Results 1 to 4 of 4

Thread: Sell Bitcoin for cash, get years in prison

  1. #1

    Default Sell Bitcoin for cash, get years in prison

    Looks like the man is cracking down on person to person bitcoin sales.

    https://news.bitcoin.com/government-...-transmitters/

    In a recently circulated case, a Missouri man pleaded guilty to conducting an unlicensed and unregulated money transmitter service. The man, Jason R. Klein, posted advertisements on the internet to exchange Bitcoin for cash. The Missouri attorneys office statement said,

    Between Feb. 6, 2015, and July 27, 2016, Klein, acting with another, met with two undercover federal agents on numerous occasions to exchange bitcoin for cash. Today’s plea agreement cites five separate transactions in which money (ranging from $1,000 to $15,000) was exchanged in person for an electronic transfer of bitcoin. Each of the transactions included a fee that Klein or another person charged the undercover agents, for a total of $2,122 in fees.

    Klein is subject to receive a penalty of up to five years in prison without parole.
    Interesting.. so if you're a computer shop and a hospital staffer comes in to ask for help, they were hit with a crypto locker virus with a day left to pay or medical records go away forrever. It appears you would have to say 'sorry, I would love to help you but the government says you must buy your bitcoin through one of a few exchanges that take days to verify your identity, you're screwed'
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

    BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq



  2. Remove this section of ads by registering.
  3. #2

    Default

    I suspect this whole thing about computers, ransom and bitcoin is just a way to get at bitcoin and make is too difficult to use. Somebody has it out for that currency.

  4. #3

    Default

    Quote Originally Posted by Dr.3D View Post
    I suspect this whole thing about computers, ransom and bitcoin is just a way to get at bitcoin and make is too difficult to use. Somebody has it out for that currency.
    I'm in agreement.
    He has combined with others to subject us to a jurisdiction foreign to our constitution,
    and unacknowledged by our laws;
    giving his Assent to their Acts of pretended Legislation:

  5. #4

    Default

    So tax dollars are being used by undercover govt agents buying bitcoin with cash ? Sounds very legit , thanks govt for looking out for everyone .
    Support CalExit .






Similar Threads

  1. IRS Threatens Prison For Depositing Cash In “Wrong” Amounts
    By Origanalist in forum Individual Rights Violations: Case Studies
    Replies: 0
    Last Post: 05-27-2016, 08:45 PM
  2. Kids for cash: Judge likely to get a 12 year prison sentence
    By aGameOfThrones in forum U.S. Political News
    Replies: 0
    Last Post: 02-18-2011, 10:28 PM
  3. Replies: 28
    Last Post: 06-26-2010, 10:53 AM
  4. Cash Strapped States Will Sell Properties to Raise Money
    By clb09 in forum Economy & Markets
    Replies: 7
    Last Post: 12-27-2008, 08:34 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •