California...it figures.
Dude won't get fair treatment.
Looks like he was selling BTC on localbitcoins and made about $37k which puts him about at the lowest tax bracket so at least he doesn't need to worry about a capital gains tax violation.
He was selling in California, sending the money to Bitfinex and converting back to BTC. For this they considered it "International Money Laundering".
Them throwing out numbers like $750k, $1 million, etc. is all bullshit. They even said he did 971 separate transactions. That's less than $800 per sale on average.
The judge even threw in his general disdain for US laws as a reason to not give him bail. Ya think?
I guess we all need to start acting all super patriotic and love the nazi laws publicly so that when they try to throw us in jail because we're "required to register with the Department of Treasury" for our bitcoin transactions we can get bail.
All future posts by me will be super patriotic and utter bullshit. I expect I may need to return to the US at some point for funerals and such so I must act like a Jew in Nazi Germany or a proletariat in the Soviet Union.
God Bless the USA!