The end of the road has finally come for the Rosarito, Mexico-based bitcoin dealer Jacob Burrell Campos, a US citizen who will forfeit more than $800k in ‘ill-gotten gains, according to the government. The 22-year-old admitted to running an illegal, unlicensed Bitcoin exchange that preyed on unsuspecting U.S. Bitcoin buyers and traders. More than 1,000 customers did business with Burrell Campos. For his crimes, he will also serve two years in prison. Burrell Campos isn’t some infamous, major criminal mastermind. He simply facilitated bitcoin trading without having a license or the exchange he set up to operate. However, his sentencing
The post California Slaps ‘Unlicensed’ Bitcoin Trader with 2-Yr Jail Term, Demands $823K in Forfeiture appeared first on CCN
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