21-Year-Old Crypto Dealer Accused of Unlicensed Trading, Money Laundering

News
Mon, 08/20/2018 - 12:46
Yuri Molchan
Californian crypto broker arrested for BTC illegal sales
Cover image via U.Today

The investigation found out that around three years ago the crypto trader, Jacob Burrell Campos, made a sale of BTC worth over $750,000 to almost 1,000 different customers using his BTC exchange service.

Apparently, Burrell’s exchange worked without a license and without complying to any anti-money laundering regulations. There were also other similar charges made.

Should Burrell be found guilty, all his property, acquired as a result of this illegal actions, would be seized and respective imprisonment would follow.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.


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