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

Californian crypto broker arrested for BTC illegal sales

Mon, 20/08/2018 - 12:46

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

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.

#Cryptocurrency exchange

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.