LBC being targeted my second Post....I'm telling you..

https://www.deepdotweb.com/2017/05/18/localbitcoin-seller-guilty-illegal-currency-exchange/


Comments


[5 Points] murderhomelesspeople:

So he wasn't licensed is the issue? I'm having difficulty getting a good read on what's going on here.


[3 Points] None:

Some people gets 5 years jail for rape, and this guy faces 5 for selling bitcoins?


[1 Points] HungriestOfHippos:

I feel like there's more to the story here.

He was either avoiding paying taxes and actually had decent volume or laundering obvious drug btc.

Edit: he got roped by the IRS, so definitely tax related and not operating "illegal exchange". The IRS itself declares bitcoin an asset not a currency. I think the issue here is an UC IRS agent caught him selling assets for capital gains and not reporting it.