A 50-year-old resident of Los Angeles is accused of illegal provision of financial services, since she traded cryptocurrency without the necessary license, thereby violating federal law. The prosecutor's office insists on imprisonment of Theresa Tetley for up to 30 months, NBC Los Angeles reportes.
In the period from 2014 to 2017, the cryptotrader under the nickname Bitcoin Maven was active in LocalBitcoins, earning about $ 300,000 on bitcoin annually. During this time, she carried out transactions in the amount of $ 6 million to $ 9.5 million.
According to the prosecutor's office, Tetley's business, which went beyond the regulated banking industry, fueled the black market of the central district of California.
The prosecution party also insists on confiscating 40 bitcoins, $ 292,264 and 25 gold bullion seized by law enforcement officers in March.
The verdict against Tetley, who had previously confessed her guilt, was due on Monday, but was postponed indefinitely.