CryptoCurrency : Just a reminder that LocalBitcoin trader is being sentenced on July 30, 2018 in Phoenix, AZ
Hello Bitcoiners,
Thomas Costanzo *aka Morpheus Titania* has been convicted by a Jury of his peers to 5 counts of Money Laundering.
Before the trial, the US government gave him a plea offer of pleading guilty for 10 years in jail. **He refused.** The government is now asking for 10 years in jail.
What Thomas Costanzo case did for the community is not being publicized enough but Money Laundering has two sides.
A person can be convicted of money laundering for:
1. failing to register as a money business with FinCEN, not reporting transaction in excess of $10,000, etc … ;
2. trying to conceal the proceed of the funds.
A jury found Thomas NOT GUILTY of #1 but GUILTY of #2. This mean that thanks to him there is a precedent about trading bitcoin and not need to register as an MSB.
Hopefully the judge will refuse the US argument that he should be in jail 10 years since Sal Mansy got 1 year, Luis Ong got 20 days, Klein got probation.
If you are in Phoenix, AZ … please come and show your support.
[https://www.meetup.com/AbolishTheBitlicense/events/251503014/](https://www.meetup.com/AbolishTheBitlicense/events/251503014/)
Regards,
Theo Chino,
r/https://AbolishTheBitlicense.org
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Author: theochino
Score: 66
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