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Thread: LocalBitcoins Trader 'Bitcoin Maven' Sentenced to Year in Prison

  1. #1

    Default LocalBitcoins Trader 'Bitcoin Maven' Sentenced to Year in Prison

    https://www.coindesk.com/localbitcoi...ear-in-prison/

    A Los Angeles bitcoin trader was sentenced Monday to one year in federal prison after she admitted to operating an unlawful money transmission business.

    Theresa Tetley, a former stockbroker and real estate investor based in California, was also fined $20,000 and will give up 40 bitcoins (an amount worth roughly $254,000), nearly $300,000 in cash and 25 assorted gold bars, according to a notice from the U.S. Department of Justice.

    As CoinDesk previously reported, Tetley worked as a trader on the LocalBitcoins exchange platform under the name "Bitcoin Maven" between 2014 and 2017 and reportedly exchanged millions of dollars worth of crypto during that period.

    The year-long sentence plus one day is less than the 30 months Tetley potentially faced as the sentencing process moved forward. It represents a win for Tetley, whose lawyers sought a one-year prison term.

    Brian Klein, one of Tetley's attorneys, called the result "a victory," according to LA Times, as it is much shorter than the previous 30-month jail time.

    "We are pleased the judge made such a dramatic departure," Klein told the publication.

    Tetley's case is considered to be the first of its kind within California's Central District, but other lawsuits in the past couple of years have taken aim at U.S.-based traders who used the LocalBitcoins platform.

    In one case from 2017, a bitcoin trader and his father were charged with running an unlawful money services business, resulting in a nine-year sentence for Michael Lord.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
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    Quote Originally Posted by TheCount View Post
    ...I believe that when the government is capable of doing a thing, it will.
    Quote Originally Posted by Influenza View Post
    which one of yall fuckers wrote the "ron paul" racist news letters
    Quote Originally Posted by Dforkus View Post
    Zippy's posts are a great contribution.




    Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members

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    I must have missed it, who was the victim here?

  5. #4

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    Quote Originally Posted by specsaregood View Post
    I must have missed it, who was the victim here?
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."



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