United States authorities have brought criminal charges against a LocalBitcoins trader in connection with operating an unlicensed money transmission business, a government press release confirmed on May 28.
As revealed by the U.S. Attorney’s Office for the Southern (NYSE:SO) District of California, Las Vegas resident Morgan Rockoons will serve 21 months in federal prison for his activities, which also included a bitcoin (BTC)-based real estate fraud scheme.
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