Theresa Tetley from Los Angeles can get fairly long imprisonment for illegal Bitcoin trading on LocalBitcoins website. The woman traded cryptos from 2014 to 2017, without the appropriate license.
A 50-year-old American, known on the mentioned website as Bitcoin Maven, has mastered crypto business fairly well, which, according to preliminary estimates, brought her about $300.000 per year. As a result, she was arrested for illegal financial services. The prosecution requires 30-month imprisonment and property seizure: 40 Bitcoins, almost $292.000, and gold bars, which were acquired through the illegal operations.
This issue assumed severe dimensions when it became obvious, that Theresa Tetley was involved in money laundering — she participated in the drug trading operations. It should be noted, that the woman has already pleaded guilty. The verdict has not been announced yet; the court session has been postponed for some indefinite period.
Earlier in 2017, several US residents were already criminated for illegal using of LocalBitcoins to exchange cryptos.
Image courtesy: Alummata.com