This week in Southern California a Los Angeles woman who called herself the Bitcoin Maven will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins. U.S. law enforcement has arrested and convicted another Localbitcoins seller who reportedly made $300K per year selling digital assets. The 50-year-old Theresa Tetley used the alias Bitcoin Maven and sold bitcoins without registering with the financial authorities. Prosecutors say Tetleys operations were fueled a black-market financial system in the Central District of California that purposely and deliberately existed outside of the regulated bank industry.
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