Oh oh! Another Bitcoin related crime.
I hope he gets a proper justice if he is wasn't aware and has no ill intention. But, if he does had some ill intentions, he is going to get screwed under the money laundering law.
I think he refused to be investigated and that's where the problem came from. The article says he did somehow complied when Fincen contacted this person to register his company, but deliberately fail to fully comply with the said federal laws. That means he was constantly investigated for operating for such a long period of time without any license to operate his business.
He might have made a good offer to this malls. ATM machines only occupies a very small portion of floor area in the malls. So, I guess the mall management won't dig deeper on your legalities and papers to install your machine if you pay more for the rent.
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I think he made enough money to get the best lawyer lol.
~snip~
I don't see anything wrong over here. That dude was operating an exchange without a license. He would have gotten it if he has applied for it. Not sure why he didn't. Maybe he probably wasn't aware? Or he was aware and was up to something.I hope he gets a proper justice if he is wasn't aware and has no ill intention. But, if he does had some ill intentions, he is going to get screwed under the money laundering law.
I think he refused to be investigated and that's where the problem came from. The article says he did somehow complied when Fincen contacted this person to register his company, but deliberately fail to fully comply with the said federal laws. That means he was constantly investigated for operating for such a long period of time without any license to operate his business.
~snip~
Well, you know malls these days ain't what they used to be, and who knows what kind of management they have now. Sounds like there were some seriously careless managers at those malls if they allowed this dude to install all those ATMs. ~snip~.
No kidding. Thirty years in prison is no joke for not going through the proper channels--but I suspect he won't serve anywhere near that amount of time, depending on how good his lawyer is.[/quote]
I think he made enough money to get the best lawyer lol.