8-year prison sentence for New Hampshire man convicted of running unlicensed bitcoin business

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A federal judge has sentenced a New Hampshire man to eight years in prison for running an unlicensed bitcoin exchange business and fined him at least $40,000.

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Freeman said he devised a series of questions for customers, including whether a third party was putting them up to their transactions or if they were under duress. Some victims lied about their circumstances, he said. Freeman also said he didn’t learn about scam victims until he saw their stories in the news.of eight charges in December, although his conviction on a money laundering charge was later overturned by the judge. The prosecution is appealing it to the 1st Circuit Court of Appeals.

 

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