criminal to get the book thrown at them is “Bitcoin Maven,” a 50-year-old woman who ran a bitcoin-for-cash exchange operation.
The Department of Justice announced Theresa Lynn Tetley, a former stockbroker and real estate investor, was sentenced to 12 months and one day in federal prison this week for operating an unlicensed money transmitting business and money laundering.
She was also ordered to forfeit 40 Bitcoin (valued at about $250,000), $292,264 in cash, and 25 gold bars acquired through her illegal business.
Advertisement Tetley’s scheme, highlighted by Ars Technica, involved offering people Bitcoin in exchange for cash, which on its face probably doesn’t sound like much of a crime.
She failed to register her operation as a money services business and didn’t offer any sort of “anti-money-laundering mechanisms,” per the Justice Department.
An individual known as "Bitcoin Maven" was sentenced to one year in jail after exchanging millions of dollars of Bitcoin illegally through Localbitcoins.
News A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.
A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.
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A Bitcoin trader in Los Angeles, California is facing prosecution for allegedly running an unregistered multimillion dollar Bitcoin-fiat money transmitting business, NBC LA reported yesterday, June 11.
An LA woman known as ‘Bitcoin Maven’ faces prosecution for allegedly running an unregistered multimillion dollar Bitcoin-fiat money transmitting business
На этой неделе женщине из Лос-Анджелеса вынесли приговор за отмывание денег, сообщает Bitcoin. 50-летняя Тереза Тетли называла себя «Bitcoin Maven» и продавала криптовалюту на Localbitcoins. Всего за год ей удалось заработать около 300 тысяч долларов.
Пятидесятилетняя жительница Лос-Анджелеса Тереза Тетли (Theresa Tetley) может получить 30 месяцев тюремного заключения по обвинению в незаконной торговле биткоинами. Защита Тетли настаивает на более мягком наказания, предлагая уменьшить срок заключения до одного года.
50-летняя жительница Лос-Анджелеса обвиняется в незаконном предоставлении финансовых услуг, так как торговала криптовалютой без необходимой лицензии, нарушая тем самым федеральный закон. Прокуратура настаивает на тюремном заключении Терезы Тетли сроком до 30 месяцев, пишет NBC Los Angeles.
This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins.
In what’s being reported as the first case of its kind in Southern California, a woman has pleased guilty to running an illegal money exchange using bitcoin. Theresa Tetley is thought to have made over $300,000 a year using a peer-to-peer Bitcoin marketplace.
