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| June 23, 2018

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Prison Archives -

Spanish King’s Brother-in-Law Begins Prison Sentence

June 18, 2018 |

Spanish prison authorities say that the brother-in-law of Spain’s King Felipe VI has begun serving a nearly six-year sentence for fraud and tax evasion . An official with the Interior Ministry’s prison management division says Inaki Urdangarin arrived Monday morning at a prison near Avila, about 100 kilometers north of Madrid,…
Newser

TMZ

Suge Knight Hoping to Get Prison Pass to Attend Mom’s Funeral

June 17, 2018 |

Suge Knight’s looking for a “get out of jail” card and hopes the court will be sympathetic when they hear him out … he wants to attend his mother’s funeral. Sources close to the Knight family tell TMZ … Suge’s mother, Maxine Chatman, died Sunday…

TMZ.com

7-Time ‘Jeopardy!’ Winner Faces Prison Time

June 17, 2018 |

A seven-time ‘Jeopardy!’ winner who taught history at a small Michigan college faces up to five years in prison for sneaking into the email accounts of other professors, administrators and students. Per the AP , Stephanie Jass, who taught at Adrian College in southern Michigan, pleaded guilty Wednesday in Lenawee…
Newser

Father’s Day in prison separates families — Let’s remember them

June 17, 2018 |

Father’s Day celebrates the role fathers play in our lives and gives us a chance to acknowledge their important and unique influence. It’s also a time to remember those fathers who are missing from the family table.
FOX News

Former NFL Star May Spend Life in Prison

June 16, 2018 |

Kellen Winslow Jr. is a former NFL Pro Bowl player who was once the highest-paid tight end in the league. He’s also the son of a Hall of Famer. But prosecutors say Winslow is something else now: a kidnapper, rapist, and burglar. The 34-year-old has been jailed in Vista, Calif….
Newser

Spanish Princess’s Husband Ordered to Head to Prison

June 13, 2018 |

Judicial authorities on Wednesday told the brother-in-law of Spain’s King Felipe VI that he must report to a prison within five days to serve five years and 10 months for fraud and tax evasion, among other crimes. Inaki Urdangarin, a former Olympic handball medal winner who has been married for…
Newser

Another US Bitcoin Trader Faces Prison for Illegal Money Transmission

June 11, 2018 |

Another US Bitcoin Trader Faces Prison for Illegal Money Transmission

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.  

Also read: Bitcoin Cash Innovation Continues with the First On-Chain Atomic Bet

LA Woman Called the ‘Bitcoin Maven’ Convicted for Selling Bitcoins Without a License

U.S. law enforcement has arrested and convicted another Localbitcoins seller who reportedly made $ 300K per year selling digital assets. The 50-year-old Theresa Tetley used the alias ‘Bitcoin Maven’ and sold bitcoins without registering with the financial authorities. Prosecutors say Tetley’s operations “fueled a black-market financial system in the Central District of California that purposely and deliberately existed outside of the regulated bank industry.”

The U.S. Attorney’s Office claims that Tetley processed around $ 6-9.5 million USD worth of bitcoins throughout her tenure. Operating as the ‘Bitcoin Maven’ Tetley sold BTC between 2014 and 2017 using the online trading platform. Tetley has pleaded guilty and her defense is asking for 1 year in prison for her wrong doings but prosecutors have asked the U.S. District Judge Manuel Real to sentence Tetley to 30 months in federal prison.

Another US Bitcoin Trader Faces Prison for Illegal Money Transmission
Last year US law enforcement officials began arresting Localbitcoins traders who dealt with large amounts of BTC.

US Law Enforcement Continues to Arrest Localbitcoins Sellers for Selling Large Quantities of Digital Assets Without Permission

Tetley is one of many instances where US Localbitcoins traders have been taken into custody for illegal money transmission. In Missouri, a trader named Jason R. Klein pleaded guilty for trading BTC for fiat without registering with the financial authorities. Thomas Constanzo, (aka ‘Morpheus’) was arrested by Homeland Security in Arizona for the same crime. An Ohio man named Daniel Mercede was arrested in May of last year for selling large quantities of BTC overseas. Further, Richard Petix from New York was another trader who was found guilty for selling BTC and charged with “illegal money transmitting business” and “making false statements.”

Then this past February there was another instance where the U.S. Immigration and Customs Enforcement (ICE) team and Homeland Security arrested Morgan Rockcoons (aka ‘Morgan Rockwell’) in Las Vegas Nevada for a BTC transaction from November 2016. That month Rockcoons was charged with unlicensed money transmitting business and money laundering.

In Theresa Tetley’s (aka ‘Bitcoin Maven’) case, the U.S. Attorney’s Office is asking for a forfeiture of 40 BTC confiscated during her arrest, and 25 gold bars.

What do you think about the LA woman charged with illegal money transmission for selling BTC on the platform Localbitcoins? Let us know what you think about this subject in the comment section below.


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The post Another US Bitcoin Trader Faces Prison for Illegal Money Transmission appeared first on Bitcoin News.

Bitcoin News

Ex-CIA Officer Is Facing Up to Life in Prison

June 9, 2018 |

A former CIA officer was convicted Friday on charges he spied for China by providing top secret information in exchange for $ 25,000, the AP reports. Kevin Mallory, 61, of Leesburg, Virginia, faces up to life in prison, although federal sentences are often less than the maximum. A sentencing hearing…
Newser

Alleged US Double Agent Could Get Life in Prison

June 5, 2018 |

A former Defense Intelligence Agency case officer who allegedly sought out a new career as a double agent working for Beijing didn’t catch his flight from Seattle to China on Saturday. Ron Rockwell Hansen, 58, was arrested by the FBI as he attempted to leave the country, reports Reuters . Hansen—…
Newser

Lingerie purchases lead to ex-Apple employee’s prison term in $243G embezzlement case

June 2, 2018 |

A former Apple employee’s penchant for Victoria’s Secret merchandise led to her arrest and conviction in a $ 243,000 embezzlement scheme, according to reports.
FOX News