A 22-year-old bitcoin seller from the U.S. has been ordered to hand over $823,357 gained illegally via an unlicensed money transmission business.
The Attorney’s Office of the Southern District of California announced the news on Monday, saying that the dealer, Jacob Burrell Campos, has also been sentenced to two years in jail.
Burrell was taken to custody without bail last August, and later in October pleaded guilty that he had operated a bitcoin exchange without registering the business with the Financial Crimes Enforcement Network (FinCEN). The dealer has now also been asked to pay a maximum fine of $250,000, according to Monday’s announcement.
Bitcoin Trader Ordered to Forfeit $800K Gained via Unlicensed Exchange