In Southern California, a woman calling herself "the Bitcoin expert" should be sentenced this week after pleading guilty to involvement in illegal money transfers. According to the authorities, the company earned nearly $ 300,000 each year by reselling BTCs on the LocalBitcoins peer-to-peer exchange.

California woman convicted of selling Bitcoins without a license

JusticeIn the United States, law enforcement officials have called on a user of the LocalBitcoins platform, who could have generated nearly $ 300,000 in annual revenues.

At the age of 50, Theresa Tetley used this exchange to resell BTCs without any approval. The prosecutor estimated that the operations of the one who used the pseudonym "Bitcoin Maven" ("Bitcoin expert") "fueled a black market financial system in the California District, a system that is intentionally outside the banking sector. regulated ".

According to the US Attorney, Tetley reportedly processed between $ 6 and $ 9.5 million worth of Bitcoins throughout her business, between 2014 and 2017. She pleaded guilty to the charge, and her lawyer asked that she be sentenced to 1 year in prison. For his part, the prosecutor claimed from the district judge a jail sentence of 30 months.

Several American traders have already been convicted

Bitcoin RoomThe prosecutor's office also requested the seizure of the 40 BTCs that were confiscated from Ms. Tetley upon her arrest, as well as the 25 gold bars she held.

Previously, several individuals of American nationality were also convicted for reselling BTCs to individuals. This is the case of Jason R. Klein, or Thomas Constanzo (nicknamed "Morpheus"), who was arrested in Arizona by the Department of Homeland Security for a similar crime.

Daniel Mercede, a man residing in Ohio, was on his side arrested last May for selling large quantities of BTCs abroad. New Yorker Richard Petix was also found guilty of selling Bitcoins, and was accused of "illegal transfer of funds" and "false statements.